Nordex delivered a substantial increase in fourth-quarter EBITDA, according to the German OEM’s latest results.
Earnings hit €307.4m compared to €106.9m a year earlier, lifting its margin to 12.1 percent from 4.9 percent on higher sales and strong operational performance.
Sales reached around €2.5bn in the quarter, up from €2.2bn in the same period of 2024, while net income climbed to €183.8m from €17.5m, the company said.
Order intake rose 9.2 percent to €3.2bn compared with €2.9bn a year earlier, contributing to a record full-year order value of €9.3bn.
“The past year marked an important milestone for the Nordex Group,” said chief executive José Luis Blanco.
“We met – and in some cases exceeded – our operational and financial targets, while also reaching our medium-term EBITDA margin target of 8 percent,” Blanco added.
“We are pleased with our financial performance last year with €7.6bn in sales and an EBITDA margin of 8.4 percent and a substantially higher net income of €274.3m compared to the previous year,” stated chief financial officer Dr Ilya Hartmann.
Production rose strongly in the quarter, with 3,202MW of turbines manufactured versus 2,519MW in Q4 2024, while 2,083MW of capacity was installed compared with 1,660MW a year earlier.
Project segment sales increased to €2.3bn from €2.0bn, while service revenue edged up to €240.4m from €233.1m.
Cash and cash equivalents rose to €1.93bn at year-end from €1.15bn, contributing to a net cash position of €1.62bn compared with €848.2m, and quarterly free cash flow reached €565.2m against €271.1m a year earlier.
For 2026, Nordex expects sales of €8.2–9.0bn with an EBITDA margin between 8 and 11 percent, and it has increased its medium-term margin target to 10–12 percent.