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Nordex Surges Past Earnings Expectations
27 Apr
Summary
- Nordex reported Q1 2026 core earnings of 131 million euros.
- Demand in core markets drove better-than-expected financial results.
- The company maintained its 2026 financial guidance based on performance.
Nordex, a German onshore wind turbine manufacturer, announced first-quarter 2026 earnings that exceeded analyst expectations. The company achieved earnings before interest, taxes, depreciation, and amortization (EBITDA) of 131 million euros for the period ending March 31, 2026. This figure surpasses the consensus forecast of 112 million euros and represents a significant increase from the 79.6 million euros recorded in the same quarter of the previous year.
The strong performance is attributed to sustained demand within Nordex's core markets, particularly in Europe where onshore wind capacity accounted for approximately 90% of installations last year. The company's CEO, José Luis Blanco, stated that the results and an EBITDA margin exceeding 8% confirm they are on track to meet their 2026 financial guidance. Sales for the first three months of 2026 reached 1.59 billion euros.
While Nordex experienced temporary delays at a supplier factory in Turkey during the quarter, its primary markets of Germany, Turkey, and Sweden continue to show robust activity. The company installed around 85% of its turbines in Europe during the first quarter, competing with major players like Vestas and Siemens Energy in a market that saw these three companies secure about two-thirds of European turbine orders in 2025.
