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PRESS RELEASE: Nordex continues successful business development in Germany

DGAP-News: Nordex SE / Key word(s): Incoming Orders Nordex continues successful business development in Germany

08.11.2013 / 10:26

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New contracts for 15 multi-megawatt systems / three wind farms with 36.8 MW

Hamburg, 8 November 2013. Wind turbine manufacturer Nordex SE is continuing to win business with efficient turbines across Germany. In October of this year alone, three customers placed orders for new wind farms comprising a total of 15 N100/2500 and N117/2400 wind turbines. Nordex gained new business in Bavaria, which is characterised by lighter winds, with the N117/2400, a turbine particularly designed for such locations, while its regular customer Enertrag opted for the moderate-wind turbine N100/2500 for a site in the Northern German state of Mecklenburg-West Pomerania.

In summer 2014, Nordex will be installing eight N100/2500 turbines at the 'ttelin' wind farm for project developer and power station operator Enertrag. At the same time, Nordex will work on the 'Mabach-Volkershausen' and 'Insingen' projects in Bavaria, for which it will supply a total of seven N117/2400 turbines, which are amongst the most efficient wind power systems for light wind locations. A further factor is that these projects are being partly funded via citizen participation models.

'Our current strong success in Germany vindicates our product strategy. At the same time, we find that many of our regular customers are again opting for Nordex. This shows that we are offering the right services for our customers,' says Nordex Management Board member Lars Bondo Krogsgaard.

About Nordex As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The Generation Gamma range comprises the N90/2500, N100/2500 and the N117/2400, which is one of the most efficient onshore turbines. To date, over 2,400 of these turbines have been produced. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. With Generation Delta, Nordex is now offering the fourth generation of its proven multi-megawatt platform (N100/3300, N117/3000). Nordex has installed a total of around 5,500 turbines with an aggregate capacity of more than 9,000 MW all around the world. With exports accounting for more than 85 percent of its business, Nordex SE plays a key role in international high-growth regions. The Company has offices and subsidiaries in 22 countries around the world with a total global headcount of over 2,500 employees.

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PRESS RELEASE: Nordex continues successful business development in Germany

PRESS RELEASE: Preliminary nine-month figures: INDUS confirms guidance

DGAP-News: INDUS Holding AG / Key word(s): Preliminary Results Preliminary nine-month figures: INDUS confirms guidance

08.11.2013 / 10:00

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Preliminary nine-month figures: INDUS confirms guidance

- Kieback-Schfer Group acquires model builder D.M.S. to strengthen its systems expertise

Bergisch Gladbach, 8 November 2013 - In spite of weak economic activity in the eurozone, INDUS reached its sales and EBIT targets in the third quarter of 2013. After a moderate start to the year, the business situation improved notably as the year progressed. The EBIT margin for the third quarter climbed from 9.0% in Q1 and 9.4% in Q2 to 10.3% in the third quarter. Based on preliminary Group figures, sales revenues are expected to stand at approx. EUR 887 million as of the nine-month stage (previous year: EUR 830 million), while the preliminary operating result (EBIT) is expected to come in at EUR 85 million (previous year: EUR 81 million).

'Based on the good performance to date, we expect to generate an operating result of EUR 108 million to 110 million in the current fiscal year. Our sales revenues will increase significantly and reach between EUR 1.1 billion and 1.2 billion' said INDUS CEO Jrgen Abromeit.

New acquisitions strengthen the portfolio

With effect from 1 September 2013, the Kieback-Schfer Group, an INDUS investment in the Vehicle Engineering segment, today acquired D.M.S., Reichertshofen and Munich/Germany. D.M.S provides services to the automotive and commercial vehicle industry, ranging from concept development to clay and hard models and from event models to show cars. Key customers include BMW, MAN (trucks), Magna Steyr, VW, Schrter and, since recently, Chinese car maker Qoros. Employing approx. 20 people, the company will generate sales revenues of roughly EUR 6 million in 2013.

Headquartered in Osnabrck, the Kieback-Schfer Group develops pre-series functional, testing and cubing models and produces prototype parts for small series as well as for niche and special vehicles. The range of services is complemented by Designstudio KS Pollmann, a Schfer subsidiary. With the latest acquisition, the Kieback-Schfer Group will cover the complete development chain for the auto industry, from design to finished pre-series components. The Group will generate sales revenues of approx. EUR 30 million in 2013.

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PRESS RELEASE: Preliminary nine-month figures: INDUS confirms guidance

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