Nordex SE
DUS:NDX1
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Nordex SE
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Nordex SE
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.
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.
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.