Windindustry.com

website for the windindustry

IWR Reuters News Center RTL 103 0347 1280 256

Press releases

Increase in Nordex Group


• 33.6% increase in new orders
• Acquisition of Acciona Windpower drives growth in South and North America
• Working capital ratio meeting 2016 target

Hamburg (renewablepress) - The order intake of the Nordex Group (ISIN DE000A0D6554) grew by 33.6% to EUR 3.30 billion in 2016 (2015: EUR 2.47 billion). The geographical distribution of 2016 orders mirrored the intended broadening of Nordex´ market footprint following the acquisition of Acciona Windpower effective 1 April 2016.

Consequently, the share of South and North American orders increased to 34% of the total 2016 order intake (2015: 10%). Orders from South American countries amounted to EUR 560 million, and the United States (US) contributed EUR 550 million of new orders. US volumes included EUR 170 million of “safe harbour” transactions with which Nordex secured tax incentives for its customers for wind farm construction in subsequent years. “Safe harbour” orders are expected to eventually result in additional orders that will exceed the originally contracted volume by a significant multiple.

Europe and Africa contributed 65% of total order volume (2015: 90%). Nordex cemented its strong position at home with new orders of more than EUR 1.17 billion in Germany (2015: EUR 915 million).

The achieved order intake for 2016 fell just under three percent short of the company´s full-year target following the postponement of a major order in South America.

Due to the strong year-end cash position Nordex will meet its working capital ratio target for 2016 of below 5 percent. The exact working capital ratio as well as other financial information will be released, when Nordex announces preliminary financial results for 2016 at the end of February.

Download press photo:
- https://www.iwrpressedienst.de/bilddatenbank/nordex/order-intake2016.jpg


Hamburg, 11 January 2017


Publication and Reprint free of charge; please send a voucher copy to Nordex SE.


Attention editorial offices: For further questions please contact

Media contact:
Ralf Peters
Telephone + 49 40 300 30 – 1522
E-Mail: mailto:rpeters@nordex-online.com


Nordex SE
Langenhorner Chaussee 600
22419 Hamburg

Internet: http://www.nordex-online.com




Press releases from the renewable energy industry delivered by Renewable Press
Please note: The publisher »DE813076467« is solely responsible for the content of this press release.