Nordex SE presented its medium-term strategic targets for the period through 2018. These plans are based on the assumption that it will be able to merge its operating business with that of Acciona Windpower (AWP) at the beginning of 2016.
Nordex has already applied for antitrust clearance of the acquisition of AWP and clearance by these competition authorities is expected in Q1/2016. The overarching goal being pursued by the new and larger Nordex SE will be to achieve a substantial reduction in the cost of energy from wind power. The cost of energy is to be lowered by 15 - 18% by 2018 through more efficient turbines and reduced product costs. This will be one of the key levers for increasing sales to the target mark of EUR 4.2 - 4.5 billion over the next three years. The two companies, which are currently still operating separately, are targeting sales of EUR 2.4 billion (Nordex) and EUR 1.0 billion (AWP) in 2015. The Management Board expects that, as a joint entity, the group will be able to achieve an EBITDA margin of over 10% by 2018, including around 60% of the synergy benefits of € 95 million per year expected from 2019 onwards.
