German company Nordex Group achieved a 21.7% increase in operating profit over the past year to 123.8 million euros, compared to 101.7 million euros in 2018, according to preliminary data.


According to the newspaper, the operating profit margin in the past year was 3.8% compared to 4.1% in the previous year.


The company indicated that its combined sales during the past year increased to 32.8 billion euros, compared to 2.46 billion euros in the previous year.


The volume of orders accumulated by the company during the past year increased by 31% annually to the equivalent of 6.2 gigawatts.


The company is expected to announce the final data of its business results during the fiscal year 2019 on March 24th.


Nordex Group is one of the largest wind turbine producers in the world.