Nordex SE

EANS-News: Nordex reporting consolidated net profit and a slight increase in sales

• Rise in annual sales to EUR 1,183 (1,136) million • Increase of EUR 48 million in liquidity to EUR 160 million • Cash inflow of EUR 9.6 million from operating activities reversing the previous year’s net outflow of EUR 59.5 million

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Financial Figures/Balance Sheet/Preliminary full-year figures for 2009

Subtitle: • Rise in annual sales to EUR 1,183 (1,136) million • Increase of EUR 48 million in liquidity to EUR 160 million • Cash inflow of EUR 9.6 million from operating activities reversing the previous year’s net outflow of EUR 59.5 million

Norderstedt (euro adhoc) - Amidst generally weak market conditions, the Nordex Group (ISIN: DE000A0D6554) again achieved an increase in sales in 2009 according to preliminary calculations, closing the year with a substantial net consolidated profit. Consolidated sales climbed to EUR 1,183 million (previous year: EUR 1,136 million). As expected, however, earnings before interest and taxes (EBIT) declined to EUR 40 million (previous year: EUR 63 million) due to higher structural costs. Accordingly, the personnel expense ratio widened from 6.9 percent to 9.2 percent. In the fourth quarter of 2009, Nordex achieved a EBIT margin of 5.3 percent for capacity utilization reasons on sales of EUR 369 million. Consolidated net profit for fiscal year 2009 came to EUR 24.2 million (previous year: EUR 49.5 million).

As a result, the equity ratio rose from 38 percent to around 41 percent as of the balance sheet date. At the same time, liquidity climbed by 43 percent to around EUR 160 million. Nordex was able to achieve a net cash inflow of EUR 9.6 million from operating activities primarily as a result of destocking (previous year: net cash outflow of EUR 59.5 million from operating activities).

The Management Board will be announcing the final figures for 2009 and providing an updated outlook for the current year at its annual press confe-rence and the analyst conference in Frankfurt on April 19, 2010.

end of announcement                               euro adhoc
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Further inquiry note:

Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 300 30 15 22
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share,
ÖkoDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Original-Content von: Nordex SE, übermittelt durch news aktuell

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