Nordex, a leading wind turbine manufacturer, has reported a substantial uptick in earnings for the second quarter of 2025, signaling a robust performance that could reshape the wind energy sector’s competitive landscape. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged by approximately 64.3% to €108.2 million, with an EBITDA margin of 5.8%. This is a notable improvement from the €65.8 million recorded in the second quarter of 2024, which had an EBITDA margin of 3.5%.
The group’s strong order intake in Q2 2025, totaling 2.3 gigawatts (GW), coupled with a net income of €31 million (compared to €0.5 million in the previous year’s quarter), underscores a significant turnaround. Nordex Group chief executive José Luis Blanco attributed this performance to sustained customer demand and a solid competitive position. “We delivered a strong second quarter, continuing our positive momentum from the beginning of the year,” Blanco stated. “Our profitability levels further improved, and we closed the quarter with a strong free cash flow, significantly up from last year.”
Blanco’s optimism extends into the future, with the order intake momentum remaining strong. The order intake of 2310 megawatts (MW) in the Projects segment (excluding service business) was up by 81.7% compared to the previous year’s figure of 1271MW. The total value of new orders reached €2.2 billion (Q2 2024 €1.2bn)) and were received from nine countries, spanning various turbine models.
However, turbine production reached 1586MW in the second quarter of 2025, marking a decrease of 14.4% compared to last year’s corresponding quarter (1852MW), driven by project scheduling. Despite this, the Nordex Group installed 337 wind turbines across 16 countries, totaling 1959MW in the second quarter of 2025. This compares to 365 wind turbines in 19 countries with a total output of 1869MW in Q2 2024.
This news could shape the development of the wind energy sector in several ways. Firstly, Nordex’s improved profitability and strong order intake suggest a growing demand for wind energy solutions, which could encourage other manufacturers to innovate and compete more aggressively. Secondly, the company’s focus on diverse turbine models and international markets may prompt a shift towards more customized and region-specific wind energy solutions. Lastly, Nordex’s positive trajectory could accelerate the sector’s overall growth, reinforcing the role of wind energy in the global transition to renewable energy sources.