Nordex Raises 2026 EBITDA Margin Guidance to 11.5%-12.5% on Preliminary Q3 Beat

Nordex raised its full-year 2026 EBITDA margin guidance to 11.5%-12.5% from 8.0%-11.0% after preliminary third-quarter sales of EUR 2.19 billion slightly beat the EUR 2.17 billion consensus estimate from six analysts, The future of trading reported. The German wind turbine maker said higher Service segment margins and strong project execution drove the results and the improved outlook.

Nordex's Preliminary Third-Quarter Results

Preliminary third-quarter sales rose year over year, and the company said the beat applied to a deviation of less than 1%. Third-quarter EBITDA was EUR 278 million at a 12.7% margin, and free cash flow was EUR 379 million.

Nordex attributed the better-than-expected quarter to strong project execution and said risks assumed in the Projects segment did not materialize to the extent previously anticipated. The company maintained all other elements of its full-year 2026 guidance.

Nordex SE is a Hamburg-based manufacturer of multi-megawatt onshore wind turbines, serving wind farm developers, utilities and industrial energy consumers globally, according to company records.

Nordex's Order Book and 2025 Figures

Nordex's combined order book reached EUR 17 billion as of the first quarter of 2026, according to akta.pro company records, with full-year 2025 turbine order intake of 10.2 GW worth EUR 9.3 billion and a project order book of EUR 10.1 billion at the end of 2025. Full-year 2025 revenue was EUR 7.55 billion, and full-year 2025 EBITDA was EUR 631 million, more than double the EUR 304 million recorded in 2024, at an 8.4% margin against 4.1% a year earlier.

Nordex's Recent Order Momentum

Nordex Group recorded an order intake of 2,810 MW in the third quarter of 2026, a 29.5% increase from the same period last year, Investegate reported. Nordex shares rose 3.1% to 36.50 euros on October 12, 2026 after the third-quarter order surge, with the average selling price falling, FinanzNachrichten.de reported. Nordex also secured orders for 35 wind turbines across Southern, Central and Eastern Europe with a total capacity of about 228 MW, including service agreements of up to 25 years, FinanzNachrichten.de reported.

What Comes Next for Nordex

Nordex said it maintained all other elements of its full-year 2026 guidance. The company's preliminary third-quarter figures were published on October 15, 2026.