Jürgen Zeschky, CEO of wind turbine equipment maker Nordex, said in general generalholders meeting that Nordex's sales of this year was expected to increase by 10%-20%, reaching euro1.2-1.3 billion. EBIT margin was expected to reach 2% - 3%. Nordex's stock order had reached euro1.05 billion. In the future, Nordex's sale was expected to surpass 1.5 billion and EBIT margin will reach 5% or more.
Despite the slow growth in wind turbine market, Nordex was optimistic about the future. Because Nordex stay away from the competitive market area (such an China, parts of South Europe and America) and focus on German, Scania and Turkey's market. Besides, Nordex emphasized they strengthen the research on offshore wind farms.
Written by Nicolas Yang
