Nordex enters New Zealand with 192 MW order: Nordex stock sits 27.88 percent below high

Published on 10/23/2026 at 10:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nordex expects an 11.5 to 12.5 percent EBITDA margin in 2026. Nordex stock costs EUR 37.28 on October 23, 2026, 0.54 percent above the Xetra close.

Expansion and profitability signals

Nordex entered New Zealand with a 192 MW order on October 22, 2026.
Nordex expects an 11.5 to 12.5 percent EBITDA margin for full-year 2026, up from 8.0 to 11.0 percent.
Nordex stock trades at EUR 37.28 at 10:09 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.54 percent above the Xetra close of October 22, 2026.
Nordex will publish its third-quarter results on November 5, 2026.

Architektonisches Rendering einer Fabrikhalle mit langen Rotorblättern in Produktion — Nordex SE (DE000A0D6554) illustriert durch Architektur-Render einer modernen Rotorblatt-Fabrikhalle mit natürlichem Tageslicht, Illustration mit AI erstellt.

Nordex (ISIN DE000A0D6554) was trading at EUR 37.28 at Lang & Schwarz on October 23, 2026 at 10:09 a.m. CEST, 0.54 percent above the prior Xetra close. The company entered New Zealand with a 192 MW order from Mercury, according to Nordex on October 22, 2026.

New Zealand adds a foothold

Mercury ordered 40 N133/4.8 turbines for a wind farm in the Otago region of New Zealand's South Island. The project includes a 30-year service agreement, giving Nordex a long-term service connection alongside the equipment order.

Installation is scheduled to begin in early 2028, with commissioning of the first turbine planned for mid-2028. The order marks Nordex's entry into the New Zealand wind energy market and extends its onshore turbine business into a new country.

Chronology of Nordex orders

On October 12, 2026, Nordex reported third-quarter order intake of 2,810 MW, up 29.5 percent from 2,170 MW a year earlier, according to Nordex. On October 15, 2026, the company raised its full-year EBITDA margin guidance to 11.5 to 12.5 percent from 8.0 to 11.0 percent, with preliminary third-quarter EBITDA of EUR 278 million. On October 22, 2026, it announced the 192 MW Mercury project.

What does the margin change mean?

The revised margin range is the clearest profitability signal in the recent sequence. Preliminary third-quarter revenue was EUR 2,187 million, compared with EUR 1,706 million in the third quarter of 2025, while free cash flow reached EUR 379 million against EUR 149 million a year earlier, according to Nordex on October 15, 2026. The company attributed the improvement to higher Service segment margins and project execution.

Next reporting date is November 5

Nordex's investor-relations calendar lists November 5, 2026 for the publication of its third-quarter statement and a conference call. That date will provide the first full rather than preliminary view of the quarter's revenue, cash flow and margin performance, after the October guidance increase.

Stock stays below its yearly high

Nordex stock was trading at EUR 37.28 at Lang & Schwarz on October 23, 2026 at 10:09 a.m. CEST, 0.54 percent above the Xetra close of October 22, 2026 (EUR 37.08). The 52-week range is EUR 21.86 to EUR 51.70, putting the price 27.88 percent below the high. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.