Nordex Group Raises 2025 Profitability Outlook Following Strong Third Quarter Performance

The Nordex Group has revised its full-year 2025 EBITDA margin guidance upward following a review of preliminary third-quarter financial results, now expecting profitability in the range of 7.5% to 8.5% compared to the previous guidance of 5.0% to 7.0%. This significant improvement reflects strong operational execution across both projects and service business segments, supported by a stable macroeconomic environment.

Preliminary third-quarter 2025 results show EBITDA reaching €136 million with a margin of 8.0%, nearly doubling from €72 million and 4.3% margin in the same quarter of 2024. Revenue for the quarter is expected to be approximately €1,706 million, broadly consistent with the prior year's €1,671 million, though the company noted seasonal dynamics and temporary supplier-related delays in Türkiye affected performance.

The company's financial position strengthened considerably, with cash reserves growing to €1,378 million at the end of the third quarter compared to €1,151 million at the end of 2024. Nordex generated €298 million in free cash flow during the first nine months of 2025, a substantial improvement from nil free cash flow during the same period in 2024. The company anticipates continued positive free cash flow generation in the fourth quarter, driven by additional profits, order intake momentum, and ongoing working capital improvement.

Jose Luis Blanco, CEO of Nordex Group, stated that the results reflect exceptional team performance and execution strength in both project and service segments. He expressed confidence in delivering significantly improved profitability compared to 2024 levels and emphasized the company's focus on driving profitable growth and creating long-term shareholder value.

Other elements of the full-year guidance remain unchanged, including sales projections of €7.4 to €7.9 billion, working capital ratio below -9%, and capital expenditures of approximately €200 million. The company will release full third-quarter 2025 results on November 4, 2025, with management scheduled to present preliminary results and discuss the upgraded outlook during an analyst and investor call on October 28, 2025.

This guidance revision carries significant implications for the renewable energy sector, particularly wind power development. Nordex's improved profitability outlook signals strengthening fundamentals in the wind energy market, potentially indicating broader industry recovery and improved operational efficiency across the sector. The company's performance suggests that wind energy manufacturers are adapting to market challenges and optimizing their business models for sustainable growth.

For investors and industry observers, Nordex's upward revision demonstrates the company's ability to navigate complex market conditions while improving financial performance. The substantial increase in free cash flow generation indicates improved working capital management and operational efficiency, factors that could influence investment decisions across the renewable energy landscape. The company's continued focus on profitable growth aligns with broader industry trends toward sustainable business models in the transition to clean energy.

The improved outlook comes at a critical time for global renewable energy development, as countries accelerate their transition away from fossil fuels. Nordex's performance may signal improved viability for wind energy projects and manufacturing, potentially encouraging further investment in the sector. The company's product portfolio, focused on onshore turbines in the 4 to 7 MW+ classes designed for markets with limited space and constrained grid capacity, positions it well to capitalize on evolving market demands.