Nordex shares soar on the back of record Q4 profits

Vestas Wind Systems A/S

25/02/2026 09:57

** Nordex's NDXG.DE shares are up 14.3% after the German wind turbine maker reported its Q4 core profit above analyst consensus and raised its mid-term EBITDA margin target

** Fourth-quarter EBITDA rises to 307 million euros ($362 million), nearly 190% up year-on-year

** Nordex reported a "blowout" Q4 across all metrics, says Constantin Hesse, analyst at Jefferies, pointing to increased free cash flow, positive 2026 guidance and potential shareholder returns from 2027

** Hesse added: "The print was really strong. It was ahead of what anyone was anticipating, especially on the medium-term guidance. I think we're still not done yet."

**  Citi highlights the pace of upside margin given the potential of already reaching a 10% EBITDA margin by 2026 and possibility of further upgrades in 2027

** Nordex is on track for its best day since October 2025

** Danish competitor Vestas VWS.CO is up 2.8%

($1 = 0.8483 euros)

(Reporting by Danny Callaghan)

((danny.callaghan@thomsonreuters.com))