Last €13.91 EUR
Change Today +0.245 / 1.79%
Volume 1.0M
NDX1 On Other Exchanges
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Exchange
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As of 1:55 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

nordex se (NDX1) Snapshot

Open
€13.63
Previous Close
€13.66
Day High
€14.05
Day Low
€13.63
52 Week High
06/9/14 - €17.00
52 Week Low
12/12/13 - €8.80
Market Cap
1.1B
Average Volume 10 Days
893.1K
EPS TTM
€0.32
Shares Outstanding
80.9M
EX-Date
--
P/E TM
43.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for NORDEX SE (NDX1)

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nordex se (NDX1) Details

Nordex SE, together with its subsidiaries, develops, produces, services, and markets onshore wind power systems primarily in Europe, Asia, and the United States. The company offers various wind turbines comprising N131 with 3 megawatt (MW) capacity for average wind speeds; N117 with 3 MW capacity for medium wind speeds; N100 with 3.3 MW capacity for strong-wind locations; N117 with 2.4 MW capacity for low-wind sites; N100 with 2.5 MW capacity for use in medium and low wind conditions; and N90 with 2.5 MW capacity used at strong-wind sites. It also provides project development in selected countries, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, the company offers planning, delivery, installation, and commissioning of various electrical and technical automation systems, as well as the infrastructural measures required for wind turbines. Further, it provides installation services for wind parks with the substation, including grid connection (turnkey solutions), as well as inspection and maintenance, repair, spare parts, remote monitoring, and modernization services. Nordex SE was founded in 1985 and is headquartered in Hamburg, Germany.

2,729 Employees
Last Reported Date: 07/30/14
Founded in 1985

nordex se (NDX1) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €592.0K
Chief Financial Officer and Member of Managem...
Total Annual Compensation: €396.5K
Chief Customer Officer and Member of Manageme...
Total Annual Compensation: €722.2K
Compensation as of Fiscal Year 2013.

nordex se (NDX1) Key Developments

Nordex Receives First Contract from Lithuania

Nordex has received its first contract from Lithuania and will be supplying eight N117/3000 turbines for the "Jurbarkas" wind farm from spring 2015. The wind farm is located close to the town of the same name in an agricultural region in the western part of the country around 50 kilometres from the Baltic Sea. It is characterised by average wind speeds of more than 7 m/s, making the N117/3000 Generation Delta turbines on 120-metre towers the perfect choice for "Jurbarkas". Starting in November 2015, the 24-MW wind farm will be producing at least 80 GWh of clean electricity. The contract also includes the provision of a Premium Service by Nordex over 15 years. Accordingly, Nordex will be establishing a service point close to the wind farm. The project developer for "Jurbarkas" is Eurakras, owned 86% by Renagro and 14% by Baltcap. Private equity company Renagro invests in energy, real estate and agricultural projects. It currently already operates 6 MW wind farms and some smaller wind sites in Lithuania. Baltcap is a leading private equity and venture capital investor in the Baltic countries and has been active in the region since 1995.

Nordex Wins Contract for 20 N117/2400 Turbines from Turkey

Nordex has received a further contract from the Turkish customer Erdem Holding. The manufacturer will deliver of 20 N117/2400 turbines for the ‘Bagarasi’ wind farm. The order also includes a premium-service contract for a minimum period of five years. ‘Bagarasi’ is located in Aydin, 90 kilometres south east of Izmir, close to the Aegan coast of Turkey. At its altitude of up to 800 metres, mean annual wind speeds are what by Turkish standards is a low 6.6 m/s. Accordingly, the N117/2400 turbine is to be used. With its design, this turbine is specifically configured for locations with light average wind speeds. Nordex will be supplying the turbines on towers with a hub height of 91 metres. When it goes into operation with 20 turbines in 2015, the 48 MW wind farm will generate 130,000 MWh of clean electricity.

Nordex SE Reports Consolidated Earnings Results for the First Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for 2014

Nordex SE reported consolidated earnings results for the first six months ended June 30, 2014. For the six months, the company achieved a 23.4% increase in sales to EUR 815.4 million compared to EUR 660.6 million reported a year ago. With the EMEA business remaining stable at a high level, growth was materially driven by the group's successes in new markets in Latin America and Asia. Sales in the Americas in particular rose at a high three-digit rate. Operating earnings rose by 147% to EUR 37.1 million compared to EUR 15.0 million reported a year ago. This performance was particularly driven by economies of scale. At the same time, the company was able to lower its structural costs again. Net profit rose to EUR 16.5 million compared to EUR 1.3 million reported a year ago. The company generated a net cash inflow of EUR 91.2 million from operating activities compared to net outflow from operating activities of EUR 39.1 million reported a year ago. Free cash flow was EUR 70.0 million compared to outflow of EUR 72.1 million reported a year ago. The company reaffirmed its last forecast and continues to assume that full-year sales will grow to EUR 1.5 billion to EUR 1.6 billion in 2014, accompanied by an EBIT margin of 4.0% to 5.0% and order intake of up to EUR 1.7 billion.

 

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NDX1 Competitors

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Company Last Change
Gamesa Corp Tecnologica SA €8.95 EUR -0.052
Sinovel Wind Group Co Ltd CNY3.84 CNY +0.04
Suzlon Energy Ltd 20.35 INR -2.25
Vestas Wind Systems A/S kr232.10 DKK +0.10
Xinjiang Goldwind Science & Technology Co Ltd CNY11.37 CNY +0.17
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NDX1

Industry Average

Valuation NDX1 Industry Range
Price/Earnings 40.0x
Price/Sales 0.7x
Price/Book 2.8x
Price/Cash Flow 16.2x
TEV/Sales 0.3x
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