Nordex SE: Mid‑Term Performance Outpaces Expectations Amid Robust Order Book

Nordex SE, the German wind‑turbine manufacturer headquartered in Hamburg, has delivered a series of results that surpass analysts’ forecasts for the year 2025. The company reported that it has exceeded its previously communicated mid‑term EBITDA margin target, a development that has reinforced investor confidence in the firm’s long‑term growth prospects.

Q4 2025 Results

In its latest earnings announcement, Nordex disclosed that its fourth‑quarter performance matched expectations for revenue and beat the profit forecast for 2025. The company highlighted that it achieved all financial and operational objectives set for the year. “All financial and operational targets for 2025 were met, and the previously communicated mid‑term EBITDA margin target was exceeded,” the management statement confirmed, citing a solid bottom line that drove the company’s profitability upward.

The announcement also noted a record intake of orders during the reporting period. This surge in demand for onshore wind turbines contributed to the company’s strong financial outcome and positioned Nordex favorably for the upcoming years.

Mid‑Term Margin Target Raised

Nordex has updated its mid‑term margin outlook in response to the strong performance of the past year. The company’s earnings per share (EPS) and earnings before interest, taxes, depreciation, and amortization (EBITDA) grew beyond expectations, prompting the management to raise the mid‑term EBITDA margin target. According to the company’s statements, the new target reflects a more optimistic view of the company’s operating efficiency and its ability to convert sales into profits.

The upgrade comes after a modest growth trajectory in the preceding year, combined with a robust fourth‑quarter finish that significantly lifted the company’s results. The decision to lift the margin target underscores Nordex’s confidence in sustaining the momentum generated by its record order intake.

Market Context

  • Stock Exchange: Xetra (Germany)
  • Currency: EUR
  • Last Close (2026‑02‑23): €35.04
  • 52‑Week Range: €12.40 – €35.60
  • Market Capitalisation: €8.3 bn
  • Price‑to‑Earnings Ratio: 77

These figures illustrate the market’s current valuation of Nordex, which has a high P/E ratio reflecting strong investor expectations for future growth. The company’s position within the industrials sector, specifically the electrical equipment industry, is reinforced by its focus on the design, production, installation, and maintenance of wind turbines, blades, and control systems.

Outlook

With a record intake of orders and a confirmed ability to surpass its mid‑term EBITDA margin target, Nordex SE appears well positioned to continue delivering profitable growth. The company’s strong fourth‑quarter performance, coupled with the upward revision of its margin outlook, signals to investors that Nordex is effectively capitalising on the expanding wind‑energy market. As the firm continues to strengthen its operational footprint, stakeholders can expect further enhancements in both revenue and profitability, potentially solidifying Nordex’s standing as a leading player in the wind‑turbine manufacturing sector.