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Quarterly statement: Nordex SE with improved profitability and earnings

DGAP-News: Nordex SE / Key word(s): Quarterly / Interim Statement/Quarter
Results
Quarterly statement: Nordex SE with improved profitability and earnings

23.05.2016 / 07:55
The issuer is solely responsible for the content of this announcement.

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- Increase in gross margin to 25.1%

- EBITDA up by just under 57% to over EUR 59 million

- Consolidated net profit of EUR 25.5 million.

Hamburg, 23 May 2016. Underpinned by a significant increase in production
and installation figures, Nordex SE (ISIN: DE000A0D6554) entered 2016 with
strong top-line growth. Sales rose by 28.3% to EUR 637.0 million (Q1 2015:
EUR 496.5 million).

However, the other financial performance indicators rose substantially more
quickly. Thanks to a gross margin of 25.1% (Q1 2015: 22.0%), profitability
measured in terms of EBITDA rose by just under 57% to EUR 59.1 million (Q1
2015: EUR 37.7 million). As a result, the EBITDA margin widened by 1.7
percentage points to 9.3% (Q1 2015: 7.6%). The EBIT margin came to 7.1% (Q1
2015: 5.0%).

Consolidated net profit climbed by over 72% to EUR 25.5 million (Q1 2015:
EUR 14.8 million), translating into earnings per share of EUR 0.31 (Q1
2015: EUR 0.18).

At 0.7%, the working capital ratio was up on the previous year (Q1 2015:
-4.8%) but still well below the target of < 5%. The equity ratio came to
31.2% and was thus unchanged over the previous year.

"We entered the year on a dynamic note and are now commencing the
integration phase with Acciona Windpower on a solid footing," said Chief
Financial Officer Bernard Schäferbarthold.

The first consolidated report including the activities of Spanish
subsidiary Acciona Windpower, which merged with the Nordex Group in April
2016, will be published on 28 July 2016.

Selected performance indicators at a glance

Indicator                 Q1 2016            Q1 2015            Change
Sales in EUR million      637.0              496.5              28.3%
Firm order intake (EUR    541.0              644.1              -16.0%
million)
EBITDA margin (%)         9.3                7.6                +1.7 pp
EBIT margin (%)           7.1                5.0                + 2.1 pp
Consolidated net profit   25.5               14.8               +72.3%
(EUR million)
Earnings per share        0.31               0.18               +72.2%
(EUR)*
Working capital ratio     0.7                -4.8               + 5.5 pp
(%)
Equity ratio (%)          31.2               31.2               Unchanged

* based on 80.9 million shares

The information reproduced in this press release has not been audited or
undergone any limited review.



About Nordex
The Nordex Group
The Group has installed wind power capacity of more than 18 GW in over 25
markets. In 2015, Nordex and Acciona Windpower recorded combined sales of
EUR 3.4 billion. The Company currently has over 4,800 employees. The
production network comprises plants in Germany, Spain, Brazil, the United
States and soon also India. The product range primarily concentrates on
onshore turbines in the 1.5 - 3MW class addressing the requirements of
developed as well as emerging markets.

For more information, please contact:
Nordex SE
Ralf Peters / Oliver Kayser
Telephone + 49 40 300 30 - 1000
[e-mail]


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23.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Nordex SE
Erich-Schlesinger-Straße 50
18059 Rostock
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.nordex-online.com
ISIN: DE000A0D6554
WKN: A0D655
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX


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465633 23.05.2016