Nordex more than doubles Q2 EBITDA to EUR 223.8 million and reaffirms full-year 2026 guidance
AI Market Summary
Nordex posted a sharp profitability improvement in Q2, with EBITDA more than doubling and a stronger balance sheet, while order intake rose 32% and the backlog expanded materially. Reaffirmed 2026 guidance signals management confidence despite near-term installation volatility from project timing and supply delays. The results reinforce the broader European renewables capex narrative and offer incremental support to euro-area industrial manufacturing fundamentals.
Impact level
● Low
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▲ Bullish
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Nordex reported 2024 second-quarter revenue of EUR 2.18 billion, up 16.3% year over year, while EBITDA more than doubled to EUR 223.8 million and the EBITDA margin rose to 10.3%. Project order intake increased 32.2% to 3.05 GW, with new orders valued at EUR 3.0 billion. The company also reaffirmed its full-year 2026 guidance. The figures point to improving demand and profitability in Europe’s wind equipment market, offering fundamental support to euro area industrial manufacturing assets.
