All Stories
Follow
Subscribe to Nordex SE

Nordex SE

euro adhoc: Nordex AG
Financial Figures/Balance Sheet
Nordex: Preliminary annual full year figures for 2005 better than expected Sales up 44%
EBIT before exceptionals positive

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
06.03.2006
According to preliminary calculations, the Nordex Group (ISIN:
DE000A0D6554) posted a 44% increase in full-year sales for fiscal
2005 to roughly EUR 309 million (2004: EUR 214 million). This was due
to greater than expected business volumes particularly in the strong
fourth quarter. During this period alone, Nordex increased its sales
by 126% to EUR 133.8 million (Q4/2004: EUR 59.2 million), benefiting
from a roughly 67% rise in order receipts and improved sourcing
management, thanks to which it was largely able to solve the delivery
shortfalls afflicting the industry in 2005.
For the first time, Nordex broke even at the EBIT level (before
exceptionals) last year, with earnings before interest, tax and
exceptionals coming to roughly EUR 0.3 million (2004: loss at the
EBIT level of EUR 21.7 million). Spurred by high capacity
utilization, EBIT before exceptionals in the fourth quarter improved
to EUR 9.4 million (Q4/2004: loss at EBIT level of EUR 3.3 million).
The exceptionals of EUR 5.4 million primarily relate to expenses in
connection with recapitalization, impairment charges on receivables
and warranty expenditure on older projects. Net loss for the year
fell by 74% to EUR 8.2 million (2004: EUR 32.1 million).
This year, the Company expects sales to rise to over EUR 400 million.
EBIT margin should come to around 2.5%. To this end, an
efficiency-boosting program was launched in spring 2005.
The Management Board will be presenting the audited annual financial
statements as well as detailed guidance for the coming years at the
analyst and press conference on April 5, 2006 in Frankfurt.
end of announcement                               euro adhoc 06.03.2006 07:45:51

Further inquiry note:

Ralf Peters
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

Original content of: Nordex SE, transmitted by news aktuell

More stories: Nordex SE
More stories: Nordex SE
  • 04.01.2006 – 11:53

    euro adhoc: Nordex AG / other / Nordex reporting 67% increase in new business

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 04.01.2006 Rise in order receipts in 2005 to EUR 395 million / customer orders for 219 turbines with a total capacity of 416 MW Hamburg, January 4, 2006. Nordex AG exceeded its forecast for new business in 2005, after raising its guidance as ...