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    DGAP-Adhoc  439  0 Kommentare Nordex SE expects almost stable margin despite lower revenue in 2017





    DGAP-Ad-hoc: Nordex SE / Key word(s): Forecast


    Nordex SE expects almost stable margin despite lower revenue in 2017


    23-Feb-2017 / 16:59 CET/CEST


    Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


    The issuer is solely responsible for the content of this announcement.



    Hamburg, 23 February 2017. During a review of the budget for the financial
    year 2017 and the medium-term target 2018, the Management Board of Nordex
    SE (ISIN: DE000A0D6554) concluded today that revenue this year is likely to
    amount to 3.1 to 3.3 billion Euros. Reduced expectations for business in
    certain core markets are the reasons for a lower revenue expectation in
    2017 compared to 2016 and the previous budget.

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    The EBITDA-margin in 2017 is, however, expected to remain almost stable,
    compared with the margin of 8.3% expected for 2016. The target range for
    the operating margin is 7.8% to 8.2%. Nordex is targeting revenue of 3.4 to
    3.6 billion Euros in 2018 and an unchanged EBITDA margin compared to the
    previous year.

    Despite lower capacity utilization, the Management Board expects that the
    EBITDA margin will remain almost stable as stated above. The main basis for
    this development is the internal programme to reduce the cost of energy
    (COE), which Nordex is using to counteract the pricing pressure. In
    addition, Nordex expects synergy benefits from the acquisition of Acciona
    Windpower and the almost complete lack of non-recurring expenses, which
    reduced earnings in 2016.

    The Management Board will publish preliminary results for 2016 and further
    details on the outlook for the financial year 2017 and the targets for 2018
    on 1 March. The work currently underway to prepare the accounts for the
    financial year 2016 suggests that financial key figures will be in line
    with guidance. Guidance was for revenue of 3.35 billion Euros, an EBITDA
    margin of 8.3% and a working capital ratio of under 5%.

    Lars Bondo Krogsgaard, CEO, and Christoph Burkhardt, CFO, will be available
    to discuss this announcement on a conference call this evening at 5:45 pm
    CET.

    Phone number: +49 (0)69 22 22 13 420

    Pin Code: 50 87 010


    Ansprechpartner für Rückfragen:

    Nordex SE

    Ralf Peters

    Telefon: 040 / 300 30 - 1522

    rpeters@nordex-online.com









    23-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de































    Language: English
    Company: Nordex SE
    Erich-Schlesinger-Straße 50
    18059 Rostock
    Germany
    Phone: +49 381 6663 3300
    Fax: +49 381 6663 3339
    E-mail: info@nordex-online.com
    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, Tradegate Exchange





     
    End of Announcement DGAP News Service



    547275  23-Feb-2017 CET/CEST







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    DGAP-Adhoc Nordex SE expects almost stable margin despite lower revenue in 2017 DGAP-Ad-hoc: Nordex SE / Key word(s): Forecast Nordex SE expects almost stable margin despite lower revenue in 2017 23-Feb-2017 / 16:59 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS …

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