Nordex reported preliminary 2015 results. Revenues increased 40% to €2.43bn and exceeded our expectations (+36.4%). EBIT jumped 60% to €126.2m, which was below our expectations of around €144m. The EBIT margin improved from 4.5% to 5.2% (estimate 6.1%). The results were in line with guidance but EBIT reached the lower end (guidance 5% to 6%). Although productivity increased substantially, management experienced unplanned additional expenses on a number of externally sourced rot
26 Feb 2016
Some traction lost in Q4 15
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Some traction lost in Q4 15
Nordex SE (NDX1:WBO) | 0 0 (-0.7%) | Mkt Cap: 923.5m
- Published:
26 Feb 2016 -
Author:
Heinz Steffen -
Pages:
2
Nordex reported preliminary 2015 results. Revenues increased 40% to €2.43bn and exceeded our expectations (+36.4%). EBIT jumped 60% to €126.2m, which was below our expectations of around €144m. The EBIT margin improved from 4.5% to 5.2% (estimate 6.1%). The results were in line with guidance but EBIT reached the lower end (guidance 5% to 6%). Although productivity increased substantially, management experienced unplanned additional expenses on a number of externally sourced rot