Nordex SE (NRDXF.PK), a provider of wind turbines, reported a wider full-year consolidated loss of 94.4 million euros, after interest and taxes, versus the prior year's 49.5 million euros loss. The loss at the EBIT level after exceptionals widened to 61.1 million euros in 2012, from 27.0 million euros in 2011.
However, annual earnings before interest, taxes and exceptionals amounted to 14 million euros, versus a loss of 7.6 million euros last year, chiefly due to econo-mies of scale.
Sales of the Nordex Group went up 17.3% year-on-year to 1.075 billion euros, from 916.8 million euros. The company said the top-line growth resulted mainly from strong business in the EMEA region, where sales grew by an above-average 28 percent to 868.9 million euros.
Looking ahead to 2013, the Management Board expects sales in a range of 1.2 billion euros - 1.3 billion euros. Based on the reorganisation measures initiated in the U.S. and China as well as the targeted improvements in project execution and the cuts in product costs already initiated, the EBIT margin is projected to widen to 2 to 3 percent. Further, the board hopes to again achieve a net cash inflow from operating activities in 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.