In the third quarter of 2015 Nordex recorded strong growth in its business, with sales in this period (1 July - 30 September 2015) climbing by more than 50% to € 685.8 million (Q3/2014: € 451.2 million). Over the first nine months of 2015, business rose by 41%, with a sales increase to € 1.786 billion (9M/2014: € 1.267 billion).
This performance was particularly underpinned by demand in Europe and South Africa, which accounted for a total of 88% of sales. Nordex generated a further 12% of its business in the Americas. This growth is also reflected in production. Thus, turbine assembly output rose by around 43% to 1,539 MW (9M/2014: 1,076 MW). At the same time, Nordex’s operating earnings improved, with earnings before interest and taxes (EBIT) rising by just under 63% to € 97.6 million in the first nine months of 2015 (9M/2014: € 59.9 million). In the third quarter of 2015, EBIT climbed to € 36.1 million (Q3/2014: € 22.8 million). Consolidated net profit increased by 62% to € 45.4 million in the period under review (9M/2014: € 28.0 million). Order intake rose by 57% to € 1,964.0 million in the period under review (9M/2014: € 1,253.2). Consequently, orders on hand climbed by 32% to just under € 1.8 billion as of 30 September 2015. The Management Board is raising its sales targets for the current year to € 2.3 - 2.4 billion (previously € 1.9 - 2.1 billion).Nordex is also lifting its order intake target to € 2.3 - 2.4 billion (previously: € 2.1 - 2.3 billion). In addition, the operating margin is still expected to increase to 5.0 - 6.0%.
