In the first quarter of 2008, the Nordex Group achieved a 50 per cent increase in total revenues to € 231 million (previous year: € 154 million).
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In line with expectations, sales rose by 32 per cent to € 199 million (previous year: € 151 million), underpinned by the commencement of work on numerous projects in preparation of the high construction volumes expected for the second half of the year. Unfinished goods increased by € 32 million, reflecting the rise in production output. Thus, turbine assembly output rose by 59 per cent to 210MW (previous year: 132MW). Earnings before interest and taxes climbed by 18 per cent to € 6.6 million (previous year: € 5.6 million). As a result, the return on sales stood at 3.3 per cent (previous year: 3.7 per cent). Net income for the period rose by 21 per cent to € 5.7 million (previous year: € 4.7 million). For 2008 as a whole, Nordex continues to forecast sales of € 1.1 billion and a margin of 7 per cent.
