Wind turbine maker Nordex increases profitability

Nordex SE

04/11/2025 06:39

Nov 4 - German onshore wind turbine maker Nordex NDXG.DE said its third quarter net income increased significantly from last year after the company installed more wind turbines.

Nordex's net income increased to 51.7 million euros ($60.3 million) at the end of the third quarter, compared to 3.9 million euros in the same quarter last year. The company installed 420 wind turbines in the period, compared with 352 in the same period last year.

Nordex also confirmed its 2025 guidance, which it had raised in October.

"With solid order intake and improved visibility, we are confident in sustaining this trajectory and delivering on our upgraded full-year guidance," chief executive Jose Luis Blanco said in a statement.

($1 = 0.8575 euros)

 (Reporting by Marleen Kaesebier and Bernadette Hogg in Gdansk; editing by Matt Scuffham)

 ((Marleen.Kaesebier@thomsonreuters.com))