Net profit fell from €13.4m last year to €2.3m in 2009, due primarily to borrowing costs and higher taxes.
The major source of earnings and revenue growth for Nordex has been the US. In the first half of 2008 the US market accounted for 1% of the company’s sales – a figure that rose to 12% in 2009. Business in Europe remained stable, accounting for 80% of total sales.
“With
