Wind turbine manufacturer Nordex recorded new orders of around €400 million in the fourth quarter of 2011 (Q4/2010: €306 million), translating into a 32% full-year increase in new business to €1.1 billion in 2011 (2010: €836 million). Originally, Nordex had projected growth of 20% to €1 billion. In November 2011 following its favorable performance in the previous quarters, the company raised its guidance for new business to the figure now reached.
The company benefited from its position in European markets, which accounted for about 77% of its order intake. A further 21% of new business came from the United States, where the group recorded a sharp increase in order receipts to €191 million in the final quarter of the year. “On the strength of this good performance, we assume that the volume of firmly financed order backlog has risen from €411 million in the previous year to €700 million at the beginning of 2012,” says Thomas Richterich, CEO of Nordex. Nordex SE will publish its 2011 annual report in April.
Filed Under: Construction, News, Projects, Turbines