10.11.2016 Nordex SE  DE000A0D6554

DGAP-News: Nordex expecting a strong fourth quarter


 
DGAP-News: Nordex SE / Key word(s): 9-month figures/Quarterly / Interim Statement Nordex expecting a strong fourth quarter 10.11.2016 / 07:50 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Nordex expecting a strong fourth quarter - Targets in Q3/2016 reached - Sales up by 31 percent to over EUR 2.3 billion - 47 percent increase in EBITDA to EUR 204 million - Sales and earnings now expected at the lower end of the target range Hamburg, 10 November 2016. The Nordex Group (ISIN: DE000A0D6554) posted a 31 percent increase in sales to EUR 2,339.5 million in the first nine months of 2016, which represents an organic growth of 10.6 percent. The merger with Acciona Windpower (AWP) was completed in the second quarter of 2016 and AWP has been consolidated in the Nordex Group from 1 April. In the reporting period under review, AWP contributed 24 percent of the Group's order intake and is expected to play a growing role in the final quarter of the year. In total, Nordex's new business was thus valued at EUR 2.17 billion. At EUR 841 million, order intake in the third quarter was in line with expectations. The main sources of new business were Germany and North and South America. Order intake from Germany in the third quarter rose by EUR 216 million to EUR 741 million, new business from the Americas climbing by EUR 318 million to EUR 523 million. Further orders came in particular from other EMEA markets, i.e. Europe and South Africa. The operating indicators were also up. Installed capacity rose by 75 percent to 2,025 MW (previous year: 1,158 MW). Rotor blade output climbed by 84 percent, while turbine output was up by 26 percent. Earnings before interest, taxes, depreciation and amortisation rose by 47.7 percent to EUR 203.9 million (9M/2015: EUR 138.0 million), equivalent to an EBITDA margin of 8.7 percent. This positive performance was driven by greater productivity and improved project execution. Consolidated net profit increased by 41.9 percent to EUR 64.4 million (9M/2015: EUR 45.3 million). The balance sheet structure remains solid after the acquisition of AWP, with the equity ratio standing at a stable 32.0 percent. Cash and cash equivalents amounted to EUR 430.6 million as of the reporting date (31 December 2015: EUR 528.9 million). Following the acquisition of AWP and the repayment of the corporate bond, Nordex had net debt of EUR 217 million as of 30 September 2016 (31 December 2015: net liquidity of EUR 322.0 million). Cash flow from operating activities came under strain from the commencement of work on wind farms to be installed in the near future. In addition, payment terms in individual emerging markets led to an above-average increase in working capital. However, the working capital ratio is to reduce to below 5 percent again due to the expected strong order intake in the fourth quarter and related prepayments. The working capital ratio stood at 6.8 percent as of the reporting date. Delays in the order intake for a number of contracts and, hence, the postponement of the start of construction work led to a shift in the recognition of sales. This is the main reason why the Management Board now expects sales and profitability to come in at the lower end of the target range. Accordingly, the Management Board forecasts full-year business of around EUR 3.35 billion accompanied by an EBITDA margin of some 8.3 percent in 2016. "The third quarter lived up to our expectations. I expect that we will be able to achieve our full-year target, and we confirm guidance at the lower end of the range as far as top-line and profitability is concerned. We expect a busy fourth quarter in terms of new orders and maintain the order intake guidance of a good 3.4 billion EUR," says Lars Bondo Krogsgaard, Chief Executive Officer of Nordex SE. For more information, please contact: Nordex SE Ralf Peters Telephone + 49 40 300 30 - 1522 [email protected] --------------------------------------------------------------------------- 10.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Nordex SE Erich-Schlesinger-Straße 50 18059 Rostock Germany Phone: +49 381 6663 3300 Fax: +49 381 6663 3339 E-mail: [email protected] Internet: www.nordex-online.com ISIN: DE000A0D6554 WKN: A0D655 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 519287 10.11.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 3.077,79 2.459,12 3.284,57 4.650,74 5.443,95 5.693,56 6.489,07
EBITDA1,2 200,66 101,66 123,83 93,95 52,67 -244,27 2,03
EBITDA-Marge3 6,52 4,13 3,77 2,02 0,97 -4,29
EBIT1,4 43,36 -54,18 -19,58 -61,84 -107,33 -426,68 -186,47
EBIT-Marge5 1,41 -2,20 -0,60 -1,33 -1,97 -7,49 -2,87
Jahresüberschuss1 0,33 -83,85 -72,98 -129,71 -230,16 -497,76 -302,81
Netto-Marge6 0,01 -3,41 -2,22 -2,79 -4,23 -8,74 -4,67
Cashflow1,7 91,41 124,93 37,98 -352,20 127,56 -350,09 161,20
Ergebnis je Aktie8 0,00 -0,86 -0,73 -1,21 -1,68 -2,71 -1,33
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Nordex
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0D655 12,160 Halten 2.875,24
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,11 31,37 0,70 -17,10
KBV KCV KUV EV/EBITDA
3,11 17,84 0,44 1.108,26
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 23.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2024 25.07.2024 14.11.2024 29.02.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
16,25% 12,62% 16,92% -4,81%
    
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