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Nordex grows in Germany and gains market share

2017-02-07 11:59:26

DGAP-News: Nordex SE / Key word(s): Market Report

07.02.2017 / 11:59
The issuer is solely responsible for the content of this announcement.



Press release

Nordex grows in Germany and gains market share

Hamburg, 7 February 2016. The Nordex Group installed substantially more wind turbines - 267 units - in its domestic market in 2016 than in the previous year (2015: 176). This growth of around 50% slightly exceeded the internal budget. As the capacity of these turbines also rose, installed capacity climbed by an even sharper 58% over the previous year to 691 MW (2015: 437 MW). Average capacity per wind power system increased to around 2.6 MW (2015: 2.5).

Nordex outperformed the industry as a whole, which posted gains of almost 24% to 4,625 MW (2015: 3,730 MW). This strong market development was driven by the adoption of an auction model for the remuneration of new projects. Consequently, Nordex's market share increased to around 15% (2015: 12%).

Nordex particularly benefited from its strong position in efficient turbines designed for light-wind regions (IEC3). Thus, more than 40% of its turbines were installed in the four southern German states of Bavaria, Baden-Württemberg, Rhineland-Palatinate and Saarland. At the same time, the share of the more recent 3-MW platform doubled to over 25% (2015: 12%).

"This year we will achieve a new installation record thanks to the strong order intake in 2016," says Jörg Hempel, who is responsible for Nordex's German business. Last year, Nordex's order intake in Germany rose by around 28% to EUR 1.17bn.


About the Nordex Group
The Group has installed wind power capacity of around 20 GW in over 25 markets. In 2015, Nordex and Acciona Windpower recorded combined sales of EUR 3.4 billion. The Company currently has more than 5,000 employees. The production network comprises plants in Germany, Spain, Brazil, the United States and India. The product range primarily concentrates on onshore turbines in the 1.5 - 3.6 MW class addressing the requirements of developed as well as emerging markets.

For more information, please contact:

Nordex SE
Ralf Peters
Phone + 49 40 300 30 - 1000
rpeters@nordex-online.com



07.02.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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