Germany · Delayed Price · Currency is EUR Nordex SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong revenue and margin growth, with robust order intake and a solid financial position. Guidance for 2026 is reaffirmed, with continued focus on operational execution, service expansion, and risk management amid geopolitical and policy uncertainties.
Fiscal Year 2025
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2025 delivered record order intake, strong margin expansion, and robust free cash flow, surpassing key targets. Guidance for 2026 anticipates continued growth, with upgraded midterm EBITDA margin ambitions and the launch of a shareholder return policy.
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Q3 2025 saw record order intake, a 90% EBITDA increase, and a raised margin outlook to 7.5%-8.5%. Service EBIT margin exceeded 18%, and free cash flow remained robust. Blade production delays in Türkiye are contained, with global deliveries unaffected.
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Upgraded 2025 EBITDA margin guidance to 7.5%-8.5% after strong Q3 results, with improved service margins and robust free cash flow. Risks remain from project execution, Türkiye delays, and market competition, but operational progress and stable supply chain support the outlook.
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Q2 2025 delivered strong order intake, improved margins, and positive free cash flow, with robust growth in both turbine and service segments. Guidance for 2025 is reaffirmed, with confidence in margin and cash flow improvements, supported by a solid order book and strong European demand.
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Q1 2025 saw strong order intake, improved margins, and positive free cash flow, with robust service growth and a stable supply chain. Guidance for 2025 is reaffirmed, targeting further profitability and an 8% EBITDA margin mid-term.
Fiscal Year 2024
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Delivered record order intake, strong revenue growth, and first net profit in years, with improved margins and robust cash flow. 2025 guidance anticipates further margin expansion and sales growth, supported by a strong order book and favorable market trends.
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Order intake and sales grew year-over-year with stable pricing, while gross and EBITDA margins improved significantly. Liquidity and free cash flow strengthened, and the company expects to reach the top end of its EBITDA margin guidance for 2024, reaffirming its midterm 8% target.
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Order intake and installations remained strong in H1 2024, with EBITDA margin improving to 3.4% and gross margin reaching 19.5%. Guidance was tightened to the upper end, and the company is progressing with U.S. market re-entry and expects continued order momentum in H2.