Nordex has full order books for coming 2-3 yrs - CEO |
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Mon, 15 Oct 2007 07:45
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FRANKFURT (Thomson Financial) - Nordex AG has full order books at present, with an order backlog of 2.2 bln eur, chief executive Thomas Richterich told Sueddeutsche Zeitung.'We are as good as completely booked up for the next two-three years,' Richterich told the newspaper in an interview. 'We are currently refusing orders; more is just not possible.'The German wind turbine maker posted 65 pct full-year revenue growth in each of the past two years and sees sales rising 50 pct to 770 mln eur this year.'We will keep up that speed in the next years too,' Richterich said.Annual sales will have reached 4 bln eur by 2011, with return on sales based on EBIT rising to 9-12 pct from 6 pct at present.At that level, the company's global market share will have grown to 10 pct from the current 3.5 pct, Richterich told Sueddeutsche.maria.sheahan@thomson.commas/ms1COPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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