The Nordex Group posted a 34.9% increase in sales to € 1,484 million in the first half of 2016, with organic growth of 18.6%. Acciona Windpower (AWP) was acquired in the second quarter of 2016 and consolidated from 1 April. In the second quarter, AWP contributed 53.6% of the Group’s order intake.
The regional focus of new orders was on Germany and the Americas. New orders in Nordex’s domestic market rose by 30% to € 525 million. Combined new business in North and South America amounted to € 288 million. Installed capacity rose by 91% to 1,165MW (previous year: 611MW). Organic growth before consolidation effects came to 76%. Rotor blade output climbed by 98% (76% organically), while turbine output was up 28% (15% organically). Earnings before interest, taxes, depreciation and amortisation rose by 55.4% to € 136.6 million (H1/2015: € 87.9 million), equivalent to an EBITDA margin of 9.2%. Consolidated net profit rose by 38.2% to € 51.0 million (H1/2015: € 36.9 million). The Management Board has raised its full-year earnings forecast for 2016 and now projects an EBITDA margin of between 8.3% and 8.7% (previously: greater than 7.5%). Sales are expected to increase to a total of € 3.35 - 3.45 billion in fiscal year 2016.
