Nordex confirms Q3 results with record cash position

Nordex SE confirmed its preliminary third-quarter results on Thursday, reporting sales of €2.186 billion, up 28% from the same period last year.

The German wind turbine manufacturer posted EBITDA of €278.2 million, representing a 13% margin, while EBIT rose 148% to €233.3 million. Net profit improved to €147.1 million compared to €51.7 million in the third quarter of 2025.

The company reported net cash of €2.031 billion, up from €1.625 billion in fiscal year 2025, following free cash flow of €379 million in the third quarter versus €149 million in the year-earlier period.

Order intake reached 2,810 megawatts, up 29.5% year-over-year, with a book-to-bill ratio of 1.3 times. The average selling price stood at €0.90 million per megawatt, down 3% from the third quarter of 2025 due to project scope and regional mix. The project order book reached a record €12.2 billion.

Nordex maintained its fiscal year 2026 guidance, which was raised on Oct. 15, targeting revenue of €8.2 billion to €9.0 billion and an EBITDA margin of 11.5% to 12.5%. The midpoint of the EBITDA guidance translates to €1.032 billion.

The company’s management said it remains confident about sustained order momentum for the fourth quarter of 2026.