Buoyant Nordex ups 2014 guidance

Nordex is upping its blade production capabilities

The outlook is sunny for Nordex's 2014 sales

German wind turbine manufacturer Nordex has raised its guidance for this year after a strong first quarter in which sales and orders surged, as the company returned to a net profit compared to a year earlier.

The Nordex management board now expects full-year sales in 2014 ranging from €1.5 ($2.06bn) to €1.6bn, which is €100m more than previously seen.

The company also expects the margin on its earnings before interest and taxes (Ebit margin) to reach 4% to 5%, up on the previous guidance of 3.5% to 4.5%.

Sales at the turbine maker soared by 64% to €424.5m in the first quarter from a year earlier.

The bulk of sales, or 71%, still came from the EMEA region. But sales in the Americas and Asia also developed exceptionally well during the quarter, reaching €124.1m, up from only €30.8m in the year-earlier period.

Successful marketing in Europe helped boost order intake by 71% to €562m in the first quarter.

Nordex reached a consolidated net profit of €9.1m in the first quarter, reverting from a net loss of €8.4m a year earlier, helped by cost-cutting measures and the execution of more profitable orders.

The company’ N117/2400 machine remained its top-selling turbine, accounting for 34% of sales. But its Generation Delta machines, launched only last year, also already contributed to 22% of orders.

UMaine to test 56-meter blade

02 September 2014 07:42 GMT

Brazil postpones A-5 tender

02 September 2014 01:58 GMT

Brazil approves QGER wind start-up

02 September 2014 05:21 GMT

Warnings on UK funding mechanism

02 September 2014 03:56 GMT

TenneT: Offshore lag continues

02 September 2014 03:16 GMT

Two extra years for Kriegers Flak

02 September 2014 03:07 GMT

Move on Brazilian local content

02 September 2014 10:59 GMT

Heritage fears sink wind project

02 September 2014 12:07 GMT

250MW of Polish wind sold

02 September 2014 11:41 GMT

JDR nets Dudgeon cable deal

02 September 2014 11:16 GMT

INTERVIEW: Hermann Albers, BWE

02 September 2014 09:05 GMT

Atlantic Array data made public

02 September 2014 09:46 GMT

IN DEPTH: Europe's wind capital

02 September 2014 09:15 GMT

Vestas gets 58MW Poland order

01 September 2014 05:44 GMT

IN DEPTH: UK offshore game-changer

02 September 2014 09:12 GMT

Glennmont round raises €500m

01 September 2014 04:34 GMT

Scots grant licence for EOWDC

01 September 2014 03:00 GMT

IN DEPTH: Siemens' bid to stay top

01 September 2014 09:13 GMT

Aikengall extension opposed

01 September 2014 02:31 GMT

Drive to cut UK offshore costs

01 September 2014 01:21 GMT

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login


Recharge Monthly Magazine