The Nordex Group's upward revision of its full-year 2026 EBITDA margin guidance to 11.5-12.5% from the previous 8.0-11.0% reflects stronger-than-anticipated third-quarter performance, according to preliminary unaudited results. This adjustment underscores the company's ability to exceed market expectations and capitalize on favorable conditions in both its Projects and Service segments, potentially bolstering investor confidence in the wind energy sector.
Preliminary unaudited EBITDA for Q3 2026 is expected to be approximately EUR 278 million, a significant increase from EUR 136 million in Q3 2025, corresponding to an EBITDA margin of 12.7% compared to 8.0% a year earlier. Revenues for the quarter are projected at around EUR 2,187 million, up from EUR 1,706 million in the prior-year period. These gains are driven by higher margins in the Service segment and strong project execution, as risks previously assumed in the Projects segment did not materialize to the extent anticipated.
The improved outlook extends to cash flow metrics. Nordex reported preliminary cash and cash equivalents of EUR 2,327 million at the end of Q3 2026, up from EUR 1,929 million at the close of Q4 2025. Free cash flow for the quarter is expected to reach EUR 379 million, compared with EUR 149 million in Q3 2025. The company anticipates free cash flow to remain positive in Q4 2026, supported by additional profits, order intake momentum, and continued working capital improvement.
All other elements of the full-year guidance remain unchanged: sales are projected between EUR 8.2 billion and EUR 9.0 billion, the working capital ratio is expected below -9%, and capital expenditures are estimated at approximately EUR 200 million. The updated EBITDA margin range now stands at 11.5-12.5%, up from the earlier 8.0-11.0%.
Jose Luis Blanco, CEO of Nordex Group, commented, "The third quarter shows what our teams can deliver. Strong execution in Projects and higher profitability in Service have put us in a very good position for the final quarter. We are raising our EBITDA margin guidance for 2026 and remain focused on profitable growth."
This announcement matters because it highlights Nordex's operational resilience amid a competitive renewable energy landscape. The raised guidance suggests that the company has effectively managed project risks and enhanced service profitability, which could lead to increased investor trust and potentially attract more capital to the wind power industry. As global demand for clean energy rises, Nordex's performance may serve as a bellwether for sector health, especially given its extensive installed capacity of over 67 GW across more than 40 markets.
Nordex will publish its full results for Q3 2026 on November 5, 2026. For further details, the original release is available on www.newmediawire.com, and additional information can be found via this link.
