Nordex jumps 10% in early trading after margin guidance hike, earnings beat

Nordex SE

16/10/2026 07:23

** Shares in Nordex NDXG.DE jump 10% in early Frankfurt trade after the onshore wind turbine maker posted a better-than-expected Q3 core profit and lifted its full-year margin forecast on Thursday
** The German manufacturer expects an annual EBITDA margin of 11.5% to 12.5%, up from the previously communicated range of 8% to 11%
** "We would expect a positive knock-on effect on 2027 consensus estimates and beyond," Citi says
** Nordex says its Q3 EBITDA roughly doubled year-on-year to €278 million ($312 million), beating a company-compiled consensus by 15%
** Citi says it expects a positive share reaction on Friday after "weak trading" in recent months
** As of Thursday's close, the stock had fallen by nearly a third since early May 
($1 = 0.8909 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))