The Nordex Group recorded order receipts of € 280 million, an increase of 60% over the previous year (€ 175 million). In the third quarter alone, new business doubled. As of September 30, 2005, order books had risen in value by 88% to € 261 million (previous year: € 139 million).
Heightened demand was already reflected in an increase in business volumes. Sales in the current year have risen by 13 percent to € 175.2 million (previous year: € 154.9 million). As of September 30, 2005, total revenues climbed by 21 % to € 187.6 million (previous year: € 155.4 million).
In the third quarter Nordex posted an operating profit (before exceptionals) of € 0.1 million for the first time again (previous year: loss of € 6.2 million). The net loss for the current fiscal contracted by 40 % to € 14.6 million (previous year: € 24.4 million) and came to only € 0.6 million (previous year: € 9.6 million) in the third quarter.
The company expects to achieve net profit for 2006. As it has reserved the necessary volumes with its suppliers at an early stage, deliveries of the necessary core components have for the most part been secured for 2006. With order receipts budgeted at a figure of at least € 450 million, management projects business volumes of over € 400 million and an EBIT margin of 2.5 %. The margin is to be widened on a sustained basis by 2008 via a cost-cutting program commenced in the spring. Roughly 15 % of the planned activities have already been implemented.
The company expects to achieve net profit for 2006. As it has reserved the necessary volumes with its suppliers at an early stage, deliveries of the necessary core components have for the most part been secured for 2006. With order receipts budgeted at a figure of at least € 450 million, management projects business volumes of over € 400 million and an EBIT margin of 2.5 %. The margin is to be widened on a sustained basis by 2008 via a cost-cutting program commenced in the spring. Roughly 15 % of the planned activities have already been implemented.
