Nordex sees sharp rise in Q3 2025 profit

Core Insights - Nordex reported a significant increase in net income to €51.7 million ($59.6 million) for Q3 2025, up from €3.9 million in Q3 2024, driven by strong performance in project and service segments [1] - Sales for Q3 2025 were approximately €1.7 billion ($1.96 billion), consistent with the same quarter in 2024 [1] - EBITDA surged by 90.1% to €135.9 million in Q3 2025, compared to €71.5 million in Q3 2024, with the EBITDA margin rising to 8% from 4.3% year-over-year [1][2] Financial Performance - The company raised its full-year EBITDA margin guidance to a range of 7.5% to 8.5% [2] - Order intake in the projects segment reached 2,170 MW, a 25.7% increase from 1,726 MW in Q3 2024 [2] - The total value of new orders rose to €2 billion, up from €1.6 billion in the same quarter of the previous year [3] Production and Installation - Turbine production increased by 22.9% to 2,541 MW in Q3 2025, up from 2,067 MW in Q3 2024 [3] - However, rotor blade output fell by 24.7% to 1,122 units due to temporary delays at a supplier factory in Turkey [4] - In Q3 2025, the group installed 420 wind turbines across 20 countries, totaling 2,576 MW, with 82% of the installed capacity in Europe [4] Market Developments - Nordex secured orders from wpd for 21 turbines across six projects in Germany last month [5] - The company also announced its entry into Ecuador with a turbine order [5]