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    NDX1   DE000A0D6554

NORDEX SE

(NDX1)
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PRESS RELEASE: Nordex SE: Nordex Group wins 187 MW order in Turkey

04/08/2021 | 01:32am EDT
DGAP-News: Nordex SE / Key word(s): Incoming Orders 
Nordex SE: Nordex Group wins 187 MW order in Turkey 
2021-04-08 / 07:30 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
- Caba Grup orders 39 N133/4800 turbines 
Hamburg, 8 April 2021. The Nordex Group is further enlarging its footprint in Turkey: end of March, the Caba Grup 
ordered 39 N133/4800 turbines form the Delta4000 series for the second construction phase of the "Istanbul" wind farm. 
The order also includes a Premium Service contract for the turbines covering a period of 15 years. 
The Nordex Group had already received an order in 2019 for the first 24 MW construction phase "Istanbul-I" with five 
N133/4800 turbines, where currently the first turbine is being installed and the remaining turbines are under 
construction. The Nordex Group is now supplying a further 39 turbines of the same turbine type for the second 
construction phase totalling 187 MW. Delivery of the turbines for this second construction phase is scheduled for late 
summer 2021. 
The wind farm, located 50 kilometres northwest of Istanbul on the Black Sea, will comprise 44 turbines once completed. 
This makes the 211 MW wind farm "Istanbul" the largest single licensed project in Turkey to date. 
With an average annual wind speed on site of 8 metres per second, the wind farm is expected to produce an annual yield 
of 850 GWh. 
The Nordex Group will install the turbines on 125-metre tubular steel towers. When "Istanbul" starts operation, the 
Caba Grup will receive a higher feed-in tariff as the Nordex Group is sourcing the rotor blades, anchor cages, towers 
and generators from Turkey. 
According to the Turkish wind energy association TÜREB, Nordex Group was once again the market leader in Turkey in 2020 
with a market share of roughly 27 percent. 
About the Nordex Group 
The Group has installed more than 32 GW of wind power capacity in over 40 markets and generated sales of around EUR 4.6 
billion in 2020. The Company currently has more than 8,500 employees. The Group's manufacturing network includes 
factories in Germany, Spain, Brazil, the USA, India and Mexico. Its product portfolio is mainly focused on onshore 
turbines in the 4 to 5.X MW class which are designed to meet the market requirements of countries with limited 
available space and regions with limited grid capacity. 
Contact for press inquiries: 
Nordex SE 
Felix Losada 
Phone: +49 (0)40 / 300 30 - 1141 
flosada@nordex-online.com 
Contact for investors: 
Nordex SE 
Felix Zander 
Phone: +49 (0)40 / 300 30 - 1116 
fzander@nordex-online.com 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Nordex SE 
              Erich-Schlesinger-Straße 50 
              18059 Rostock 
              Germany 
Phone:        +49 381 6663 3300 
Fax:          +49 381 6663 3339 
E-mail:       info@nordex-online.com 
Internet:     www.nordex-online.com 
ISIN:         DE000A0D6554 
WKN:          A0D655 
Indices:      MDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1181948 
 
End of News   DGAP News Service 
=------------ 

1181948 2021-04-08

(END) Dow Jones Newswires

April 08, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
MDAX 0.78% 33263.21 Delayed Quote.8.01%
NORDEX SE 0.98% 24.84 Delayed Quote.12.09%
TECDAX PERFORMANCE INDEX 9:00-20:00 0.00% 3526.18 Delayed Quote.9.76%
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Financials
Sales 2021 4 915 M 5 889 M 5 889 M
Net income 2021 17,0 M 20,3 M 20,3 M
Net Debt 2021 138 M 165 M 165 M
P/E ratio 2021 215x
Yield 2021 -
Capitalization 2 915 M 3 492 M 3 493 M
EV / Sales 2021 0,62x
EV / Sales 2022 0,60x
Nbr of Employees 8 314
Free-Float 62,5%
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 27,55 €
Last Close Price 24,84 €
Spread / Highest target 44,9%
Spread / Average Target 10,9%
Spread / Lowest Target -19,5%
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Managers and Directors
NameTitle
Josť Luis Blanco Dieguez Chief Executive Officer
Ilya Taka Hartmann Chief Financial Officer
Wolfgang H. Ziebart Chairman-Supervisory Board
Jan Klatten Member-Supervisory Board
Martin Wolfgang Rey Member-Supervisory Board
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