Nordex Announces Q4 Results for 2011 (Germany)

January 10, 2012

Wind turbine manufacturer Nordex recorded new orders of around EUR 400 million in the fourth quarter of 2011 (Q4/2010: EUR 306 million), translating into a 32 percent full-year increase in new business to EUR 1.1 billion in 2011 (2010: EUR 836 million). Originally, Nordex had projected growth of 20 percent to EUR 1 billion. In November 2011 following its favourable performance in the previous quarters, the Company raised its guidance for new business to the figure now reached.

Nordex particularly benefited from its strong position in the European markets, which accounted for around 77 percent of its order intake. A further 21 percent of new business came from the United States, where the group recorded a sharp increase in order receipts to EUR 191 million in the final quarter of the year in particular.

“On the strength of this good performance, we assume that the volume of firmly financed order backlog has risen from EUR 411 million in the previous year to EUR 700 million at the beginning of 2012,” says Thomas Richterich, CEO of Nordex. Nordex SE will be publishing its annual report for 2011 in April.

About Nordex

As one of the technological leaders in multi-megawatt wind power systems, Nordex is benefiting from the trend in favour of large-scale turbines. The range comprises one of the world’s largest series-produced wind power systems (N80/2500, N90/2500, N100/2500, N117/2400). To date, over 1,700 turbines of this type have been installed around the world. This experience with multi-megawatt turbines gives Nordex a decisive lead over most of its competitors. Nordex has installed more than 4,600 turbines with an aggregate capacity of around 7,100 MW worldwide. With exports accounting for over 95 percent of its business, Nordex SE also plays a key role in international high-growth regions. The Company has offices and subsidiaries in 19 countries around the world with a total global headcount of over 2,700 employees.

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Offshore Wind Staff, January 10, 2012 ; Image: nordex-online