Mediaboss Marketing

DGAP-News: Nordex SE / Key word(s): Preliminary Results/Final Results Nordex SE: Strong growth and return to profit in 2013

28.02.2014 / 08:23

=--------------------------------------------------------------------

Nordex SE: Strong growth and return to profit in 2013

- Sales up 33% to EUR 1,429 million

- Increase in order receipts to EUR 1.5 billion

- Turnaround in EBIT to EUR 44.3 million

- Net free cash inflow of EUR 23.8 million

- Substantial increase in net liquidity

Hamburg, 28 February 2014. On the basis of its provisional consolidated financial statements for 2013, sales of the Nordex Group (ISIN: DE000A0D6554) rose by around 33 percent to EUR 1,429.3 million (previous year: EUR 1,075.3 million), thus reaching the upper end of the Management Board's guidance range. Operating earnings also matched the Company's expectations, with earnings before interest and taxes (EBIT) amounting to EUR 44.3 million, equivalent to an EBIT margin of 3.0 percent. In the previous year, Nordex had sustained an operating loss of EUR 61.1 million on account of substantial non-recurring expenses arising from the restructuring of group operations in the United States and China.

See original here:
PRESS RELEASE: Nordex SE: Strong growth and return to profit in 2013