Nordex eyes improvement in earnings by 2017
The Nordex Group plans to achieve a sales level of €2bn by 2017 (2013: €1.4b) while substantially improving its operating result to an EBIT margin of 7-8% (2013: 3.0%).
By Ritesh Gupta
The group intends to focus strongly on improving profitability during the next period.
“In the course of the realignment process over the last few years Nordex grew dramatically, achieved the level of sales required for the turnaround and is now profitable,” said Dr. Jürgen Zeschky, CEO of Nordex.
Since the new Management Board under CEO Zeschky took the helm at Nordex in spring 2012, the Group has increased revenues by more than 55% to €1.4 b and turned into a profitable company.