Nordex aiming to double margins in 2007

Hamburg, December 19, 2006. The Nordex Group (ISIN: DE000A0D6554) has released its guidance for fiscal 2007 in greater detail. Next year, the wind turbine producer plans to roughly double its EBIT margin to 6 percent. For 2006, it is seeking a margin of at least 3 percent. At the same time, sales in 2007 are to climb by roughly 50 percent to more than EUR 750 million (2006e: more than EUR 500 million) thanks to the sharp rise in international demand for the Company’s multi-megawatt turbines. Between January and November 2006, Nordex received new orders worth roughly EUR 700 million. In addition, it has been able to sign contracts to secure numerous projects. At the same time, the share of foreign business has widened to 85 percent.

Next year, sales and earnings are to be increased step by step. Thus, a business volume of around EUR 230 million is budgeted for the third quarter. Thereafter, the Group will scale back output to prepare its production facilities for the sales volume of EUR 1 billion planned for 2008.

Nordex’s international expansion plans will be initially concentrating on Europe excluding Germany. Sales potential here is sufficient to ensure annual growth of up to 60 percent in the medium term. In addition, Nordex has set itself the goal of achieving double-digit margin growth in all core regions. It will be reaching this goal in Europe for the first time next year. In the long term, it also wants to generate significant business volumes in Asia and North America. For this purpose, Nordex has constructed two new factories in China this year.