DGAP-Adhoc
Nordex SE expects almost stable margin despite lower revenue in 2017
DGAP-Ad-hoc: Nordex SE / Key word(s): Forecast
Hamburg, 23 February 2017. During a review of the budget for the financial |
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 |
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547275 23-Feb-2017 CET/CEST