The Nordex Group has released its guidance for fiscal 2007 in greater detail. Next year, the wind turbine producer plans to roughly double its EBIT margin to 6 per cent.
For 2006, it is seeking a margin of at least 3 per cent. At the same time, sales in 2007 are to climb by roughly 50 per cent to more than € 750 million (estimate for 2006 is more than € 500 million) thanks to the sharp rise in international demand for the Company's multi-megawatt turbines. Next year, sales and earnings are to be increased step by step. Thus, a business volume of around € 230 million is budgeted for the third quarter. Thereafter, the Group will scale back output to prepare its production facilities for the sales volume of € 1 billion planned for 2008.
Nordex's international expansion plans will be initially concentrating on Europe excluding Germany. Sales potential here is sufficient to ensure annual growth of up to 60 per cent in the medium term. In addition, Nordex has set itself the goal of achieving double-digit margin growth in all core regions. It will be reaching this goal in Europe for the first time next year. In the long term, it also wants to generate significant business volumes in Asia and North America.
