Ad hoc-Meldung: Nordex: Preliminary full-year figures for 2007

- Total revenues up to EUR 800 million / EBIT more than doubled

Hamburg - Based on preliminary calculations, the Nordex Group (ISIN: DE000A0D6554) posted a 45% increase in full-year sales for fiscal 2007 to roughly EUR 747 million (previous year: EUR 514 million). Accordingly, it again grew more quickly than the market, which expanded by roughly 30%. Turbine assembly output rose by 37% to around 800 MW (previous year: 584 MW) in line with expectations, while rotor blade production surged by as much as 69% to 370 MW (previous year: 219 MW). This is also reflected in the increase in total revenues to EUR 800 million (2006: EUR 552 million).

Earnings before interest and taxes (EBIT) rose by around 140% to EUR 40 million (previous year: EUR 16.6 million). Accordingly, the return on sales widened from 3.2% to 5.4%. Cash and cash equivalents increased by 61% to EUR 213 million, with net cash inflow from operating activities coming to EUR 26 million. Despite the strong growth, Nordex improved the working capital ratio further to 2.1% (2006: 2.3%) as of the balance sheet date.

The growing demand for multi-megawatt turbines in the global market is also mirrored in Nordex’s new business. Order receipts in fiscal 2007 climbed by 60% to around EUR 1.2 billion (previous year: EUR 767 million), with roughly 94% of new orders coming from outside Germany. All in all, order books rose by 140% to EUR 2.9 billion (2006: EUR 1.2 billion) and comprise firm orders of EUR 1.0 billion (2006: EUR 513 million) and conditional orders of EUR 1.9 billion (2006: EUR 674 million). This is sufficient to ensure that Nordex can meet its revenue targets in full in both 2008 and 2009.

In the medium term, management projects top-line growth of an average of 50% per year. Profitability is to continue improving primarily by harnessing economies of scale. The Management Board will be releasing the full annual report as well as detailed guidance for the current fiscal year upon the completion of the financial statements.


Hamburg, 08 February 2008


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Attention editorial offices: For further questions please contact Mr. Ralf
Peters, Nordex AG.

Bornbarch 2
22848 Norderstedt
Tel: 040/500 98 100
Fax: 040/500 98 333
E-mail: rpeters@nordex-online.com
Internet: http://www.nordex-online.de

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