Nordex Shares Signal a Sustainable Turnaround

Nordex reports €7.6B revenue & €274M profit for 2025, targets €8.2-9.0B revenue in 2026. Share price up 179% as new turbine tech wins first order.

With a pivotal annual general meeting scheduled for May 5, 2026, wind turbine manufacturer Nordex has released a fresh set of investor materials, laying out a compelling case for its ongoing corporate transformation. The update comes on the heels of a year marked by solid financial performance and a robust order book.

Financial Foundations Strengthen in 2025

The recently concluded 2025 fiscal year provided concrete evidence that the company's restructuring efforts are yielding results. Nordex booked revenue of approximately €7.6 billion and reported a group profit of €274.3 million. A key indicator of financial health, the equity ratio, climbed to 19.0%, signaling substantially improved balance sheet stability.

Looking ahead, management has set clear targets for 2026. The company aims to achieve revenue in the range of €8.2 to €9.0 billion. Its EBITDA margin is projected to land between 8.0% and 11.0%, with a medium-term goal of reaching 10% to 12%. This growth trajectory is to be supported by strict cost discipline, including an objective to reduce the working capital ratio to below minus 9% of group revenue by year-end.

Technological Innovation Opens New Markets

A recent contract win underscores Nordex's strategy of using technology as a primary growth driver. Last week, the company secured its first order for the N175/6.X turbine model, which features a hub height of 199 meters. This design allows for energy generation in inland regions with lower wind speeds by accessing higher, more consistent air currents, thereby improving the economic viability of projects for operators.

Market confidence appears to be building in parallel with these operational advances. The share price has surged approximately 179% over the past twelve months and is currently trading well above its 200-day average of just under €28. The continued backing of major institutional investors like BlackRock aligns with this positive market sentiment.

Upcoming Quarterly Report in Focus

The next significant milestone for investors will be the release of Nordex's Q1 2026 report on April 27. Analysts will scrutinize whether the strong order intake seen at the beginning of the year has been sustained. Particular attention will be paid to performance in Europe and North America, where the political and regulatory frameworks for onshore wind power are currently considered the most reliable.