Nordex SE (ETR:NDX1)

Nordex SE Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	496.29	274.45	8.84	-302.83	-497.76	-230.16
Depreciation & Amortization	148.73	141.74	145.73	150.43	141.78	121.73
Other Amortization	32.77	32.77	35.27	38.07	33.64	38.27
Loss (Gain) From Sale of Assets	-13.14	31.81	13.35	-0.04	-7.1	0.37
Asset Writedown & Restructuring Costs	6.87	6.87	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	7.01	-
Other Operating Activities	156.57	94.29	-22.73	-22.49	-193.46	45.91
Change in Accounts Receivable	-411.54	-422.14	-102.22	-87.36	-191.04	-45.72
Change in Inventory	-196.35	-98.57	356.32	-162.54	-380.67	479.72
Change in Accounts Payable	585.77	468.17	-12.25	150	486.67	-62.96
Change in Unearned Revenue	87.14	324.02	-324.27	266.5	107.93	-107.94
Change in Other Net Operating Assets	284.45	162.87	331.72	131.45	142.91	-111.66
Operating Cash Flow	1,178	1,016	429.75	161.2	-350.09	127.56
Operating Cash Flow Growth	67.55%	136.48%	166.60%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-182.03	-172.15	-164.19	-132.88	-205.38	-169.66
Sale of Property, Plant & Equipment	43.86	13.5	7.19	8.67	25.98	17.45
Investment in Securities	-31.93	2.39	-13.65	-18.86	14.96	-0.85
Other Investing Activities	3.26	3.26	11.56	1.9	0.63	0.97
Investing Cash Flow	-166.84	-153	-159.08	-141.18	-163.81	-152.09

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	275	11	215
Long-Term Debt Issued	-	21.25	6.39	343.75	22.73	3.95
Total Debt Issued	61.23	21.25	6.39	618.75	33.73	218.95
Long-Term Debt Repaid	-	-64.79	-48.78	-332.37	-30	-527.95
Lease Payments	-45.84	-39.29	-39.34	-38.37	-29.78	-22.2
Total Debt Repaid	-128.91	-64.79	-48.78	-332.37	-30	-527.95
Net Debt Issued (Repaid)	-67.68	-43.54	-42.38	286.38	3.73	-309
Issuance of Common Stock	6.66	-	-	-	341.81	371.34
Other Financing Activities	1.5	-	4.5	-0.72	-	-
Financing Cash Flow	-59.52	-43.54	-37.88	285.66	345.53	62.34

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-2.72	-42.27	-7.27	-13.3	17.47	-31.73
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-0.01	-
Net Cash Flow	948.49	777.48	225.52	292.38	-150.9	6.08

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	995.54	844.14	265.56	28.32	-555.46	-42.09
Free Cash Flow Growth	80.54%	217.87%	837.82%	-	-	-
Free Cash Flow Margin	11.72%	11.18%	3.64%	0.44%	-9.76%	-0.77%
Free Cash Flow Per Share	3.61	3.26	1.12	0.12	-3.02	-0.31
Levered Free Cash Flow	618.6	683.94	166.29	91.66	-276.72	43.42
Unlevered Free Cash Flow	668.92	743.36	235.55	176.19	-213.12	120.14
Free Cash Flow After Leases	949.71	804.86	226.22	-10.06	-585.24	-64.29

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	75.94	95.96	102.14	121.98	106.39	102.73
Cash Income Tax Paid	55.7	50.94	50.99	39.25	12.98	8.26
Change in Working Capital	349.47	434.35	249.3	298.06	165.81	151.44

Data Source: S&P Global Market Intelligence Last updated: Nov 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error