Nordex SE NDX1.DE
Quarterly and annual results for Nordex stock (NDX1.DE) since 2023: revenue, earnings, balance sheet, cash flow and management guidance from IR documents, every figure with its source. As of 07/2026, quarterly reporting. Latest reading: Operating income doubled, Net income doubled, Margin expanding, Guidance confirmed, New market.
Published by Michael Wirl · About us · Methodology
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Nordex SE is a Hamburg-based manufacturer of onshore wind turbines that designs, produces, installs, and services wind energy systems for project developers and independent power producers worldwide. The company reports through two segments: Projects, covering turbine supply, engineering, and construction services for wind farms; and Service, providing long-term operation and maintenance contracts for installed turbine fleets. Projects revenue is recognized based on construction completion milestones, producing lumpy revenue patterns, while the Service segment delivers more recurring income streams from multi-year maintenance agreements. Nordex's business model is characterized by structurally negative working capital, as customers provide prepayments secured by bank guarantees ahead of turbine delivery, reducing external working capital financing needs. The company operates manufacturing and assembly facilities across Europe and serves markets in Europe, the Americas, Africa, and Asia, with commercial momentum tracked primarily through order intake and the combined backlog of both segments.
Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
Price & Chart#
Interactive price chart (TradingView) and the trend of key figures from the core tables. The price chart loads only after a click; at that point a connection to TradingView is established.
Daily candles with news and earnings markers. Loads only on click.
Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
Operating income reached 175.9 on revenue of 2,178.8 in 2026-Q2 while net debt stayed negative at -1,795 (net cash), and the change flags show growth accelerating, profitability improving and guidance confirmed 15
Quarterly revenue climbed from 1,435.2 to 2,178.8, with operating income moving from 35.1 to 175.9 and net income from 7.9 to 111.5 15
Restarted hub and drivetrain production at the West Branch, Iowa facility (June 2025) and entered the Canadian market with the N175/6.X turbine; conditional orders from Alliant Energy for up to 190 N133 and N163 Delta4000 turbines 13
Surpassed 40 GW cumulative turbine sales in September 2025; first N175/6.X installation on a concrete-steel hybrid tower and first order in Ecuador 13
Service revenue of 441.2 in 2026-H1 provides a recurring base alongside the Projects segment at 3340.3 15
Operating cash flow of 240.3 and free cash flow of 194.3 in 2026-Q2, with cash of 1,928.9 and a net cash position 15
ACCIONA Nordex Green Hydrogen joint venture and Nordex Electrolyzers development remain at planned/early stage 11
Sector trend: Wind turbine demand is firming, reflected in order intake, higher installed volumes and reactivated production capacity, while margins and operating income are recovering off low prior-year levels 13. Utilisation is supported by the North American restart and new market entries 13.
Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
2026 · 14 events
2026-Q2 · Apr – Jun 2026
Full-year 2026 guidance reiterated: sales EUR 8.2-9.0 billion, EBITDA margin 8.0-11.0%, capex around EUR 200 million 15
Operating income more than doubled YoY (65.7 to 175.9 EURm, +168%). 15
2026-Q1 · Jan – Mar 2026
Operating income more than doubled YoY (35.1 to 88.6 EURm, +152%). 14
Net cash position expanded to 1,795.0 EURm from 977.7 EURm in 2025-Q2 (+84%, derived from reported financial debt minus cash). 14
FY EBITDA margin reached 8.4%, up from 4.1% in 2024, exceeding the 8% mid-term target; gross margin improved to 27.0% from 21.0%, reflecting higher ASPs, better project mix, and lower raw material costs 13
Mid-term EBITDA margin target raised from 8% to 10-12% and EBIT margin target set at 8-10%, supported by volume growth, service profitability improvements, and manufacturing efficiency gains 13
Entered Canada market with N175/6.X turbine variant and secured first order in Ecuador, expanding the Latin America footprint 13
2025 · 21 events
FY2025 · Jan – Dec 2025
Free cash flow turned positive for the first time after 1 negative fiscal year (-37.9 to +847.4 EURm). 113
Operating income more than doubled YoY (115.4 to 449.8 EURm, +290%). 113
Operating cash flow reached 1,016.3 EURm vs 429.8 EURm in FY2024 (×2.4). 113
2025-Q4 · Oct – Dec 2025
Operating income more than doubled YoY (60.2 to 254.8 EURm, +323%). 13
2025-Q3 · Jul – Sep 2025
9M net income returned to EUR 90.5 million profit versus loss of EUR 8.7 million in the prior-year period 12
9M Projects segment order intake increased 34.4% to EUR 6,145.9 million; order book grew 36.1% to EUR 9,323.5 million 12
9M gross profit increased 29.5% to EUR 1,333.4 million from EUR 1,029.8 million in the prior-year period 12
Operating income more than doubled YoY (26.1 to 94.2 EURm, +261%). 12
2025-Q2 · Apr – Jun 2025
H1 consolidated net profit turned positive at EUR 38.8 million versus loss of EUR 12.6 million in H1 2024 11
H1 Projects segment order intake increased 33.8% to EUR 4,134.2 million from EUR 2,989.6 million in H1 2024 11
H1 gross margin improved to 25.9% from 19.5% in H1 2024, reflecting better cost of materials ratio 11
Operating income more than doubled YoY (22.2 to 65.7 EURm, +196%). 11
2025-Q1 · Jan – Mar 2025
Operating income more than doubled YoY (6.9 to 35.1 EURm, +409%). 14
Q1 net income improved to EUR 7.9 million profit from EUR -13.1 million loss in Q1 2024 10
Q1 EBITDA increased 52.6% to EUR 79.6 million with EBITDA margin expanding to 5.5% from 3.3% 10
Consolidated net income EUR 8.8M versus EUR -302.8M loss in 2023; EBITDA reached EUR 296.4M at 4.1% margin from EUR 2.0M at 0.0% in the prior year 9
FY revenue +12.5% to EUR 7,298.8M; growth decelerated from H1 2024's +24.7% as turbine installations fell 8.4% to 6,641 MW, normalizing after 2023 catch-up effects 9
Gross margin expanded to 21.0% from 15.2% in 2023, driven by higher ASP (EUR 0.90M/MW vs EUR 0.84M/MW) and lower raw material costs 9
2024 · 17 events
FY2024 · Jan – Dec 2024
Operating income turned positive for the first time after 1 negative fiscal year (-186.5 to +115.4 EURm). 113
Net income turned positive for the first time after 1 negative fiscal year (-302.8 to +8.8 EURm). 113
2024-Q4 · Oct – Dec 2024
Operating income more than doubled YoY (18.5 to 60.2 EURm, +225%). 11
Operating cash flow turned positive on a half-year basis (2024-H1: -72.2 to 2024-H2: +501.9 EURm, aggregated from reported quarters where needed). 11
2024-Q3 · Jul – Sep 2024
9M EBIT turned positive at EUR 55.2M versus EUR -205.0M loss in 9M 2023; EBITDA reached EUR 189.5M from EUR -66.6M in the prior-year period 8
9M FCF improved to EUR -0.4M from EUR -283.4M in 9M 2023, reaching near-breakeven 8
9M revenue growth decelerated to +14.0% YoY (EUR 5,105M) from +24.7% in H1 2024; installed capacity in 9M declined 10.0% to 4,981 MW 8
Operating cash flow reached 183.9 EURm vs 29.3 EURm in 2023-Q3 (×6.3). 8
2024-Q2 · Apr – Jun 2024
H1 revenue +24.7% to EUR 3,434M; H1 Projects segment order intake EUR 2,990M for 3,357 MW across 20 countries 7
FY2024 EBITDA margin guidance raised to 3.0-4.0% from prior range of 2.0-4.0% after H1 performance 7
Management Board decided to resume nacelle production at West Branch, Iowa plant for N163 and N169/5.X variants; new CEO appointed for North America division 7
2024-Q1 · Jan – Mar 2024
Net loss narrowed to EUR -13.1M from EUR -214.8M in Q1 2023, which carried the bulk of the prior year's full-year loss 6
Q1 revenue +29.3% to EUR 1,574.2M; Projects segment order intake +92.4% to EUR 1,764.9M 6
EBITDA margin improved to 3.3% from -9.4% in Q1 2023; EBITDA turned positive to EUR 52.1M from EUR -114.9M in the prior-year quarter 6
FY2023 EBITDA reached near break-even at EUR 2.0 million versus EUR -244.3 million in 2022, with profitability improving quarter-on-quarter through the year 5
Free cash flow turned positive at EUR 20.0 million from EUR -513.9 million in 2022, supported by operating cash flow of EUR 161.2 million versus a EUR -350.1 million outflow in the prior year 5
Cost of materials ratio improved to 85.0% from 91.9% in 2022, reflecting higher average selling prices and lower input costs; order intake rose 16.2% to EUR 7,135.2 million with Delta4000 platform representing over 90% of new orders 5
2023 · 9 events
2023-Q4 · Oct – Dec 2023
Net income turned positive for the first time after 3 negative periods (-34.8 to +30.9 EURm). 9
Operating cash flow turned positive on a half-year basis (2023-H1: -218.2 to 2023-H2: +379.4 EURm, aggregated from reported quarters where needed). 9
2023-Q3 · Jul – Sep 2023
9M 2023 EBITDA margin improved to -1.5% (EBITDA: EUR -66.6 million) from -5.2% (EUR -199.8 million) in 9M 2022, driven by higher average selling prices on newer projects 4
Management confirmed FY2023 guidance: consolidated sales EUR 5.6-6.1 billion, EBITDA margin -2.0% to 3.0%, capex EUR 200 million, working capital ratio below -9% 4
Operating income turned positive for the first time after 2 negative periods (-41.2 to +1.9 EURm). 4
2023-Q2 · Apr – Jun 2023
H1 2023 EBITDA margin improved to -4.2% (EBITDA: EUR -114.3 million) from -8.1% (EUR -173.3 million) in H1 2022, reflecting higher selling prices and better cost management 3
EUR 333 million green convertible bonds placed in April 2023 (4.25% coupon, EUR 15.73 conversion price, due April 2030) lifted net liquidity to EUR 359.7 million from EUR 244.3 million at year-end 2022 3
2023-Q1 · Jan – Mar 2023
Q1 2023 sales rose 30.5% to EUR 1,217.1 million, driven by higher installation volumes; installed capacity grew 52.1% to 1,319.3 MW across 19 countries 2
EGM on 27 March 2023 resolved conversion of EUR 346.7 million Acciona shareholder loans into equity, saving approximately EUR 46 million in annual interest; new shares registered 8 May 2023 2
Key Figures (€m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Fiscal years
| Period | Revenue | Op. income | Net income | EPS (€) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | 7,553.5 | 449.8EBIT | 274.3 | 1.13 | – | 1,016.3 | 113 |
| FY2024 | 7,298.8 | 115.4EBIT | 8.8 | 0.04 | – | 429.8 | 9 |
| FY2023 | 6,489.1 | -186.5EBIT | -302.8 | -1.33 | 2 | 161.2 | 9 |
Quarters
| Period | Published | Revenue | Op. income | Net income | EPS (€) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-Q2* | 2026-07-29 | 2,178.8 | 175.9 | 111.5 | 0.45*≈ | 194.3 | 1,928.9 | -1,673.3 | 15 |
| 2026-Q1* | 2026-04-27 | 1,587.7 | 88.6EBIT | 53.6 | 0.23≈ | -96.8 | 1,829.1 | -1,795 | 14 |
| 2025-Q4* | 2026-02-25 | 2,539.1 | 254.8 | 183.8 | 0.76*≈ | 559.9 | 1,928.9 | -1,624.7~ | 13 |
| 2025-Q3* | 2025-11-04 | 1,705.7 | 94.2 | 51.7 | 0.21*≈ | 146.7 | 1,378 | – | 12 |
| 2025-Q2* | 2025-07-28 | 1,873.5 | 65.7 | 30.9 | 0.13*≈ | 139.8 | 1,241.7 | -977.7 | 11 |
| 2025-Q1* | 2025-04-25 | 1,435.2 | 35.1EBIT | 7.9 | 0.03≈ | 1 | 1,131.9 | – | 10 |
| 2024-Q4* | 2025-02-27 | 2,193.6 | 60.2 | 17.5 | 0.08*≈ | 275.5 | 1,151.4 | -848.2~ | 9 |
| 2024-Q3* | 2024-11-07 | 1,670.7 | 26.1 | 3.9 | 0.02*≈ | 144 | 882.3 | -844.8 | 8 |
| 2024-Q2* | 2024-07-25 | 1,860.3 | 22.2 | 0.5 | 0.00*≈ | 94 | 747.2 | -702.4~ | 7 |
| 2024-Q1* | 2024-05-14 | 1,574.2 | 6.9EBIT | -13.1 | -0.06 | -236.4 | 661.1 | -616 | 6 |
| 2023-Q4* | 2024-02-29 | 2,074.1 | 18.5 | 30.9 | 0.14*≈ | 302.1 | 926 | -631.4~ | 5 |
| 2023-Q3* | 2023-11-14 | 1,723.6 | 1.9 | -34.8 | -0.15*≈ | -3.9 | 642.2 | -596.4 | 4 |
| 2023-Q2* | 2023-07-27 | 1,535.9 | -41.2 | -84.1 | -0.37*≈ | -167.5 | 651 | -605.8~ | 3 |
| 2023-Q1* | 2023-05-12 | 1,217.3 | -165.7EBIT | -214.8 | -1.01 | -100.5 | 518 | – | 2 |
Balance Sheet & Cash Flow (€m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
| Period | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-02-25 | 1,928.9 | 310.2 | -1,618.7 | 1,016.3 | 168.9 | 847.4 | 113 |
| FY2024 | 2025-02-27 | 1,151.4 | 309.2 | -842.3 | 429.8 | 152.6 | -37.9 | 9 |
| FY2023 | 2024-02-29 | 925.9 | 296.1 | -629.9 | 161.2 | 131 | 30.2 | 9 |
Quarters
| Period | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-07-29 | 1,928.9 | – | -1,673.3 | 240.3 | 46 | 194.3 | 15 |
| 2026-Q1 | 2026-04-27 | 1,829.1 | 34.1 | -1,795 | -69.3 | 27.5 | -96.8 | 14 |
| 2025-Q4 | 2026-02-25 | 1,928.9 | 310.2 | -1,624.7~ | 631.4 | 71.5 | 559.9 | 13 |
| 2025-Q3 | 2025-11-04 | 1,378 | – | – | 180.5 | 33.8 | 146.7 | 12 |
| 2025-Q2 | 2025-07-28 | 1,241.7 | 264 | -977.7 | 178.5 | 38.7 | 139.8 | 11 |
| 2025-Q1 | 2025-04-25 | 1,131.9 | – | – | 25.9 | 24.9 | 1 | 10 |
| 2024-Q4 | 2025-02-27 | 1,151.4 | 309.2~ | -848.2~ | 318 | 42.5 | 275.5 | 9 |
| 2024-Q3 | 2024-11-07 | 882.3 | 37.5 | -844.8 | 183.9 | 39.9 | 144 | 8 |
| 2024-Q2 | 2024-07-25 | 747.2 | 44.9~ | -702.4~ | 130.3 | 36.3 | 94 | 7 |
| 2024-Q1 | 2024-05-14 | 661.1 | 45.2 | -616 | -202.5 | 33.9 | -236.4 | 6 |
| 2023-Q4 | 2024-02-29 | 926 | 296.1~ | -631.4~ | 350.1 | 48 | 302.1 | 5 |
| 2023-Q3 | 2023-11-14 | 642.2 | 45.8 | -596.4 | 29.3 | 33.2 | -3.9 | 4 |
| 2023-Q2 | 2023-07-27 | 651 | 45.2 | -605.8~ | -142.6 | 24.9 | -167.5 | 3 |
| 2023-Q1 | 2023-05-12 | 518 | – | – | -75.6 | 24.9 | -100.5 | 2 |
Revenue by Type (as of 2026-Q2 · EURm · 2/6)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Source |
|---|---|---|---|---|---|
| Projects | 2022-Q1 | 2026-H1 | 6M | 3,340.3 | 15 |
| Service | 2022-Q1 | 2026-H1 | 6M | 441.2 | 15 |
| Europe | FY2023 | FY2024 | 12M | 5,818.7 | 9 |
| Latin America | FY2023 | FY2024 | 12M | 669.5 | 9 |
| North America | FY2023 | FY2024 | 12M | 426.7 | 9 |
| Rest of world | FY2023 | FY2024 | 12M | 383.9 | 9 |
Products & M&A (12/25 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| Revised sustainability strategy launch | 2026-06 | Launched | 13 |
| Surpassed 40 GW cumulative turbine sales milestone | 2025-09 | Launched | 13 |
| West Branch, Iowa nacelle production resumption | 2025-06 | Launched | 7 |
| Restarted operations at West Branch Iowa facility for hub and drivetrain production | 2025-06 | Launched | 13 |
| Delta4000 platform (4x) | 2025-06 | Launched | 13 |
| New converter test bench at Rostock facility | 2025 | Launched | 13 |
| First order in Ecuador | 2025 | Launched | 13 |
| Entry into Canadian market with N175/6.X turbine | 2025 | Launched | 13 |
| N175/6.X turbine on 179-meter hybrid tower (3x) | 2024-11 | Launched | 13 |
| N169/5.X turbine launch for US market (2x) | 2024-07 | Launched | 7 |
| US production facility restart | 2024 | Launched | 13 |
| Rotor blade production facility in Spain (3x) | 2026-07 | Discontinued (2026-07) | 15 |
| Generation Delta wind turbine development (2x) | 2025-06 | Launched | 9 |
| Electrolyzer project development | 2025-06 | Launched | 11 |
| Hybrid tower 200m hub height for N175/6.X | 2024-09 | Launched | 9 |
| N175/6.X turbine type approval | 2024-07 | Launched | 9 |
| West Branch manufacturing facility restart | 2024-06 | Launched | 9 |
| TUV SUD type approval for 179-meter hybrid tower | 2024-03 | Launched | 9 |
| N175/6.X turbine with hybrid tower certification in Germany | 2024-03 | Launched | 7 |
| North American market re-entry initiative | 2024 | Stable | 9 |
| Nordex Electrolyzers - electrolyzer development with Sodena (85% ownership) | 2024 | Launched | 9 |
| N175/6.X turbine equipment investment | 2024 | Launched | 9 |
| Repayment of EUR 275 million high-yield bond | 2023 | Launched | 5 |
| Potential West Branch Iowa facility reactivation | 2023 | Launched | 5 |
| Electrolyzer development for green hydrogen production | 2023 | Launched | 5 |
M&A (10)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Alliant Energy conditional orders for up to 190 N133 and N163 Delta4000 turbines | 2025-12 | Completed | 13 |
| Ecuadorian market order for 69 MW wind farm | 2025-09 | Completed | 13 |
| Syndicated guarantee facility extension | 2024-02 | Completed | 5 |
| Unsecured green convertible bond EUR 330 million | 2023-04 | Completed | 2 |
| Electrolyzer development joint venture Nordex Electrolyzers | 2023-03 | Completed | 2 |
| Corporate bond repayment | 2023-02 | Completed | 4 |
| Green hydrogen projects joint ventures (6×) | 2023 | Completed | 9 |
| Convertible bonds issuance (6×) | 2023 | Completed | 4 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Sale-and-leaseback of Rostock blade production facility | 2026-07 | Divested | 15 |
| Closure of Matamoros, Mexico production site operated by TPI | 2024 | Divested | 9 |
Reported KPIs (as disclosed) (288)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-07-29 | 2026-H1 | Working capital ratio | -8.3% | 15 |
| 2026-07-29 | 2026-H1 | Turbines produced | 586 | 15 |
| 2026-07-29 | 2026-H1 | Turbine availability | 97.0% | 15 |
| 2026-07-29 | 2026-H1 | Staff costs | 447.7 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Service turbines worldwide | 14,027 | 15 |
| 2026-07-29 | 2026-H1 | Service turbines nominal output | 50.8 | 15 |
| 2026-07-29 | 2026-H1 | Order intake (Service segment) prior year | 831.4 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order intake (Service segment) | 1,201.8 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order intake (Projects segment) prior year | 4,134.2 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order intake (Projects segment) | 4,683.1 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order book (Service segment) prior year | 5,473.1 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order book (Service segment) | 6,807.1 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order book (Projects segment) prior year | 8,852.5 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Order book (Projects segment) | 11,577.6 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | Nominal output of produced turbines | 3,448 | 15 |
| 2026-07-29 | 2026-H1 | Installations prior year | 3,004 | 15 |
| 2026-07-29 | 2026-H1 | Installations | 2,323 | 15 |
| 2026-07-29 | 2026-H1 | In-house blade production | 752 | 15 |
| 2026-07-29 | 2026-H1 | Gross margin | 27.9% | 15 |
| 2026-07-29 | 2026-H1 | Equity ratio | 20.6% | 15 |
| 2026-07-29 | 2026-H1 | Equity | 1,458.3 (EUR EUR million) | 15 |
| 2026-07-29 | 2026-H1 | EBITDA margin | 9.4% | 15 |
| 2026-07-29 | 2026-H1 | EBIT margin | 7.0% | 15 |
| 2026-07-29 | 2026-H1 | Book-to-bill ratio | 1.4 | 15 |
| 2026-07-29 | 2026-H1 | Blade production | 2,515 | 15 |
| 2026-07-29 | 2026-H1 | Average turbine price (ASP) | 0.95 | 15 |
| 2026-04-27 | 2026-Q1 | Working capital ratio | – 9.0% | 14 |
| 2026-04-27 | 2026-Q1 | Turbine availability | 97% | 14 |
| 2026-04-27 | 2026-Q1 | Staff costs | –227.7 | 14 |
| 2026-04-27 | 2026-Q1 | Order intake, service segment | 683.0 (EUR EUR million) | 14 |
| 2026-04-27 | 2026-Q1 | Order intake, projects segment | 1,706.6 (EUR EUR million) | 14 |
| 2026-04-27 | 2026-Q1 | Order book, service segment | 6,473.5 (EUR EUR million) | 14 |
| 2026-04-27 | 2026-Q1 | Order book, projects segment | 10,495.2 (EUR EUR million) | 14 |
| 2026-04-27 | 2026-Q1 | Installations | 1,155.5 | 14 |
| 2026-04-27 | 2026-Q1 | Equity ratio | 19.4% | 14 |
| 2026-04-27 | 2026-Q1 | Equity | 1,336.5 (EUR EUR million) | 14 |
| 2026-04-27 | 2026-Q1 | EBITDA margin | 8.2% | 14 |
| 2026-02-25 | FY2025 | Turbine installations | approximately 8.5 GW | 13 |
| 2026-02-25 | FY2025 | Remaining performance obligation services | 245,083 | 13 |
| 2026-02-25 | FY2025 | Order intake | 8,482,570 (EUR EUR thousand) | 13 |
| 2026-02-25 | FY2025 | Order book | solid visibility for 2026 | 13 |
| 2026-02-25 | FY2025 | Gross margin | 27.0 | 13 |
| 2026-02-25 | FY2025 | Working capital ratio | -12.4 | 13 |
| 2026-02-25 | FY2025 | Working capital ratio | -12.4 % | 13 |
| 2026-02-25 | FY2025 | Working capital | -934,741 (EUR EUR thousand) | 13 |
| 2026-02-25 | FY2025 | Turbine availability | 97.0 | 13 |
| 2026-02-25 | FY2025 | Total auditor fees | 1,643 | 13 |
| 2026-02-25 | FY2025 | Total assets | 6,752.0 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | Total Case Incident Rate | 8.0 | 13 |
| 2026-02-25 | FY2025 | Staff costs | 820.3 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | Service turbines | 13,868 | 13 |
| 2026-02-25 | FY2025 | Service capacity | 48.3 | 13 |
| 2026-02-25 | FY2025 | Other assurance services | 363 | 13 |
| 2026-02-25 | FY2025 | Order book Service | 5,971.6 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | Order book Projects | 10,122.0 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | Non-current liabilities | 1,111.4 | 13 |
| 2026-02-25 | FY2025 | Non-current assets | 2,000.7 (EUR millions) | 13 |
| 2026-02-25 | FY2025 | Installed MW | 7,663 | 13 |
| 2026-02-25 | FY2025 | Gross profit | 2,038.8 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | Equity ratio | 19.0 | 13 |
| 2026-02-25 | FY2025 | Equity | 1,283.3 (EUR EUR million) | 13 |
| 2026-02-25 | FY2025 | EBITDA margin | 8.4 | 13 |
| 2026-02-25 | FY2025 | EBIT margin | 6.0 | 13 |
| 2026-02-25 | FY2025 | Current liabilities | 4,357.3 | 13 |
| 2026-02-25 | FY2025 | Current assets | 4,751.4 (EUR millions) | 13 |
| 2026-02-25 | FY2025 | CO emissions avoided | 92.2 | 13 |
| 2026-02-25 | FY2025 | Auditing services | 1,280 | 13 |
| 2025-11-04 | 2025-Q3 | Turbine availability | 97.0% | 12 |
| 2025-11-04 | 2025-Q3 | Order book, service segment | 5,587.8 (EUR EUR million) | 12 |
| 2025-11-04 | 2025-Q3 | Order book, projects segment | 9,323.5 (EUR EUR million) | 12 |
| 2025-11-04 | 2025-Q3 | Net cash | 1,073.0 (EUR EUR million) | 12 |
| 2025-11-04 | 2025-Q3 | Installed capacity | 5,579.9 | 12 |
| 2025-11-04 | 2025-Q3 | Equity ratio | 18.3% | 12 |
| 2025-11-04 | 2025-Q3 | EBITDA margin | 6.5% | 12 |
| 2025-07-28 | 2025-H1 | Working capital ratio | -7.5% | 11 |
| 2025-07-28 | 2025-H1 | Warranty provisions | 510,278 (EUR EUR thousand) | 11 |
| 2025-07-28 | 2025-H1 | Turbine availability | 97.0% | 11 |
| 2025-07-28 | 2025-H1 | Property, plant and equipment | 471,259 | 11 |
| 2025-07-28 | 2025-H1 | Order book (Service segment) | 5,473.1 (EUR EUR million) | 11 |
| 2025-07-28 | 2025-H1 | Order book (Projects segment) | 8,852.5 (EUR EUR million) | 11 |
| 2025-07-28 | 2025-H1 | Installed capacity | 3,004 | 11 |
| 2025-07-28 | 2025-H1 | Gross margin | 25.9% | 11 |
| 2025-07-28 | 2025-H1 | Equity ratio | 18.0% | 11 |
| 2025-07-28 | 2025-H1 | Equity | 1,012,312 (EUR EUR thousand) | 11 |
| 2025-07-28 | 2025-H1 | EBITDA margin | 5.7% | 11 |
| 2025-07-28 | 2025-H1 | EBIT margin | 3.0% | 11 |
| 2025-07-28 | 2025-H1 | Capitalized development expenses | 193,744 (EUR EUR thousand) | 11 |
| 2025-04-25 | 2025-Q1 | Working capital ratio | -8.3% | 10 |
| 2025-04-25 | 2025-Q1 | Turbine availability | 97% | 10 |
| 2025-04-25 | 2025-Q1 | Total assets | 5,635.3 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | Staff cost ratio | 13.7% | 10 |
| 2025-04-25 | 2025-Q1 | Order intake service segment | 393.4 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | Order intake projects segment | 1,889.8 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | Order book service segment | 5,207.8 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | Order book projects segment | 8,248.7 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | Net liquidity | 823.7 | 10 |
| 2025-04-25 | 2025-Q1 | Installed capacity | 1,045.8 | 10 |
| 2025-04-25 | 2025-Q1 | Equity ratio | 17.6% | 10 |
| 2025-04-25 | 2025-Q1 | Equity | 994.2 (EUR EUR million) | 10 |
| 2025-04-25 | 2025-Q1 | EBITDA margin | 5.5% | 10 |
| 2025-02-27 | FY2024 | Turbine installations | 6.6 GW | 9 |
| 2025-02-27 | FY2024 | Service business growth | 14% | 9 |
| 2025-02-27 | FY2024 | Order intake remaining performance obligation services | 212,485 (EUR thousands) | 9 |
| 2025-02-27 | FY2024 | Order intake remaining performance obligation projects | 5,525,684 (EUR thousands) | 9 |
| 2025-02-27 | FY2024 | Order book projects segment | 7.8 billion | 9 |
| 2025-02-27 | FY2024 | Order book increase YoY | 13% | 9 |
| 2025-02-27 | FY2024 | Order book coverage 2025 sales | around 80% | 9 |
| 2025-02-27 | FY2024 | Net cash | 848 million | 9 |
| 2025-02-27 | FY2024 | Multi-currency guarantee facility | 1.06 billion | 9 |
| 2025-02-27 | FY2024 | Equity ratio | 17.3% | 9 |
| 2025-02-27 | FY2024 | Equity | 1,425.1 million | 9 |
| 2025-02-27 | FY2024 | Convertible bond net proceeds | 333 million | 9 |
| 2025-02-27 | FY2024 | Working capital ratio | -9.1 | 9 |
| 2025-02-27 | FY2024 | Working capital | -663,261 (EUR in thousands) | 9 |
| 2025-02-27 | FY2024 | Turbines produced | 1,312 | 9 |
| 2025-02-27 | FY2024 | Turbines installed | 1,227 | 9 |
| 2025-02-27 | FY2024 | Turbine availability | 97 | 9 |
| 2025-02-27 | FY2024 | Staff costs | 727.3 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Staff cost ratio | 10.0 | 9 |
| 2025-02-27 | FY2024 | Service turbines under contract | 12,757 | 9 |
| 2025-02-27 | FY2024 | Service turbines capacity | 41.3 | 9 |
| 2025-02-27 | FY2024 | Service turbine availability | 97 | 9 |
| 2025-02-27 | FY2024 | Service business under management | 41.3 GW | 9 |
| 2025-02-27 | FY2024 | Rotor blades sourced (external) | 3,884 | 9 |
| 2025-02-27 | FY2024 | Rotor blades produced (in-house) | 1,537 | 9 |
| 2025-02-27 | FY2024 | Property, plant and equipment | 545,343 | 9 |
| 2025-02-27 | FY2024 | Production output | 7,609.0 | 9 |
| 2025-02-27 | FY2024 | Order intake, Projects segment | 7,461.5 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order intake, Service segment | 1,981.2 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order intake (Service segment) | 1,981.2 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order intake, Projects segment (GW) | 8.3 (EUR GW) | 9 |
| 2025-02-27 | FY2024 | Order intake (Projects segment) | 7,461.5 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order book, Service segment | 4,974.1 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order book, Projects segment | 7,803.9 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order book (Service segment) | 4,974.1 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Order book (Projects segment) | 7,803.9 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | Net liquidity | 848.2 | 9 |
| 2025-02-27 | FY2024 | Lost Time Injury Frequency (LTIF) | 1.45 | 9 |
| 2025-02-27 | FY2024 | Investment in ACCIONA Nordex Green Hydrogen, S.L | 99,582 (EUR in thousands) | 9 |
| 2025-02-27 | FY2024 | Installed capacity | 6,641.4 | 9 |
| 2025-02-27 | FY2024 | Gross margin | 21.0 | 9 |
| 2025-02-27 | FY2024 | Equity ratio | 17.7 | 9 |
| 2025-02-27 | FY2024 | Equity | 996.6 (EUR EUR million) | 9 |
| 2025-02-27 | FY2024 | EBITDA margin | 4.1 | 9 |
| 2025-02-27 | FY2024 | EBIT margin | 1.6 | 9 |
| 2025-02-27 | FY2024 | Contract assets from projects | 838,229 (EUR in thousands) | 9 |
| 2025-02-27 | FY2024 | Capitalized development expenses | 184,838 (EUR in thousands) | 9 |
| 2025-02-27 | FY2024 | CO emissions avoided | 81.01 | 9 |
| 2025-02-27 | FY2024 | Average selling price (ASP) | 0.90 | 9 |
| 2024-11-07 | 2024-Q3 | Working capital ratio | – 7.3 | 8 |
| 2024-11-07 | 2024-Q3 | Order intake, Projects segment | 4,572 (EUR EUR million) | 8 |
| 2024-11-07 | 2024-Q3 | Installed capacity | 4,981 | 8 |
| 2024-11-07 | 2024-Q3 | Equity ratio | 18.5 | 8 |
| 2024-11-07 | 2024-Q3 | EBITDA margin | 3.7 | 8 |
| 2024-07-25 | 2024-H1 | Working capital ratio | – 7.4 | 7 |
| 2024-07-25 | 2024-H1 | Wages and salaries | 279,421 | 7 |
| 2024-07-25 | 2024-H1 | Total income tax | 3,156 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | Social security and retirement benefit expenses | 58,528 | 7 |
| 2024-07-25 | 2024-H1 | Serviced wind turbines | 12,425 | 7 |
| 2024-07-25 | 2024-H1 | Serviced capacity GW | 39.3 | 7 |
| 2024-07-25 | 2024-H1 | Own work capitalized | 21,811 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | Other interest and similar income | 8,110 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | Order intake Service segment | 812.2 (EUR EUR million) | 7 |
| 2024-07-25 | 2024-H1 | Order intake Projects segment | 2,989.6 (EUR EUR million) | 7 |
| 2024-07-25 | 2024-H1 | Order book Service segment | 4,142.0 (EUR EUR million) | 7 |
| 2024-07-25 | 2024-H1 | Order book Projects segment | 6,890.4 (EUR EUR million) | 7 |
| 2024-07-25 | 2024-H1 | Net liquidity | 445.8 | 7 |
| 2024-07-25 | 2024-H1 | Interest result | -44,580 | 7 |
| 2024-07-25 | 2024-H1 | Interest and similar expenses | -52,690 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | Installed capacity MW | 2,971 | 7 |
| 2024-07-25 | 2024-H1 | Equity ratio | 17.9 | 7 |
| 2024-07-25 | 2024-H1 | EBITDA margin | 3.4 | 7 |
| 2024-07-25 | 2024-H1 | EBIT margin | 0.8 | 7 |
| 2024-07-25 | 2024-H1 | Depreciation of property, plant and equipment | 68,776 | 7 |
| 2024-07-25 | 2024-H1 | Current income tax | -25,404 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | Contingent liabilities from guarantees | 648 | 7 |
| 2024-07-25 | 2024-H1 | Book-to-bill ratio | 0.96 | 7 |
| 2024-07-25 | 2024-H1 | Amortization of capitalized development expenses | 17,934 (EUR EUR thousand) | 7 |
| 2024-07-25 | 2024-H1 | ASP per MW | 0.89 | 7 |
| 2024-05-14 | 2024-Q1 | Working capital ratio | –7.0 | 6 |
| 2024-05-14 | 2024-Q1 | Staff cost ratio | 10.6 | 6 |
| 2024-05-14 | 2024-Q1 | Order intake Projects segment | 1,764.9 (EUR EUR million) | 6 |
| 2024-05-14 | 2024-Q1 | Installed capacity | 1,102.9 | 6 |
| 2024-05-14 | 2024-Q1 | Equity ratio | 18.6 | 6 |
| 2024-05-14 | 2024-Q1 | EBITDA margin | 3.3 | 6 |
| 2024-02-29 | FY2023 | Order book projects segment | EUR 6.9 billion | 5 |
| 2024-02-29 | FY2023 | Order book coverage 2024 sales | 78% | 5 |
| 2024-02-29 | FY2023 | Working capital ratio | -11.5 | 5 |
| 2024-02-29 | FY2023 | Working capital | -745,681 (EUR thousand) | 5 |
| 2024-02-29 | FY2023 | Uncommitted Guarantee Facility | 600,000 | 5 |
| 2024-02-29 | FY2023 | Syndicated multi-currency guarantee facility - total amount | 1,302,000 (EUR thousand) | 5 |
| 2024-02-29 | FY2023 | Staff costs | 629.8 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Staff cost ratio | 9.7 | 5 |
| 2024-02-29 | FY2023 | Service contract remaining obligation | 185,944 | 5 |
| 2024-02-29 | FY2023 | Property, plant and equipment | 554,426 | 5 |
| 2024-02-29 | FY2023 | Performance Share Units Plan - total expense | 580 | 5 |
| 2024-02-29 | FY2023 | Order intake (Service segment) | 923.9 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Order intake (Projects segment) | 6,211.3 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Order intake (Group) | 7,135.2 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Order intake | 6,196,422 (EUR EUR thousand) | 5 |
| 2024-02-29 | FY2023 | Order book (Service segment) | 3,626.2 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Order book (Projects segment) | 6,911.2 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Order book (Group) | 10,537.4 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Net liquidity | 631 | 5 |
| 2024-02-29 | FY2023 | Installed capacity | 7,253.2 | 5 |
| 2024-02-29 | FY2023 | Forward exchange transactions nominal value | 120,226 (EUR thousand) | 5 |
| 2024-02-29 | FY2023 | Equity ratio | 18.0 | 5 |
| 2024-02-29 | FY2023 | Equity as of 31 Dec. | 978.1 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | EBITDA margin | 0.0 | 5 |
| 2024-02-29 | FY2023 | Contract liabilities from projects | 1,319,553 | 5 |
| 2024-02-29 | FY2023 | Contract assets from projects | 780,352 (EUR thousand) | 5 |
| 2024-02-29 | FY2023 | Cash and cash equivalents | 926 (EUR EUR million) | 5 |
| 2024-02-29 | FY2023 | Capitalized development expenses | 169,785 (EUR thousand) | 5 |
| 2023-11-14 | 2023-Q3 | Working capital ratio | – 10.2 | 4 |
| 2023-11-14 | 2023-Q3 | Wages and salaries | 376,878 | 4 |
| 2023-11-14 | 2023-Q3 | Total turbines supported in Service segment | 10,999 | 4 |
| 2023-11-14 | 2023-Q3 | Total staff costs | 459,921 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Total output of supported turbines | 33.3 | 4 |
| 2023-11-14 | 2023-Q3 | Total income tax | -30,404 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Technical staff (Reporting date 30 Sep. 2023) | 5,051 | 4 |
| 2023-11-14 | 2023-Q3 | Staff costs | 459.9 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Social security and retirement benefit expenses | 83,043 | 4 |
| 2023-11-14 | 2023-Q3 | Service order book | 3,593.6 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Profit/loss from equity-accounted investments | -162 | 4 |
| 2023-11-14 | 2023-Q3 | Own work capitalized | 26,288 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Other interest and similar income | 7,226 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Order intake (Service segment) | 742 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Order intake | 4,143 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Order book (Projects segment) | 6,655 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Order book | 10,249 (EUR EUR million) | 4 |
| 2023-11-14 | 2023-Q3 | Office staff (Reporting date 30.09.2023) | 4,857 | 4 |
| 2023-11-14 | 2023-Q3 | Nordex H2, S.L shareholding | 50.00% | 4 |
| 2023-11-14 | 2023-Q3 | Net liquidity | 344.3 | 4 |
| 2023-11-14 | 2023-Q3 | Liabilities to non-consolidated entities | 128 | 4 |
| 2023-11-14 | 2023-Q3 | Interest result | -98,134 | 4 |
| 2023-11-14 | 2023-Q3 | Interest and similar expenses | -105,360 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Installed capacity | 5,537 | 4 |
| 2023-11-14 | 2023-Q3 | Income from investments | 0 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Impairment of investments | 0 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Guarantees | 880 | 4 |
| 2023-11-14 | 2023-Q3 | GN Renewable Investments S.a.r.l. shareholding | 30.00% | 4 |
| 2023-11-14 | 2023-Q3 | Equity ratio | 18.8 | 4 |
| 2023-11-14 | 2023-Q3 | EBITDA margin | – 1.5 | 4 |
| 2023-11-14 | 2023-Q3 | EBIT margin | – 4.5 | 4 |
| 2023-11-14 | 2023-Q3 | Current income tax | -27,051 (EUR EUR thousand) | 4 |
| 2023-11-14 | 2023-Q3 | Book-to-bill ratio | 1.03 | 4 |
| 2023-11-14 | 2023-Q3 | Average technical staff | 4,912 | 4 |
| 2023-11-14 | 2023-Q3 | Average selling price per MW | 0.85 | 4 |
| 2023-11-14 | 2023-Q3 | Average office staff | 4,652 | 4 |
| 2023-11-14 | 2023-Q3 | Acciona S.A. shareholding | 47.1% | 4 |
| 2023-07-27 | 2023-H1 | Working capital ratio | –9.6 | 3 |
| 2023-07-27 | 2023-H1 | Weighted average number of shares | 223,318,313 | 3 |
| 2023-07-27 | 2023-H1 | Subscribed capital | 236,450 (EUR EUR thousand) | 3 |
| 2023-07-27 | 2023-H1 | Staff cost ratio | 10.8 | 3 |
| 2023-07-27 | 2023-H1 | Share in equity attributable to shareholders of the parent | 990,555 | 3 |
| 2023-07-27 | 2023-H1 | Reserve for cash flow hedge costs | –187 | 3 |
| 2023-07-27 | 2023-H1 | Other non-current financial liabilities - lease liabilities | 145,925 | 3 |
| 2023-07-27 | 2023-H1 | Other non-current financial liabilities - convertible bonds | 239,617 | 3 |
| 2023-07-27 | 2023-H1 | Other current non-financial liabilities - tax liabilities | 89,514 | 3 |
| 2023-07-27 | 2023-H1 | Other current non-financial liabilities - accrued liabilities | 105,090 | 3 |
| 2023-07-27 | 2023-H1 | Other current financial liabilities - lease liabilities | 33,560 | 3 |
| 2023-07-27 | 2023-H1 | Other current financial liabilities - guarantee commissions | 10,426 | 3 |
| 2023-07-27 | 2023-H1 | Other current financial liabilities - forward exchange transactions | 41,491 | 3 |
| 2023-07-27 | 2023-H1 | Order intake Projects segment | 2,354 (EUR EUR million) | 3 |
| 2023-07-27 | 2023-H1 | Order book Service segment | 3,418 (EUR EUR million) | 3 |
| 2023-07-27 | 2023-H1 | Order book Projects segment | 6,387 (EUR EUR million) | 3 |
| 2023-07-27 | 2023-H1 | Net liquidity | 359.7 | 3 |
| 2023-07-27 | 2023-H1 | Installed capacity | 3,098 | 3 |
| 2023-07-27 | 2023-H1 | Foreign currency adjustment item | –147,347 | 3 |
| 2023-07-27 | 2023-H1 | Equity ratio | 20.7 | 3 |
| 2023-07-27 | 2023-H1 | EBITDA margin | –4.2 | 3 |
| 2023-07-27 | 2023-H1 | EBIT margin | –7.4 | 3 |
| 2023-07-27 | 2023-H1 | Consolidated net profit/loss carried forward | –461,865 | 3 |
| 2023-07-27 | 2023-H1 | Cash flow hedge reserve | –20,842 | 3 |
| 2023-07-27 | 2023-H1 | Capital reserves | 1,694,157 (EUR EUR thousand) | 3 |
| 2023-07-27 | 2023-H1 | Acciona S.A. shareholding | 47.1% | 3 |
| 2023-05-12 | 2023-Q1 | Working capital ratio | -10.6 | 2 |
| 2023-05-12 | 2023-Q1 | Wages and salaries | 120,820 | 2 |
| 2023-05-12 | 2023-Q1 | Total staff costs | 147,235 (EUR EUR thousand) | 2 |
| 2023-05-12 | 2023-Q1 | Social security and retirement benefit expenses | 26,414 | 2 |
| 2023-05-12 | 2023-Q1 | Service turbines managed | 10,682 | 2 |
| 2023-05-12 | 2023-Q1 | Own work capitalized | 9,757 (EUR EUR thousand) | 2 |
| 2023-05-12 | 2023-Q1 | Order book (Service segment) | 3,405.1 (EUR EUR million) | 2 |
| 2023-05-12 | 2023-Q1 | Order book (Projects segment) | 6,458.1 (EUR EUR million) | 2 |
| 2023-05-12 | 2023-Q1 | Installed capacity | 1,319.3 | 2 |
| 2023-05-12 | 2023-Q1 | Equity ratio | 15.0 | 2 |
| 2023-05-12 | 2023-Q1 | EBITDA margin | -9.4 | 2 |
| 2023-05-12 | 2023-Q1 | EBIT margin | -13.6 | 2 |
Guidance Tracking (latest per metric/period · 7/15)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
Actuals: revenue in €m · ratios in %
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-02-25 | Revenue | 8,200–9,000 | – | pending | confirmed | 15 |
| FY2026 | 2026-02-25 | Capex | 200 | – | pending | confirmed | 15 |
| FY2026 | 2026-02-25 | EBITDA margin | 8–11% | – | pending | confirmed | 15 |
| FY2026 | 2026-02-25 | Working capital ratio | -9% | – | pending | confirmed | 15 |
| FY2025 | 2025-02-27 | Revenue | 7,400–7,900 | 7,553.5 | in line | confirmed | 11 |
| FY2025 | 2025-02-27 | Capex | 200 | 168.9 | miss | confirmed | 11 |
| FY2025 | 2025-02-27 | EBITDA margin | 5–7% | 8.4 | beat | confirmed | 11 |
| FY2024 | 2025-02-27 ° | Working capital ratio | -9 | – | – | confirmed | 9 |
| FY2024 | 2024-02-29 | Revenue | 7,000–7,700 | 7,298.8 | in line | confirmed | 9 |
| FY2024 | 2024-02-29 | Capex | ~175 | 152.6 | miss | confirmed | 9 |
| FY2024 | 2024-02-29 | EBITDA margin | 2–4% | 4.1 | beat | raised | 9 |
| FY2023 | 2023-07-27 | Working capital ratio | -9 | – | – | confirmed | 5 |
| FY2023 | 2023-03-31 | Revenue | 5,600–6,100 | 6,489.1 | beat | confirmed | 5 |
| FY2023 | 2023-03-31 | Capex | ~200 | 131 | miss | – | 5 |
| FY2023 | 2023-03-31 | EBITDA margin | -2–3% | 0 | in line | confirmed | 5 |
Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
Nordex SE recorded higher revenue in both quarters of H1 2026, with Q1 revenue of 1,587.7 million rising 10.6% year on year 14 and Q2 revenue of 2,178.8 million, bringing consolidated H1 2026 sales to EUR 3,766.5 million, a 13.8% increase 15. Net income recovered substantially, reaching 53.6 million in Q1 2026 compared to EUR 7.9 million in Q1 2025 14, and 111.5 million in Q2 2026 15. The H1 2026 EBITDA margin widened to 9.4% from 5.7% in H1 2025 15, while the Projects segment order book grew to EUR 11,577.6 million and the company re-entered the US market with more than 800 MW of order intake 15. Full-year 2026 guidance was reiterated at sales of EUR 8.2-9.0 billion with an EBITDA margin of 8.0-11.0% 15.
FY2025
Nordex SE reported FY 2025 consolidated sales of EUR 7,553.5 million, a 3.5% increase from EUR 7,299 million in 2024, with the Projects segment contributing EUR 6,765 million and the Service segment EUR 863 million 13. EBITDA more than doubled year-over-year to EUR 631 million, lifting the EBITDA margin to 8.4% from 4.1% in 2024, while gross margin expanded to 27.0% from 21.0%, reflecting higher average selling prices, an improved project mix, and lower raw material costs 13. Net income improved to EUR 274.3 million from EUR 8.8 million in 2024, and operating cash flow rose to EUR 1,016.3 million from EUR 429.8 million, with free cash flow reaching EUR 847.4 million and the net cash position strengthening to EUR 1,925.5 million at year-end 13. Record order intake of 10.2 GW in 2025, a 22.5% increase year-over-year, drove the combined order book to EUR 16.1 billion, supported by continued commercial momentum in core European markets and new geographies including Canada and Ecuador 13. At the full-year results in February 2026, Nordex raised its mid-term EBITDA margin target from 8% to 10-12% and introduced a shareholder return policy targeting a minimum of EUR 50 million in annual returns from 2027 onwards 13.
FY2024
Nordex SE reported full-year 2024 revenue of EUR 7,298.8 million, a 12.5% increase from EUR 6,489.1 million in 2023, with growth contributions from both the Projects segment (EUR 6,543 million) and the Service segment (EUR 777 million) 9. EBITDA improved substantially to EUR 296.4 million at a 4.1% margin from EUR 2.0 million at 0.0% in 2023, while gross margin expanded to 21.0% from 15.2%, driven by higher average selling prices of EUR 0.90 million/MW versus EUR 0.84 million/MW and lower raw material costs 9. The group returned to consolidated net profitability with net income of EUR 8.8 million compared to a net loss of EUR 302.8 million in 2023 9. Free cash flow strengthened to EUR 271 million from EUR 20 million and operating cash flow increased to EUR 430 million from EUR 161 million, lifting net liquidity to EUR 848 million from EUR 631 million at year-end 9. Record order intake of 8.3 GW brought the total order book to EUR 12.8 billion, with the service segment order intake growing 114.5% to EUR 1,981 million and the group's order book ranking Nordex as the second-largest onshore wind player globally excluding China 9.
FY2023
In FY2023, Nordex SE generated revenue of EUR 6,489.1 million, up 14.0% from EUR 5,693.6 million in the prior year, as installed capacity grew 38.9% to 7,253.2 MW and average selling prices per MW increased year-on-year 109 5. The full-year net loss narrowed to EUR -302.8 million from EUR -497.8 million in 2022, with EBITDA recovering to near break-even at EUR 2.0 million versus EUR -244.3 million the prior year, as higher-priced newer contracts progressively replaced older low-margin projects in the backlog 5. Free cash flow turned positive at EUR 30.2 million compared to EUR -513.9 million in 2022, supported by an operating cash inflow of EUR 161.2 million versus an outflow of EUR -350.1 million the prior year 109 5. Capital structure was materially strengthened through the conversion of EUR 346.7 million in Acciona shareholder loans into equity in March 2023 and the concurrent placement of EUR 333 million in green convertible bonds in April 2023, lifting the year-end net liquidity position to EUR 678.3 million from EUR 244.3 million at end-2022 2 3 109. The cost of materials ratio improved to 85.0% from 91.9% in 2022, reflecting higher average selling prices and lower input costs, and FY2023 order intake rose 16.2% to EUR 7,135.2 million with the Delta4000 platform representing over 90% of new orders 5.
Glossary#
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
| # | Document type | Published | Link |
|---|---|---|---|
| #1 / #101 | IR-Annual | 2023-03-31 | Open |
| #2 | IR-Quarter | 2023-05-12 | Open |
| #3 / #103 | IR-Half | 2023-07-27 | Open |
| #4 | IR-Quarter | 2023-11-14 | Open |
| #5 / #105 | IR-Annual | 2024-02-29 | Open |
| #6 | IR-Quarter | 2024-05-14 | Open |
| #7 / #107 | IR-Half | 2024-07-25 | Open |
| #8 | IR-Quarter | 2024-11-07 | Open |
| #9 / #109 | IR-Annual | 2025-02-27 | Open |
| #10 | IR-Quarter | 2025-04-25 | Open |
| #11 / #111 | IR-Half | 2025-07-28 | Open |
| #12 | IR-Quarter | 2025-11-04 | Open |
| #13 / #113 | IR-Annual | 2026-02-25 | Open |
| #14 | IR-Quarter | 2026-04-27 | Open |
| #15 / #115 | IR-Half | 2026-07-29 | Open |
FAQ#
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Where can I find the official investor relations documents of Nordex SE?
The sources chapter links all 23 original filings used (IR documents) with type, publication date and a direct link; every figure in the report carries a source number.