Nordex, the German wind turbine manufacturer, has reported a significant boost in its third-quarter 2025 net income, surging to €51.7 million ($59.6 million) from a mere €3.9 million in the same period last year. This impressive turnaround is attributed to strong performance in both its project and service business segments. Despite consistent sales of approximately €1.7 billion ($1.96 billion) for Q3 2025, matching the previous year’s figures, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) skyrocketed by 90.1% to €135.9 million, up from €71.5 million in Q3 2024. Consequently, the EBITDA margin rose to 8%, a notable improvement from 4.3% in the third quarter of the previous year.
In light of this strong performance, Nordex has raised its full-year EBITDA margin guidance to a range of 7.5% to 8.5%. Nordex Group CEO José Luis Blanco expressed optimism, stating, “The significant free cash-flow generation highlights our operational strength and disciplined working capital management. With solid order intake and improved visibility, we are confident in sustaining this trajectory and delivering on our upgraded full-year guidance.”
The company’s order intake in the projects segment for the period reached 2,170MW, a 25.7% increase from 1,726MW in Q3 2024. The total value of new orders rose to €2 billion, up from €1.6 billion in the same quarter of the previous year, covering 16 countries and various turbine variants. The average selling price remained stable at €0.93 million per megawatt, compared to €0.92 million per megawatt in Q3 2024.
Turbine production increased by 22.9% to 2,541MW in Q3 2025, up from 2,067MW in Q3 2024. However, rotor blade output fell by 24.7% to 1,122 units, down from 1,490 units in the same quarter of the previous year, due to temporary delays at a supplier factory in Turkey. Of the total rotor blades produced, 366 units were manufactured in-house while 756 units were sourced externally.
In Q3 2025, the group installed 420 wind turbines across 20 countries, totalling 2,576MW. Of the installed capacity, 82% was in Europe, 6% in North America, 2% in Central/South America, and 10% in the rest of the world. Last month, Nordex secured orders from wpd for 21 turbines across six projects in Germany. The month prior to that, the company announced its entry into Ecuador with a turbine order.
This robust performance and strategic expansion could signal a shift in the wind energy sector, with Nordex potentially setting a new benchmark for operational efficiency and market reach. The company’s ability to maintain stable selling prices while increasing production and order intake may encourage competitors to reevaluate their strategies. Moreover, Nordex’s entry into new markets like Ecuador and its significant presence in Europe and North America could influence global wind energy dynamics, fostering increased competition and innovation. The sector may witness a renewed focus on operational excellence and disciplined working capital management as key drivers of profitability.