Turbine manufacturer Nordex Group reported a marked improvement in profitability for the second quarter of 2026, with order intake up sharply and a positive free cash flow. The company confirmed its full-year guidance.
Revenue rose 16.3 per cent year on year to around €2.2bn. EBITDA more than doubled to €223.8m, from €108.2m a year earlier, lifting the EBITDA margin to 10.3 per cent from 5.8 per cent. Net profit climbed to €111.5m, compared with €31.0m in the same quarter of 2025, while free cash flow reached €165m.
Order intake in the projects segment rose 32.2 per cent to 3,054 MW, drawn from ten countries, with the average selling price stable at €0.97m per MW. By the end of June the order book stood at €18.4bn, up from €14.3bn a year earlier. “The results show the progress we have made in executing our projects and improving our profitability,” said CEO José Luis Blanco, adding that the company remains focused on reaching its medium-term margin target.
Nordex installed 1,168 MW across 15 countries in the quarter, with 87 per cent of installations in Europe. For the Baltic and wider European market, the manufacturer’s return to double-digit margins and a growing order book point to a supply chain regaining financial footing after several lean years — a precondition for the region’s onshore and offshore build-out.
