Nordex Increases Profitability: Wind Turbine Manufacturer Raises EBITDA Margin to up to 8.5 Percent - Share Reaches New Yearly High
Hamburg (Germany) - The Nordex Group has significantly raised its EBITDA margin forecast for 2025. The revision follows strong preliminary third-quarter figures, reflecting solid operational performance in both the Projects and Service segments and a stable macroeconomic environment. The company’s share price surged in response.
Strong Q3 Results Drive Margin Forecast
Nordex has revised its EBITDA margin outlook for fiscal year 2025 upwards. The company now anticipates a margin between 7.5 and 8.5 percent, up from 5.0 to 7.0 percent previously. According to Nordex, the improved forecast is driven by robust operational performance across both the Projects and Service divisions, as well as by a stable macroeconomic backdrop.
In the third quarter of 2025, Nordex achieved a preliminary EBITDA of 136 million euros with a margin of 8.0 percent. By comparison, EBITDA in the same quarter of the previous year was 72 million euros, corresponding to a 4.3 percent margin. Quarterly revenues amounted to 1.706 billion euros, roughly matching the prior-year level (Q3 2024: 1.671 billion euros). Nordex stated that this reflects seasonal effects and temporary supplier-related delays in Turkey.
CEO José Luis Blanco commented: “Our teams have delivered exceptionally well in Q3, and the results reflect the strength of our execution in the projects and service segments. For the remainder of the year, we remain confident that we will be able to deliver a significant step up in profitability compared to 2024 levels.”
Financial Stability and Growth Outlook
At the end of the third quarter, Nordex reported 1.378 billion euros in cash and cash equivalents, compared with 1.151 billion euros at the end of 2024. This resulted in a free cash flow of 298 million euros for the first nine months of the year, up from zero in the same period of 2024. The company expects the positive cash flow trend to continue in the fourth quarter, supported by additional earnings, strong order intake momentum, and further improvement in working capital.
All other forecast elements remain unchanged:
• Revenue: 7.4 to 7.9 billion euros • EBITDA margin: 7.5 to 8.5 percent (previously 5.0 to 7.0 percent) • Working capital ratio: below -9 percent • CAPEX: around 200 million euros
Nordex will publish its full third-quarter results on 4 November 2025.
With more than 57 GW of installed wind capacity across over 40 markets and a workforce of more than 10,400 employees, Nordex is one of the leading manufacturers of onshore wind turbines in the 4 to 7 MW+ class. The company operates production sites in Germany, Spain, Brazil, India, and the United States.
Nordex Share Climbs to New Yearly High
Investors welcomed Nordex’s latest developments. The Nordex share led the RENIXX World renewable energy stock index, climbing to a new yearly high of 25.92 euros. As of 12:50 CET on 28 October 2025 (Stuttgart Stock Exchange), the share was trading up 9.9 percent at 25.76 euros.
Source: IWR Online, 28 Oct 2025
