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Nordex, DE000A0D6554

Nordex stock: Q3 EBITDA more than doubles, outlook raised

Published on 11/05/2026 at 17:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nordex stock follows a stronger third quarter, with EBITDA more than doubling year on year. Nordex also raised its full-year margin outlook.

Nordex reports stronger quarterly performance

  • Third-quarter EBITDA more than doubled year on year as the margin widened to 12.7 percent.
  • Project and Service order books rose to a combined EUR 19.3 billion at September 30.
  • Nordex raised its full-year 2026 EBITDA margin guidance to 11.5 to 12.5 percent.
Nordex, DE000A0D6554, Illustration mit AI erstellt.
Nordex, DE000A0D6554, Illustration mit AI erstellt.

Nordex reported a stronger third quarter on Thursday, November 5, with EBITDA more than doubling year on year and its full-year margin outlook raised. The Nordex Group release was published at 07:00 CET and covered the quarter ended September 30, 2026.

Profitability strengthens in Q3

Sales increased 28.2 percent year on year to EUR 2.19 billion. EBITDA reached EUR 278.2 million, compared with EUR 135.9 million in the prior-year quarter, while the EBITDA margin rose to 12.7 percent from 8.0 percent. Net income nearly tripled to EUR 147.1 million.

Project order intake grew 29.5 percent to 2,810 MW. The order book reached EUR 19.3 billion at September 30, comprising EUR 12.2 billion in Projects and EUR 7.1 billion in Service. Service EBIT margin exceeded 20 percent at 20.6 percent, while Project EBIT margin improved to 13.1 percent.

Guidance moves higher

Nordex lifted its full-year 2026 EBITDA margin guidance to 11.5 to 12.5 percent from 8.0 to 11.0 percent. Sales guidance remains EUR 8.2 billion to EUR 9.0 billion, while capital expenditure is expected at about EUR 200 million. Free cash flow reached EUR 379.1 million in the third quarter, versus EUR 149.0 million a year earlier.

Execution remains the focus

Installations fell to 2,021 MW from 2,576 MW in the prior-year quarter. Nordex cited customer delays, transport permits and blade-related postponements in Türkiye. The improved margins and larger order book support the earnings picture, while project delivery remains an execution factor for investors.

Nordex stock traded at 40.97 euros on Lang & Schwarz at 17:36 CET on Thursday, November 5, 2026, 3.08 percent below the 42.27 euros quoted at 08:03 CET in the previous report. This move since that report is separate from the 0.17 percent decline against the Xetra close of Thursday, November 5, at 41.04 euros.

Investors can follow the real-time quote of Nordex stock for further trading updates.

German equities are trading against the broader backdrop of the DAX.

More news and analyses on Nordex stock are available on the company topic page.

Nordex SE at a glance

  • Company: Nordex SE
  • ISIN: DE000A0D6554
  • Ticker: NDX1.DE
  • Lang & Schwarz quote: EUR 40.97 at 17:36 CET on November 5, 2026
  • Change versus prior report: -3.08 percent from EUR 42.27 at 08:03 CET
  • Xetra close: EUR 41.04 on November 5, 2026
  • Exchange: Frankfurt Stock Exchange
  • Index membership: MDAX and TecDAX
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en | DE000A0D6554 | NORDEX | boerse | 70465443 |