EANS-Adhoc: Nordex SE / Nordex reduces revenue target for 2010

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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11.11.2010

* Market development holds back new business
* Revenue target for 2010 reduced to around one billion Euros
* EBIT margin target of 4% for the full year confirmed
* Gross margin increased to 26,7 (22,3) percent
* Order book increased to EUR 2.4 billion

Hamburg, November 11, 2010. In the third quarter of 2010, the business of the
Nordex Group (ISIN: DE000A0D6554) picked up sequentially but fell short of the
Company's expectations. Sales increased over the previous quarter by 33 percent
to EUR 264.4 million (Q2/2010: EUR 199.3 million). However, at a cumulative EUR
614.2 million in the first three quarters, it remained below the previous year's
figure (Q1-3 2009: EUR 814 million). This was chiefly due to weak market
conditions. Order intake rose by EUR 201 million in the third quarter, amounting
to EUR 530 million in the first nine months of the year (Q1-3 2009: EUR 638
million).

The improved profitability of the projects executed was reflected in a higher
gross margin of 26.7 percent in the first nine months (previous year: 22.3
percent). At the same time, structural costs declined by 3.5 percent to EUR 152
million (previous year: EUR 157.5 million). The rise in staff costs and
depreciation/amortization expense reflects the Company's investments in its
future profitability. Thus, Nordex has launched a cost-cutting program as well
as an initiative to boost the efficiency of its turbines to enhance its
competitiveness on a sustainable basis.

Cumulative EBIT for the period from January to September amounted to EUR 17.3
million (previous year: EUR 21.9 million). Of this, the Company generated EUR
10.2 million in the third quarter, the quarter with the greatest volume of sales
in the year to date. With net borrowing costs remaining almost unchanged,
consolidated profit for the first nine months amounted to EUR 8.5 million
(previous year: EUR 9.9 million).

As of September 30, cash and cash equivalents stood at EUR 121.2 million
(December 31, 2009: EUR 159.9 million), up slightly by EUR 8 million compared
with the end of June. The cash flow from operating activities improved to EUR
-0.8 million (previous year EUR 6.7 million) thanks to the substantial net
inflow recorded in the third quarter (EUR 18.5 million).

Contrary to its previous forecast, the Management Board now no longer expects a
small increase in sales for 2010 and currently projects a figure of around one
billion euros (previous year: EUR 1.183 billion). The forecast is chiefly based
on the assumption that the portfolio of firmly financed orders worth EUR 423
million will be largely executed together with contractually guaranteed service
business and the commencement of a small proportion of work on new orders booked
in the final quarter of the year. As of the balance sheet date, Nordex had
conditional orders worth around EUR 1.9 billion on its books in addition to the
firm contracts.

The Management Board reaffirms its guidance with respect to the EBIT margin
widening to 4 percent (previous year: 3.5 percent).The lower degree of capacity
utilization compared with original expectations will be largely offset by the
initial effects of the cost-cutting program. Turning to the fourth quarter, the
Company expects a substantial increase in new business as a basis for growth in
the new year. Accordingly, there is already clear evidence indicating that - as
in the previous years - the fourth quarter will be the strongest in 2010 in
terms of both sales and earnings.

Further inquiry note:
Ansprechpartner für Rückfragen:

Nordex SE
    Ralf Peters
    Telefon: 040 / 300 30 - 1000, Telefax:  - 1333
end of announcement                               euro adhoc

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issuer:      Nordex SE
             Bornbarch 2
             D-22848 Norderstedt
phone:       +49 (0)40 30030-1000
FAX:         +49 (0)40 30030-1101
mail:        info@nordex-online.com
WWW:         http://www.nordex-online.com
sector:      Alternative energy
ISIN:        DE000A0D6554, DE0000A0D66L2
indexes:     TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX

stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English

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