Nordex sales up 57% for first-half 2013

The Nordex Group (ISIN: DE000A0D6554) posted a 57% increase in sales to around EUR 661 million in the first half of 2013 (H1/2012: EUR 421 million).

This positive trend reflects growing business in Europe, where Nordex generated 93% (H1/2012: 80%) of its sales. At the same time, the proportion of business from America and Asia taken together declined.

This good operating performance is also attributable to the substantially greater production output and turbine installation.

Thus, production of turbines rose 93% to 657.2 megawatts (MW), while the capacity of newly installed turbines doubled almost to 560.8 MW.

Earnings before interest and taxes (EBIT) improved significantly to EUR 15 million (H1/2012: loss of EUR 13.1 million at the EBIT level), materially under-pinned by increased productivity, the successful marketing of new turbines and technical solutions and various cost-cutting efforts. These included, for example, a further reduction in product costs (