Germany's Nordex beats Q2 revenue estimates, confirms FY guidance

Nordex SE

29/07/2026 06:21

Overview
German wind turbine maker's Q2 sales rose 16%, beating analyst expectations
Q2 EBITDA margin rose to 10.3%, net income more than tripled yr/yr
Company generated positive free cash flow and confirmed full-year 2026 guidance

Outlook
Nordex confirms full-year 2026 guidance
Company says focus remains on disciplined execution and margin improvement in H2/2026
Nordex cites strong order book as supporting outlook for remainder of 2026

Result Drivers
ORDER INTAKE GROWTH - Q2 order intake rose 32%, supporting higher sales and profitability
OPERATIONAL EXECUTION - Co said improved operational execution contributed to higher EBITDA margin and positive free cash flow, per CEO José Luis Blanco
STABLE PRICING - Average selling price per MW remained unchanged, indicating revenue growth was volume-driven

Company press release: ID:nEQ1ySzJda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
EUR 2.18 bln
EUR 2.09 bln (4 Analysts)
Q2 Net Income
 
EUR 111.50 mln
 
Q2 EBITDA
 
EUR 223.80 mln
 
Q2 EBITDA Margin
 
10.30%
 
Q2 Free Cash Flow
 
EUR 164.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the heavy electrical equipment peer group is "buy"
Wall Street's median 12-month price target for Nordex SE is €49.00, about 31.6% above its July 28 closing price of €37.24
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
July 27 - Germany's Hochtief H1 operational net profit rises on infrastructure demand; raises guidance
July 28 - Bloom Energy swings to Q2 profit, on AI demand; raises outlook
July 27 - Tata Power eyes first solar exports to Europe as EU curbs China reliance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)