Nordex with profitable growth in 2007 - further surge in earnings expected for 2008

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balance/figures for 2007

Norderstedt (euro adhoc) - Press release

Nordex with profitable growth in 2007 - further surge in earnings expected
for 2008

. Net income for 2007 up almost fourfold to EUR 48.0 (12.6) million
. Increase in earnings per share to EUR 0.74 (0.21).
. RoS in 2007 widened to 5.4 (3.2) percent
. 2008 RoS expected to grow to 6 - 8 percent, sales by 50%

Hamburg, April 9, 2008. The final figures for 2007 of the Nordex Group
(ISIN: DE000A0D6554) confirm the preliminary numbers announced in February
and confirm its continued profitable growth.

As already stated, Nordex's sales increased by 45% in 2007 to roughly EUR
747 (previous year: 514) million. Earnings before interest and taxes (EBIT)
rose by around 142% to EUR 40.1 (previous year: 16.6) million. As a result,
the return on sales widened to 5.4% (3.2%). The surge in profits was driven
by economies of scale and the greater profitability of the projects
completed. Thus, the personnel cost/sales ratio dropped to 6.8% (7.6%),
with the cost of materials/sales ratio also receding slightly despite
higher sourcing costs.

Net income in 2007 surged fourfold to almost EUR 48.0 (previous year: 12.6)
million due, among other things, to a tax reimbursement of EUR 8.9 due to
recognition of deferred tax assets on tax losses. At the same time, net
borrowing costs fell to EUR 1.1 (previous year: 3.9) million due to the 61%
increase in liquidity to EUR 212 (previous year: 132) million. Earnings per
share climbed to EUR 0.74 (previous year: EUR 0.21). Equity ratio increased
to 38.6% (previous year: 32.6%).

To prepare for contracts which were to be executed at short notice, Nordex
increased its inventories by 65% to EUR 232 (previous year: 141) million as
of the balance sheet date. However, these were financed by high advance
payments received from customers as of the end of 2007. As a result, the
ratio of advance payments to gross PoC receivables from construction
contracts increased to 138% (previous year: 135%). This included
reservation fees of EUR 121 million for medium-term delivery obligations
(previous year: EUR 47 million). As a result, Nordex's working capital
ratio remained steady at a low 2.3% as previous year. Net cash flow from
operating activities reached EUR 29.1 (previous year: 65.2) million and was
thus sufficient to fully cover the capital expenditure of EUR 28.7 million
in 2007.

Order books increased in value by 142% to EUR 2.9 (previous year: 1.2)
billion and comprise firm orders of EUR 1.0 billion (previous year: EUR
513 million) and conditional orders of EUR 1.9 billion (previous year: EUR
674 million). This is fully sufficient to ensure that Nordex can meet its
sales targets in full in both 2008 and 2009, based on sales growth of 50%
per year.

"This year, we expect a top line growth of around 50% to more than one
billion in sales", says Thomas Richterich, CEO at Nordex AG. However,
variables such as final construction or grid connection permits may speed
up or delay the completion of specific projects. This is tantamount to a
possible difference in planned revenues of around EUR 100 million.
Accordingly, the Company ultimately expects total sales of EUR 1.0 to 1.2
billion for 2008. Depending on whether sales end up being at the top or
lower edge of this range, management projects a return on sales of 6 or 8
percent.

During today's telephone conference, the Management Board will elaborate on
the annual financial statements and answer any questions. The full annual
report will be published in April 2008.

|E million |2007 |2006 |Change |
|Sales |747 |514 |45% |
|EBIT |40.1 |16.6 |142% |
|Return on sales |5.4% |3.2% | |
|Net income |48.0 |12.6 |281% |
|Net margin |6.4% |2.5% | |
|EPS |E 0.74 |E 0.21 |252% |
| | | | |
|Liquidity |212 |132 |61% |
|Inventories |232 |141 |65% |
|Equity ratio |38.6% |32.6% | |
|Total assets |704 |457 |54% |
| | | | |
|Advance payment |138% |135% | |
|ratio | | | |
|Working capital |2.3% |2.3% | |
|ratio | | | |
|Net cash flow from|29.1 |65.2 |-55% |
|operating | | | |
|activities | | | |

end of announcement euro adhoc
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Felix Losada

Tel.: +49 (0)40 50098 141

flosada@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade