The company reported final Q1 16 results. Revenues increased 28.3% to €637m and the order intake declined by 15.8% to €541m mainly due to a large order (Gibson Bay project in South Africa) received in Q1 15. Order intake adjusted increased 9%. The order backlog declined 1.1% to €1.64bn. EBITDA increased 56.6% to €59.1m and the EBITDA margin jumped from 7.6% to 9.3%. EBIT also increased 81.4% to €44.9m. The EBIT margin improved from 5% to 7.1%. Net income skyrocketed 7
23 May 2016
Strong earnings momentum in Q1 16
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Strong earnings momentum in Q1 16
Nordex SE (NDX1:WBO) | 0 0 (-0.7%) | Mkt Cap: 923.5m
- Published:
23 May 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported final Q1 16 results. Revenues increased 28.3% to €637m and the order intake declined by 15.8% to €541m mainly due to a large order (Gibson Bay project in South Africa) received in Q1 15. Order intake adjusted increased 9%. The order backlog declined 1.1% to €1.64bn. EBITDA increased 56.6% to €59.1m and the EBITDA margin jumped from 7.6% to 9.3%. EBIT also increased 81.4% to €44.9m. The EBIT margin improved from 5% to 7.1%. Net income skyrocketed 7