Nordex shares surge after margin guidance hike, earnings beat

Nordex SE

16/10/2026 08:22

Updates share move in bullet 1, adds milestones in bullet 6 and peer share reaction in bullet 7
** Shares in Nordex NDXG.DE jump 14% 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
** The stock, which has lost a fifth of its value since early May, is on track for its best day since February
** Shares in Danish peer Vestas VWS.CO rise 3.3% at 0715 GMT
     
($1 = 0.8909 euros)

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