euro adhoc: Nordex AG / quarterly or semiannual financial statement / Nordex with a triple-digit increase in profits and sales Sales up 113% to EUR 373 million / EBIT of EUR 12.1 million

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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23.11.2006

In the first nine months of the current fiscal year, the Nordex Group
(ISIN: DE000A0D6554) generated a 113 percent increase in sales to EUR
373 million (previous year: EUR 175 million). This performance was
particularly underpinned by the sharp growth in export business, with
roughly 75 percent of sales generated in Europe excluding Germany as
well as Asia (previous year: 52%). This was accompanied by similar
growth in order receipts. The portfolio of firm and conditional
orders is valued at EUR 763 million. New business widened by 84
percent to EUR 515 million (previous year: EUR 280 million).

Earnings before interest and tax (EBIT) rose by 200% to EUR 12.1
million (previous year: loss of EUR 12.3 million). In the third
quarter, the EBIT margin stood at 3.4%. This improvement in earnings
is primarily due to full capacity utilization. This year, Nordex has
widened its turbine output by around 155 percent to 426 MW (previous
year: 167 MW). Net income for the period rose to roughly EUR 6.4
million (previous year: loss of EUR 14.6 million).

As of the balance sheet date, the equity ratio stood at 37 percent,
up from 27 percent, with cash and cash equivalents rising by EUR
88.5 million to EUR 108 million. This was materially due to the
equity issue completed in May, high advance payments received from
customers for current projects and reservation fees for future
projects. The ratio of advance payments received (including
reservation fees) expanded from 97 percent to around 112 percent.
This had a positive effect on the working capital ratio as well as
operating cash flow. The working capital ratio before reservation
fees contracted to 12.5 percent as of September 30, 2006 (December
31, 2005: 14.5%). Cash flow from operating activities climbed to EUR
28.5 million (December 31, 2005: outflow of EUR 24.9 million).

As of the balance sheet date, the Group is well on track to meeting
its full-year target of sales of more than EUR 500 million and an
EBIT margin of over 3 percent. Turning to fiscal 2007, the Management
Board is still aiming for operative growth of around 50 percent and
an improvement in profitability.

Nordex will be providing detailed guidance for next year during a
telephone conference in December. The Management Board will be
presenting details of the Group's business performance on November
28, 2006 at Deutsche Börse's Eigenkapitalforum in Frankfurt.

end of announcement euro adhoc 23.11.2006 07:55:14
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Ralf Peters
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


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