Nordex’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) have increased to €296m in 2024, compared with €2m in 2023.
Group sales increased by 12.5% to €7.3bn (2023, €6.5bn).
Throughout 2024, the EBITDA margin improved sequentially, culminating in a fourth-quarter margin of 4.9% (Q4 2023, 3.4%) and an absolute Q4 EBITDA of €107m (Q4 2023, €69m).
“Last year, we fully delivered on all our operational and financial promises, taking another significant step towards our medium-term profitability target.
“We achieved a record order intake in 2024, resulting in a very high order book.
“This success was driven by strong momentum in our service and project business.”
“Looking ahead, we aim to further strengthen our market position, and we are on track to continuously improving our profitability, further increasing the company’s long-term value”, said Jose Luis Blanco (pictured), CEO of Nordex.
“We have made substantial progress in our financial performance, continuously enhancing our absolute EBITDA and EBITDA margin throughout the year.
“The figures we present today clearly underline that we have achieved our goal to strengthen our financial position and are able to deliver a robust positive free cash flow,” added Ilya Hartmann, CFO of Nordex.
In the Projects segment, order intake totalled 8.3GW for the reporting year, 13% up on 2023.
This corresponds to a total value of new orders reaching €7.5bn (2023, €6.2bn).
The orders in the past year were received from 24 different countries and span across various turbine types.
In the service segment, Nordex increased its order intake by 114% to €1.9bn (2023, €924m).
As of the end of 2024, Nordex’s order book stood at €12.8bn (2023, €10.5bn).
Nordex installed 1227 wind turbines across 25 countries, totalling 6.6GW in the reporting year (2023, 1429 wind turbines with a total output of 7.3GW).