Nordex substantially more profitable in the first half of 2007

Sales increased to EUR 323 million / EBIT up double to EUR 15.3
million.

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finances/Interim Report

Norderstedt (euro adhoc) - In the first half of 2007, the Nordex
Group's revenues increased by 28 percent to EUR 323 million (previous
year: EUR 252 million) thus living up to expectations. Non-German
business accounted for roughly 82 percent of wind turbine revenues.
New business grew at an even greater pace, with order intake rising
by 71 percent to EUR 683 million (previous year: EUR 400 million). As
a result, fixed and conditional orders climbed in value by 95 percent
to EUR 1.7 billion (previous year: EUR 880 million). Further
contracts have been signed of roughly EUR 470 million. All told, this
is sufficient to ensure full capacity utilization until into 2009.

Earnings before interest and taxes (EBIT) doubled to EUR 15.3 million
in the period under review (previous year: EUR 7.6 million).
Accordingly, the return on sales widened from 3.0 percent to 4.7
percent, coming to 5.7 percent in the second quarter. This favorable
performance was chiefly due to the execution of more profitable
projects. This is also reflected in the cost of materials ratio,
which dropped to 79 percent (previous year: 81 percent). Net income
for the period surged by 268 percent to EUR 13.6 million (previous
year: EUR 3.7 million), spurred by an improvement in net financial
result thanks to interest income earned on existing bank balances
(June 30, 2007: EUR 85 million). At the same time, the tax rate
declined to 7.7 percent.

"With this favorable performance, we are proving once again that
Nordex is able to harness the opportunities arising in the wind power
market to grow profitably on a sustained basis. We are confident of
achieving our targets for the year as a whole and beyond," says
Thomas Richterich, CEO of Nordex AG.

Including the net income for the period, the equity ratio has widened
again to 38 percent (previous year: 32 percent). Growth in operating
business as well as difficult conditions in the sourcing market have
necessitated greater capital commitments. Thus, inventories rose by
17 percent to EUR 165 million. Despite the drop in the advance
payment ratio to 116 percent, the working capital ratio stood at 9.8
percent, i.e. at the lower end of the target corridor.

Turning to the second half of the year, further growth in business
volumes is expected. Nordex continues to project full-year revenues
of EUR 760-770 million for 2007 (previous year: EUR 514 million). The
EBIT margin is expected to come to around 6 percent (previous year:
3.0 percent).

end of announcement euro adhoc 23.08.2007 06:51:49
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ots Originaltext: Nordex AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 50098 522
rpeters@nordex-online.com

Branche: Alternative energy
ISIN: DE000A0D6554
WKN: A0D655
Index: CDAX, Prime All Share, Technologie All Share, TecDAX, HDAX,
Midcap Market Index
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