The company reported strong Q3 15 results. Revenues jumped 41% to €686m and EBIT increased 57.8% to €36.1m. The EBIT margin improved 5.1% to 5.3%. Product revenues increased 90.6% to €639.3m but service revenues declined 3.1% to €46.5m. Revenues in Europe jumped 54% to €627.3bn and in the Americas around €46.1% to €58.3m. Net profit declined 26.1% to €8.5m due to higher tax rates. Future tax benefits from some entities could not be realised. In the firs
16 Nov 2015
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Nordex SE (NDX1:WBO) | 0 0 (-0.7%) | Mkt Cap: 923.5m
- Published:
16 Nov 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported strong Q3 15 results. Revenues jumped 41% to €686m and EBIT increased 57.8% to €36.1m. The EBIT margin improved 5.1% to 5.3%. Product revenues increased 90.6% to €639.3m but service revenues declined 3.1% to €46.5m. Revenues in Europe jumped 54% to €627.3bn and in the Americas around €46.1% to €58.3m. Net profit declined 26.1% to €8.5m due to higher tax rates. Future tax benefits from some entities could not be realised. In the firs