Nordex reporting a double-digit increase in sales and earnings

• 46 percent increase in total revenues to EUR 484 million
• 20
percent improvement in EBT to EUR 17.7 million
• Increase to EUR
12.2 million in cash flow from operating activities
• Margin
expected to widen to 5.5 - 6.0 percent on sales of EUR 1.1 billion in
2008

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finances/Figures for the first half 2008

Norderstedt (euro adhoc) - In the first half of 2008, the Nordex
Group (ISIN: DE000A0D6554) achieved a 44 percent increase in sales to
EUR 466 million (previous year: EUR 323 million). Total revenues rose
by 46 percent to EUR 484 million (previous year: EUR 332 million),
with production output rising by the same rate. In the period under
review, turbine assembly output climbed by 48% to 490 MW (previous
year: 332 MW). With an export ratio of 95%, this favorable business
performance was materially underpinned by strong non-domestic demand.

Earnings before taxes (EBT) rose by 20 percent in the period under
review to EUR 17.7 million (previous year: EUR 14.7 million). As
expected, profit thus did not rise as quickly as sales. This was due
to the high volume of expenses on extensions to production capacity
and new non-domestic companies. Property, plant and equipment
increased by around EUR 24 million primarily as a result of the
extensions to the Rostock facility. The headcount climbed by 48
percent to 1,857 (previous year: 1,255) primarily as a result of the
establishment of new structures in growth markets such as Italy, the
UK, China and the United States.

Net financial result improved to plus EUR 1.5 million (previous year:
minus EUR 0.5 million) thanks to the high net liquidity of EUR 190
million. With the tax rate increasing to 24 percent (previous year:
7.7 percent), the net income for the period of EUR 13.4 million was
on a par with the year-ago figure.

The working capital ratio came to 4.8 percent (previous year: 9.8
percent). The increase of EUR 446 million in working capital chiefly
resulted in a net inflow of cash from operating activities of EUR
12.2 million (previous year: net outflow of EUR 39.2 million).

The value of order books as of June 30, 2008 rose by 94 percent to
around EUR 3.3 billion (previous year: EUR 1.7 billion) and comprises
firm orders of EUR 1.3 billion and master contracts of EUR 2.0
billion. For 2008 as a whole, Nordex continues to forecast sales of
EUR 1.1 billion and profit of EUR 60 - 66 million, equivalent to a
target margin of 5.5 to 6.0 percent. Says Thomas Richterich, CEO of
Nordex AG: "We have laid the foundations for increasing our sales and
earnings by 50% in 2008. This makes us one of the fastest growing
companies in our industry and allows us to secure strategically
important potential which we will be able to tap in the future."

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Ralf Peters

Head of Corporate Communication

Tel.: +49 (0)40 50098 522

rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade