Posted by: Windfair Editors
Nordex Publishes Financial Statements for 2016
Official Press Release Nordex:
Nordex closes 2016 in line with guidance
Sales up 40% to EUR 3.4 billion / Increase in EBITDA margin to 8.4% / Order book up 47% to EUR 3.9 billion / Cash flow of EUR 144.4 million from operating activities
On the basis of its provisional consolidated financial statements for 2016, the Nordex Group (ISIN: DE000A0D6554) achieved its targets. Sales climbed by 40% to EUR 3.4 billion, including sales of EUR 726 million contributed by the new subsidiary Acciona Windpower (AWP), which was consolidated from 1 April 2016 following the acquisition. The main sales driver was Europe with EUR 2.3 billion, equivalent to a share of 69%. The share accounted by the Americas increased sharply to 22% (2015: 11.7%). This success is materially due to the new subsidiary AWP, which holds a strong position in these growth markets.... ... More: Official Press Release Nordex
