London: German wind turbine manufacturer Nordex has reported strong revenues and order growth in the fourth quarter of 2010. Nordex reported total revenues of just over €1bn ($1.4bn) in 2010, compared to €1.14bn in 2009. However, it says that cash flow from operating activities doubled to €20.3m, while its earnings- before-interest margin increased to 4% from 3.5%.
New orders rose by 14% to €836m, from €737m in 2009.
