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Nordex SE

euro adhoc: Nordex AG
Earnings Forecast
Guidance for fiscal 2006 raised Record order book thanks to EUR 263 million of new business in the first quarter / revenues to grow by 50% in 2006

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
04.04.2006
With the presentation of its final annual financial statements for
fiscal 2005, the Nordex Group (ISIN: DE000A0D6554) has raised its
guidance for 2006. Accordingly, it now expects order receipts and
sales to rise by 50% to EUR 600 million and EUR 460 million,
respectively (2005: EUR 395 million and EUR 309 million,
respectively). The previous targets had been for new business of EUR
450 million and sales of EUR 400 million. The Company now projects an
EBIT margin of 3.0%; previous  2.5% (2005: - 1.6%).
The main reason for the higher full-year targets is the further
improvement in orders at the end of the first quarter. Between
January and March 2006, Nordex received new orders worth around EUR
263 million, more than ever before in a single quarter. Earnings will
improve particularly as a result of expected higher capacity
utilization and the higher price quality of new projects. For this
reason, the medium-term sales and earnings forecasts are to be
revised over the next few weeks.
The preliminary annual financial statements released on March 6, 2006
have since received an auditor’s certificate and have been approved
by the Supervisory Board. According to these figures, Nordex’s sales
rose by 44% to around EUR 309 million in 2005 (2004: EUR 214
million), benefiting from a roughly 67% rise in order receipts and
improved sourcing management, thanks to which it was largely able to
avoid the delivery shortfalls afflicting the industry in 2005.
For the first time, Nordex broke even at the EBIT level (before
exceptionals) again 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). Net loss for the year contracted by
74% to EUR 8.2 million (2004: EUR 32.1 million).
The Management Board will be presenting the audited annual financial
statements as well as detailed guidance for this year at the annual
press and analyst conference on April 5, 2006 in Frankfurt.
end of announcement                               euro adhoc 04.04.2006 17:34:11

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 von: Nordex SE, übermittelt durch news aktuell

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