Nordex lifts margin guidance. Nordex stock sits 27.27 percent below its high

Published on 10/21/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 EBITDA is expected at EUR 278.00 million versus EUR 136.00 million. Nordex stock costs EUR 37.60 on October 21, 2026 versus the EUR 37.82 Xetra close.

Margin guidance and reporting date

Nordex raised its full-year 2026 EBITDA margin guidance to 11.5 percent to 12.5 percent on October 15, 2026.
Preliminary third-quarter EBITDA is expected at EUR 278.00 million versus EUR 136.00 million in the third quarter of 2025.
Nordex stock trades at EUR 37.60 at 10:46 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.58 percent below the Xetra close of October 20, 2026.
Nordex will publish full third-quarter results on November 5, 2026.

Aquarellmalerei einer Küstenlandschaft mit Windturbinen auf grünen Klippen am Meer — Nordex SE (DE000A0D6554) in Aquarelloptik: Küstenlandschaft mit Windkraftanlagen entlang grüner Klippen am Meer, Illustration mit AI erstellt.

Nordex stock (ISIN DE000A0D6554) was trading at EUR 37.60 at Lang & Schwarz on October 21, 2026, at 10:46 a.m. CEST, 0.58 percent below the EUR 37.82 Xetra close of October 20, 2026. On October 15, 2026, Nordex SE raised its full-year 2026 EBITDA margin guidance to 11.5 percent to 12.5 percent from 8.0 percent to 11.0 percent.

Guidance improves on third-quarter figures

The preliminary third-quarter figures explain the revised outlook. EBITDA is expected at EUR 278.00 million for the third quarter of 2026, compared with EUR 136.00 million in the third quarter of 2025. Preliminary revenue is expected at EUR 2.19 billion, versus EUR 1.71 billion a year earlier, while free cash flow is expected at EUR 379.00 million compared with EUR 149.00 million.

Nordex SE attributed the improved performance to higher margins in its Service segment and strong project execution. The preliminary third-quarter EBITDA margin was 12.7 percent, compared with 8.0 percent in the third quarter of 2025. For investors, the key test is whether that margin conversion continues when the full report arrives.

Three dated Nordex milestones

On October 1, 2026, Nordex SE received a 56 MW order in Austria that included eight turbines and a 25-year service agreement. On October 6, 2026, Nordex SE announced 228 MW of orders across Europe. The current event came on October 15, 2026, with the EBITDA margin guidance raised to 11.5 percent to 12.5 percent.

What comes next for reporting

The next substantiated date is November 5, 2026, when Nordex will publish its full third-quarter results, according to Nordex SE. The release is scheduled to include the complete quarterly figures behind the preliminary margin and cash flow numbers.

Stock remains below yearly high

At EUR 37.60, the Nordex share price stood 27.27 percent below its 52-week high of EUR 51.70 on October 21, 2026. The 52-week low was EUR 21.86, putting the current price between the two market levels.

The stock was trading at EUR 37.60 at Lang & Schwarz on October 21, 2026, at 10:46 a.m. CEST, down 0.58 percent versus the Xetra close of EUR 37.82 on October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.