EANS-News: Nordex returns to operating profit

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Financial Figures/Balance Sheet/Interim Report of the Nordex Group 9M
2012

Subtitle: • Increase in EBIT to EUR 15.4 million in the third quarter
• Sales up 7% to EUR 715.5 million • Management Board confirms and
narrows guidance within the forecast range • Additional expense
caused by supplier issues • Postponed new orders received in Q4 •
Order book secures 2012 sales target

Hamburg (euro adhoc) - Hamburg, 13 November 2012. In the first nine
months of the current year, the Nordex Group (ISIN: DE000A0D6554)
posted a 7 percent increase in sales to EUR 715.5 million (2011: EUR
668.2 million). Business in Europe, which is the company's most
important region, rose in particular, with sales climbing by 16
percent. With business volume EUR 294.4 million, the third quarter
was the strongest in the year to date and was up by 11 percent on the
previous year.

Earnings before interest and taxes (EBIT) rose by 63% to EUR 15.4
million in the third quarter (Q3/2012: EUR 9.4 million), due to
improved capacity utilisation. Consolidated net profit for the
previous quarter amounted to EUR 7.7 mil-lion (previous year: EUR 3.4
million). Nordex was thus able to fully recoup the loss which had
arisen in the first half of the year, achieving operating earnings
(EBIT) of EUR 2.3 million as of the reporting date (30 September
2011: EUR 11.0 million). A substantial profit was earned in the
Europe segment, whereas the operating loss in Asia widened, while
Nordex USA came close to breaking even.

A reduction of around 6 percent in structural costs without
depreciation during the first nine month of the year also played a
material role in the company's return to profit. With staff costs
nearly unchanged, other operating expenses net of other operating
income declined by around EUR 10 million.

The balance sheet as of 30 September 2012 shows a high equity ratio
of 33.6 percent. As expected, liquidity contracted due to the work
commenced on turbines for short-term projects and related procurement
activities. Cash and cash equivalents amounted to EUR 120.3 million
as of the reporting date. This trend is also reflected in working
capital, with the working capital ratio rising to 24 percent (31
December 2011: 27.7%) during the year. Net cash outflow from
operating activities amounted to EUR 32.7 million (30 September 2011:
net cash outflow of EUR 62.8 million).

At EUR 640.4 million as of 30 September 2012, order receipts were
almost 10 percent down on the same date of the previous year due to
the postponement of a number of major projects as well as regulatory
uncertainties in some markets. As Nordex received some of these
delayed contracts in October and November, the Group's new business
is now up on the previous year. Firm orders amounted to EUR 735.1
million as of the reporting date (previous year: EUR 515 million) and
thus ensure that the full-year sales target for 2012 will be
achieved. In addition, Nordex had gained further conditional
contracts valued at roughly EUR 1.6 billion (previous year: EUR 1.4
billion).

The Management Board continues to expect that sales will grow to EUR
1.0 - 1.1 billion this year. With respect to operating earnings, it
now expects the lower end of the target range to be reached. In view
of delays in the delivery of externally sourced towers and rotor
blades, which caused unforeseen additional expense, Nordex now
projects a full-year EBIT margin of around 1 percent, down from the
corridor of 1-3 percent previously indicated by the Board.

Nordex is optimistic that it will be able to reach the upper end of
the original forecast range for order intake, equivalent to new
business of up to EUR 1.1 billion (previous year: EUR 1.1 billion).

(EUR million) 9M/2012 9M/2011 Q3/2012 Q3/2011
Sales 715.5 668.2 294.4 264.9
Structural costs without depreciation 149.3 158.4 54.6 48.6
EBIT 2.3 11.0 15.4 9.4
Consolidated profit/loss -15.6 -0.6 7.7 3.4

For more information, please contact:

Nordex SE

Ralf Peters
Telephone + 49 40 300 30 - 1000
rpeters@nordex-online.com

Further inquiry note:
Oliver Kayser
Investor Relations Manager
Tel.: +49 (0)40 30030-1024
E-Mail: okayser@nordex-online.com

end of announcement euro adhoc
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company: Nordex SE
Langenhorner Chaussee 600
D-22419 Hamburg
phone: +49 (0)40 30030-1000
FAX: +49 (0)40 30030-1101
mail: info@nordex-online.com
WWW: http://www.nordex-online.com
sector: Alternative energy
ISIN: DE000A0D6554, DE0000A0D66L2
indexes: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English