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Nordex SE: 2016 financial statements confirm preliminary figures

DGAP-News: Nordex SE / Key word(s): Final Results Nordex SE: 2016 financial statements confirm preliminary figures 30.03.2017 / 08:06 The issuer is solely responsible for the content of this announcement.

Nordex SE: 2016 financial statements confirm preliminary figures


Hamburg, 30 March 2017. The certified financial statements published by Nordex SE today confirm the preliminary figures for the 2016 financial year as announced on 1 March. This means that the Group has met all its targets for revenue and earnings. Group revenues increased by 40 percent to EUR 3.4 billion while the EBITDA margin improved to 8.4 percent (2015: 7.5%). The order backlog including service contracts grew by 47 percent to EUR 3.9 billion.

The working capital ratio amounted to 4.1 percent on the balance sheet date, likewise within the target bandwidth. Excluding the acquisition of the Acciona Windpower (AWP) subsidiary, which has been in a process of consolidation in the Group since 1 April 2016, the free cash flow came to EUR 51 million. The operating cash flow stood at EUR 144 million.

In addition, in April for the first time the Group will be publishing a separate sustainability report for the year 2016.

The complete 2016 Annual Report can be downloaded under the following link:
http://www.nordex-online.com/en/investor-relations/publications.html

 

The Nordex Group - a profile

The Group has installed more than 21 GW of wind energy capacity in over 25 markets and in 2016 generated revenues of EUR 3.4 billion. The company currently employs a workforce of approx. 5,000. The joint manufacturing capacity includes factories in Germany, Spain, Brazil, the United States and India. The product portfolio is focused on onshore turbines in the 1.5 to 3.6 MW class, which are tailor-made for the market requirements in developed and emerging markets.

For more information, please contact:


Nordex SE

Ralf Peters

Phone: +49 (0)40 / 300 30 - 1522

[e-mail]

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30.03.2017 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, Tradegate Exchange

End of News	DGAP News Service

559965  30.03.2017