Another major player in the wind turbine manufacturing industry, Nordex, announced record breaking financial performance. To be clear, these results were for the third quarter of 2025. The company announced sales of about €1.7 billion ($1.96 billion), which is roughly in line with the comparison fourth quarter of 2024. Nordex’s EBITDA soared by 90.1% to €135.9 million. Plus, its EBITDA margin skyrocketed to 8%—up from 4.3% in Q3 2024. This strong show of performance is a testament to the company’s operational strength and skillful management of working capital.
Along with financial results, Nordex pointed to a high order intake for the quarter. The projects segment had a remarkable 2,170 megawatts (MW) of order intake on projects. This success marks an impressive 25.7% jump from the 1,726 MW attained in Q3 2024. New orders boomed to €2 billion. This is a dramatic jump from €1.6 billion in the first half of 2022. Nordex continues to prove its broad global market reach with orders in 16 different countries. The orders included a large number of different turbine variants, illustrating the company’s creativity and flexibility.
Manufacturing and Production Growth
Nordex’s own manufacturing capabilities grew quite a bit in Q3 2025 as well. The company produced 366 rotor blades through internal production and procured an additional 756 rotor blades through external production. This combined strategy enabled Nordex to double its turbine manufacturing capacity. They deepened their delivery output lead percentagewise 22.9%, pushing it up to 2,541 MW, against just 2,067 MW in Q3 2024.
This expansion in turbine manufacturing capacity shows Nordex’s dedication to staying ahead of growing demand within the renewable energy space. The company’s ability to scale operations efficiently has created for it a distinct operational advantage in what is otherwise a highly competitive market space.
Upgraded Guidance and Future Outlook
Please share in our optimism for Nordex’s delivered performance and positive market indicators. To that end, the company increased its full-year EBITDA margin guidance to a range of 7.5% and 8.5%. The company’s leaders certainly don’t seem afraid about keeping their growth curve going. Yet it still continues to win new orders and rapidly scale up its manufacturing capacity.
José Luis Blanco, CEO of Nordex, commented on the company’s financial health, stating, “The significant free cash-flow generation highlights our operational strength and disciplined working capital management.” He further expressed confidence in the company’s future, saying, “With solid order intake and improved visibility, we are confident in sustaining this trajectory and delivering on our upgraded full-year guidance.”