Nordex Group Raises 2025 Profitability Outlook Following Strong Third Quarter Performance
Wind turbine manufacturer Nordex Group has significantly increased its full-year 2025 EBITDA margin guidance to 7.5-8.5% following robust third-quarter results, signaling improved profitability in the renewable energy sector.
The Nordex Group announced an upward revision to its full-year 2025 EBITDA margin guidance, now expecting profitability in the range of 7.5% to 8.5%, compared to the previous forecast of 5.0% to 7.0%. This adjustment follows a review of preliminary third-quarter 2025 financial results and reflects improved operational performance across both project and service business segments.
Preliminary third-quarter results showed significant improvement, with EBITDA reaching EUR 136 million at an 8.0% margin, substantially higher than the EUR 72 million and 4.3% margin achieved in the same quarter of 2024. Revenue for the quarter is expected to be approximately EUR 1,706 million, broadly consistent with the prior year's EUR 1,671 million, despite seasonal dynamics and temporary supplier-related delays in Türkiye.
The company's financial position strengthened considerably during the period, with cash reserves increasing to EUR 1,378 million at the end of the third quarter, up from EUR 1,151 million at the end of 2024. Nordex generated EUR 298 million in free cash flow during the first nine months of 2025, compared to nil during the same period in 2024. Management expects positive free cash flow generation to continue in the fourth quarter, driven by additional profits, strong order intake momentum, and continued working capital improvement.
Jose Luis Blanco, CEO of Nordex Group, attributed the improved outlook to exceptional team performance. "Our teams have delivered exceptionally well in Q3, and the results reflect the strength of our execution in the projects and service segments," Blanco stated. "For the remainder of the year, we remain confident that we will be able to deliver a significant step up in profitability compared to 2024 levels."
Other elements of the full-year guidance remain unchanged, including sales projections of EUR 7.4 to EUR 7.9 billion, working capital ratio below -9%, and capital expenditures of approximately EUR 200 million. The company will release its complete third-quarter 2025 results on November 4, 2025, following an analyst and investor call scheduled for October 28, 2025, to discuss the preliminary results and upgraded outlook rationale.
The improved guidance from Nordex signals strengthening fundamentals in the wind energy sector, particularly for established manufacturers with diversified geographic operations and service capabilities. The company's performance indicates that renewable energy infrastructure companies are achieving better profitability despite ongoing supply chain challenges and market fluctuations. This upward revision suggests growing confidence in the sector's ability to deliver sustainable financial returns while supporting global energy transition goals.