Nordex Group Improves Profitability and Order Intake in the Second Quarter – Share Price Jumps
Hamburg – Wind turbine manufacturer Nordex Group reported a significant improvement in profitability in the second quarter of 2026, accompanied by higher order intake and positive free cash flow. Against this backdrop, the company confirmed its full-year 2026 guidance. The Nordex share price reacted strongly to the figures, recording a sharp increase on the stock market.
Earnings, Segments and Balance Sheet Significantly Improved
Nordex Group’s revenue increased by 16.3 percent in the second quarter of 2026 to around €2.2 billion (Q2/2025: €1.9 billion), driven by the Projects segment (€2.0 billion, +17.6 percent) and the Service segment (€223.3 million, +7.9 percent).
EBITDA increased by 106.8 percent to €223.8 million (Q2/2025: €108.2 million), while the EBITDA margin rose to 10.3 percent, compared with 5.8 percent in the same quarter of the previous year. Net income increased to €111.5 million (Q2/2025: €31.0 million).
Total assets remained stable at around €7.1 billion at the end of June 2026 (December 31, 2025: €6.8 billion). Net cash improved to €1,673.3 million (December 31, 2025: €1,624.7 million), while the equity ratio increased to 20.6 percent (December 31, 2025: 19.0 percent). Free cash flow was positive at €164.6 million (Q2/2025: €145.1 million).
“In the second quarter of 2026, we increased order intake by 32 percent, achieved an EBITDA margin of 10.3 percent and generated solid positive free cash flow,” said Nordex CEO José Luis Blanco.
Order Intake Increases Significantly
In the Projects segment, Nordex Group achieved an order intake of 3,054 megawatts (MW) in the second quarter of 2026, an increase of 32.2 percent compared with the same quarter of the previous year (Q2/2025: 2,310 MW). The total order value reached €3.0 billion (Q2/2025: €2.2 billion). The orders came from ten different countries. The average selling price per megawatt (ASP) remained stable at €0.97 million/MW (Q2/2025: €0.97 million/MW). The order backlog stood at €18.4 billion at the end of June 2026 (June 2025: €14.3 billion), comprising €11.6 billion in the Projects segment and €6.8 billion in the Service segment.
Production and Installations
Wind turbine production increased by 23.1 percent in the second quarter of 2026 to a total output of 1,953 MW (Q2/2025: 1,586 MW). Rotor blade production remained almost at the previous year’s level, with 1,343 units produced (Q2/2025: 1,399 units). Of these, 367 units came from Nordex’s own production facilities (Q2/2025: 466), while 976 units were supplied by external suppliers (Q2/2025: 933).
Overall, Nordex installed 211 wind turbines in 15 countries during the second quarter, with a total capacity of 1,168 MW, compared with 337 turbines totaling 1,959 MW in the same quarter of the previous year. According to the company, the decline was mainly attributable to the regional mix, rotor blade-related delays in Turkey and project postponements. Of the installations, 87 percent were located in Europe, 8 percent in Latin America, 4 percent in North America and 1 percent in the rest of the world.
Full-Year Guidance Confirmed
Against the backdrop of an order backlog of €18.4 billion, Nordex Group confirmed its full-year 2026 guidance. CEO José Luis Blanco stated that in the second half of the year the company would continue to focus on the consistent execution of its ongoing business activities and on further progress toward its medium-term margin target.
Nordex Share Price Rises
Nordex shares rose 5.6 percent to €39.40 in early afternoon trading on July 29, 2026. Compared with the turn of the year (closing price on December 30, 2025: €29.18), the share price has increased by 35.0 percent.
Source: IWR Online, 29 Jul 2026
