Nordex SE banner

Nordex SE
DUS:NDX1

Watchlist Manager
Nordex SE Logo
Nordex SE
DUS:NDX1
Watchlist
Price: 44.78 EUR -0.44% Market Closed
Market Cap: €10.6B

Nordex SE
Investor Relations

Nordex SE traces its origins back to 1985, emerging as a pioneering force in the wind energy sector, predominantly in Europe. Headquartered in Hamburg, Germany, the company crafts the intricate dance between innovative engineering and renewable energy solutions, positioning itself as a harbinger of sustainable power. At its core, Nordex specializes in the design, production, and sale of cutting-edge wind turbines for onshore applications. These towering structures are more than just feats of engineering; they are integral components of comprehensive wind farm solutions that the company offers worldwide. Nordex's expertise extends from sophisticated turbine technology to the intricate layouts and modeling of wind farms, ensuring optimal energy production and efficiency. The seamless orchestration of these elements reflects Nordex’s deep-rooted commitment to advancing sustainable energy production on a global scale.

In the competitive arena of renewable energy, Nordex has carved out its niche through strategic mergers and savvy market positioning. By integrating the strengths of different energy innovators, notably through its merger with Acciona Windpower in 2016, Nordex broadened its reach and capabilities, enhancing its product portfolio and operational capacities. The company's revenue streams are largely driven by the sale of wind turbines, supported by extensive after-sales services including maintenance, upgrades, and technical support. This dual focus on product excellence and service reliability cultivates long-term partnerships with utility companies, independent power producers, and commercial players, ensuring recurring revenue and sustainable business growth. As the world increasingly leans toward green energy solutions, Nordex's role becomes ever more critical, marrying robust technological prowess with an unwavering commitment to fostering environmentally conscious power generation.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Record Year: Nordex delivered a record 2025, exceeding medium-term margin targets, achieving record order intake of 10.2 GW, and generating EUR 863 million in free cash flow.

Revenue & Margins: Full-year sales reached EUR 7.6 billion and EBITDA margin hit 8.4%, both up significantly from 2024 and in line or ahead of guidance.

Strong Balance Sheet: Net cash position ended above EUR 1.6 billion and working capital improved to minus 12.4%.

2026 Guidance: Sales are expected to rise 9–19% to EUR 8.2–9 billion, with EBITDA margin guided at 8–11%.

Shareholder Returns: Nordex announced its first-ever shareholder return policy, targeting at least EUR 50 million annually in dividends or buybacks starting 2027.

Margin Ambition Raised: Midterm EBITDA margin target upgraded to 10–12%, citing volume growth, service margin expansion, and efficiency.

Order Book Strength: Combined order book rose to EUR 16 billion, providing strong visibility for future revenue and margins.

Service Business: Service EBIT margin reached 19% in Q4, with continued growth and high turbine availability.

Key Financials
Order Intake
10.2 GW
Order Book
EUR 16 billion
Revenue
EUR 7.6 billion
EBITDA
EUR 307 million (Q4), EUR 640 million (full year: implied from margin and sales)
EBITDA Margin
12.1% (Q4), 8.4% (full year)
Gross Margin
27.8% (Q4), 27% (full year)
Net Profit
EUR 184 million (Q4), EUR 274 million (full year)
Free Cash Flow
EUR 565 million (Q4), EUR 863 million (full year)
Cash Position
EUR 1.9 billion (year-end)
Net Cash Position
EUR 1.6 billion+ (year-end)
Working Capital Ratio
-12.4%
Equity Ratio
19% (year-end)
CapEx
EUR 72 million (Q4), EUR 169 million (full year)
Service EBIT Margin
19% (Q4)
Turbine Installations
2.1 GW (Q4), 7.663 GW (full year)
Earnings Call Recording
Other Earnings Calls

Management

Anja Siehler
Head of Investor Relations
No Bio Available
Mr. Ralf Peters
Head of Corporate Communications
No Bio Available
Mr. Kumar Manav Sharma
Chief Executive Officer of North America
No Bio Available
Mr. John McComas
Chief Operating Officer of North America
No Bio Available

Contacts

Address
HAMBURG
Hamburg
Langenhorner Chaussee 600
Contacts
+4940300301000.0
www.nordex-online.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett