HAMBURG (dpa-AFX) – The wind turbine manufacturer Nordex earned significantly more in the third quarter. The company announced on Tuesday in Hamburg that consolidated earnings rose to almost 52 million euros in the three months to the end of September. A year earlier the profit was almost 4 million euros. In a conference call with analysts, management expressed confidence that it would be able to increase results for 2026 compared to the current year. However, headwind is currently coming from Turkey. Investors were satisfied after initial profit-taking.
After losses at the start of trading, the share price turned positive. Most recently it increased this to a good 2 percent. This means that the shares will now be 136 percent higher in 2025.
The MDAX-listed group confirmed the key figures from its day-to-day business after presenting the first key data for the third quarter at the end of October and raising the annual forecast for the operating profit margin (Ebitda). Nordex now expects the operating margin to be between 7.5 and 8.5 percent this year, instead of between 5 and 7 percent as previously expected. Nordex left the other elements of the annual forecast unchanged. In the medium term, Nordex continues to aim for an operating margin of 8 percent.
With a good final quarter, the manufacturer of wind turbines could achieve its medium-term margin target this year, noted analyst Leon Mühlenbruch from MWB Research. This in turn could lead to strong forecasts for the coming year.
For 2026, the level of incoming orders in the current final quarter will be crucial, said Nordex boss Jose Blanco. As already known, Nordex’s order intake in the third quarter was 2.2 gigawatts (GW). When asked by analysts in a conference call, CFO Ilya Hartmann confirmed that the coming year is expected to be better than 2025.
Nordex is currently having problems with its business in Turkey. According to the company, there are temporary delays at a supplier. Group boss Blanco clearly positioned himself on the Turkish business in the conference call, including in the long term. In order to solve the current problems, negotiations are ongoing with the affected parties and political actors, said the manager. However, he could not rule out the possibility that the problems would impact the results in 2026./lew/niw/he
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