euro adhoc: Nordex AG / Earnings Forecast / Nordex updates 2008 EBIT forecast to plus 50% • Revenue projection unchanged at EUR 1.1 billion • Start-up costs in new markets weigh on 2008 • Higher expenditure planned for setting up structures overseas • Responsibilities reassigned within the Management Board (E)

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for the content of this announcement.
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09.07.2008

On the basis of the monthly financial statements for fiscal 2008 the Nordex
Group (ISIN: DE000A0D6554) is updating its projections for the current financial
year. According to these, the Group is remaining with its revenue target of EUR
1.1 billion for the year as a whole (previous year: EUR 747 million), which
equates to an increase of 47%. Earnings before interest and tax (EBIT) are to
increase by at least 50% to between EUR 60 million and EUR 66 million (previous
year: EUR 40 million). For return on sales this means an increase to between 5.5
and 6.0% (previous year: 5.4%) Nordex had originally projected a return of 7.0%
for 2008.

The principal cause for the new forecast is to be found in start-up costs for
setting up international structures. For instance, the company expects higher
expenditure than initially calculated for handling the large volume of wind farm
projects planned in the United Kingdom and Italy in the second quarter.
Furthermore, the Group plans to invest more heavily in setting up the structures
of its subsidiaries overseas.

The Supervisory Board has now reorganised responsibilities within the Management
Board. Production is the responsibility of the Chief Executive Officer (CEO)
while the Board member for Sales and Marketing is now in charge of project
management.

According to provisional information, revenues increased further in the second
quarter compared to the starting period. Profitability will probably stand at
the level of the first quarter of 2008.

In his telephone conference today (at 12:00 CET) the CEO will explain the new
guidance and be available for questions.

Further inquiry note:
Ralf Peters
Head of Corporate Communication
Tel.: +49 (0)40 50098 522
[email protected]

end of announcement euro adhoc
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emitter: Nordex AG
Bornbarch 2
D-22848 Norderstedt
phone: +49 (0)40 50098 100
FAX: +49 (0)40 50098 101
mail: [email protected]
WWW: http://www.nordex-online.com
sector: Alternative energy
ISIN: DE000A0D6554, DE0000A0D66L2
indexes: Midcap Market Index, TecDAX, CDAX, HDAX, Prime All Share,
Technologie All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse München
language: English

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