Acciona boosts Nordex numbers
2017 outlook includes lower sales, 'stable' profitability
Nordex posted a net profit of €95.4m in 2016, up 82.4% year on year, on the back of a 40% boost in sales to €3.4bn.
The German manufacturer said the acquisition of Acciona Wind – closed last year – contributed €726m to revenues and that the European market led the charge with €2.3bn in total sales.
Deals is the Americas were up “sharply” to 22% of Nordex revenues. Service revenue was up 28% to €271.6m.
The order book across sales and equipment increased to €3.9bn from €2.7bn in the previous year.
Sales for 2017 are predicted to be down at around €3.1-€3.3bn due to project postponement “in some core markets” and delayed entry to India.
“Profitability should remain stable thanks to the synergy benefits harnessed from the merger with Acciona Wind and the absence of most of the non-recurring expenses that had arisen in 2016,” it said. Sales are expected to bounce back slightly in 2018.
Chief executive Lars Bondo Krogsgaard said: “In order to improve profitability we will focus more strongly on activities that offer above-average margins. At the same time, we will step up spending on products to secure targeted competitive advantages.”