Nordex SE

NDX1

Equity

ISIN DE000A0D6554 / Valor 2083267

Xetra (2025-11-21)

EUR 25.48-5.70%

Nordex SE
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About company

Nordex SE is a prominent player in the global wind energy sector, specializing in the development, production, and servicing of wind turbines. With a focus on turbines in the 4+ to 6+ megawatt class, the company operates as both a manufacturer and a project developer for wind farms in select markets. Nordex's production facilities are strategically located in Germany, Spain, Brazil, the United States, and India, where they manufacture key components such as nacelles, rotor blades, and concrete towers. Headquartered in Hamburg and listed on the TecDAX and MDAX of the Frankfurt Stock Exchange, Nordex has expanded its global footprint significantly since its merger with Acciona Windpower in 2016. The company's comprehensive product portfolio is designed to meet diverse market needs, offering solutions for areas with limited space or grid capacity. Nordex also provides extensive after-sales services through a global network of approximately 480 service points, ensuring long-term support and optimization of energy production costs for a wide range of clients, from large utilities to small and medium enterprises. Founded in 1985, Nordex has a history of innovation, having pioneered the mass production of 1 MW turbines and being among the first to introduce turbines in the 2.5 MW and 4+ MW classes.

Summarized from source with an LLMView SourceSector: Energy

Order Book Growth

Nordex SE’s turbine order book surged by 28% year-over-year to €8.9 billion, while the service order book expanded by 32% to €5.5 billion. The combined order book now stands at €14.3 billion, reflecting strong demand across multiple regions.

Profitability Improvements

The company reported an EBITDA of €108 million, a 64% increase compared to Q2 2024, with the EBITDA margin improving by 223 basis points to 5.8%. This enhancement underscores Nordex SE’s effective cost management and operational efficiency.

Positive Net Income

Net income for Nordex SE rose significantly to €31 million from €0.5 million in the same quarter last year, placing the company in a net cash position of €942 million. This marks a substantial improvement in the company’s profitability.

Strong Free Cash Flow

Free Cash Flow reached €145 million, up from €94 million in Q2 2024, driven by strong cash flow from operating activities. This robust free cash flow supports ongoing investments and operational initiatives.

Market Position and Operations

Nordex SE maintained its leadership in the European wind energy market, with continued strong demand in key regions such as Germany, Türkiye, the Nordics, and the Baltic states. Order intake increased by 83% to €2.2 billion, highlighting the company’s strong market presence.

Solid Balance Sheet

The company reported a strong cash position of approximately €1.2 billion and an equity ratio of 18.0%, reflecting solid financial health. These metrics support Nordex SE’s capacity to navigate market challenges and capitalize on growth opportunities.

Summarized from source with an LLMView Source

Key figures

123%1Y

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Performance

39.7%1Y

40.0%3Y

40.0%5Y

Volatility