The Hamburg-based company, which focuses primarily on onshore turbines, saw its sales rise 52% to €1.1bn ($747m) for the year, passing the €1bn milestone for the first time. Earnings before interest and taxes (EBIT) grew 58% to €63m.
But Nordex says that while it expects to see similar revenue growth in 2009, it will not be able to match its increase in profitability, as the high upfront cost of turbines forces many recession-stricken companies to delay or put off purchases.
“Our
