Nordex upgrades its profit forecast

Monday evening, German wind turbine manufacturer Nordex raised its profit forecast for the whole of 2025, the company announced in a statement in connection with a review of its preliminary financial results for the third quarter.

Nordex now expects an earnings margin before interest, taxes, depreciation and amortization (EBITDA) of 7.5-8.5%, compared to the previous forecast of 5.0-7.0%.

“The improved outlook was driven by strong operational execution across the two segments, projects and service business, supported by a stable macroeconomic environment,” the company said.

Bloomberg News reports that the new earnings target is well above analysts’ expectations of a earnings margin of 6.33%.

Nordex has also published its preliminary financial results for the third quarter, in which the group achieved revenue of EUR 1,706m and EBITDA of EUR 136m, corresponding to a profit margin of 8.0%.

In the same period of 2024, Nordex achieved sales of EUR 1,671m and an operating profit of EUR 72m, resulting in a profit margin of 4.3%, meaning that margins have almost doubled in 12 months.

However, the preliminary financial figures are on the high side, as the consensus among analysts is for revenues of EUR 2,049m and EBITDA of EUR 140m.

“Our employees have delivered exceptionally well in the third quarter, and the results reflect the strength of our execution in the project and services segments,” said Nordex CEO José Luis Blanco in the announcement.

“For the rest of the year, we remain confident that we can deliver a significant boost in profitability compared to 2024 levels.”

The German wind turbine manufacturer, which competes with Vestas in the onshore wind turbine sector, is maintaining its other expectations, with the revenue target remaining at EUR 7.4-7.9bn.

With the new margin target, the group expects an operating profit of EUR 555-671m, compared to the previous EUR 370-553m.

Nordex also expects annual investments of EUR 200m

Nordex shares fell 2.9% in regular trading on the Frankfurt market on Monday.