German turbine manufacturer Nordex posted pre-tax 2015 profits of €126.2m, up from €78m in 2014, on the back of a 40% sales boost to €2.43bn.
The revenue result slightly exceeded the upper end of guidance while the operational margin was up by 0.7% to 5.2%.
“Despite the unplanned additional expense on a number of externally sourced rotor blades from a supplier, earnings matched the management board’s expectations,” said Nordex.
Sales in the core Europe and Africa zone drove the result with 88% of sales. Progress was made in the Americas where sales rose to €286m from €200m in 2014.
Nordex said: “The significant growth in sales and heightened profitability were accompanied by a disproportionately small increase in structural costs.”
Looking forward, the manufacturer said this year-to-date order books of €1.67bn and the “imminent merger with Acciona Windpower” offer very solid foundations for further growth.
Image: Nordex
