The Nordex Group announced an upward revision to its full-year 2025 EBITDA margin guidance, now expecting a margin between 7.5% and 8.5%, up from the previous range of 5.0% to 7.0%. The adjustment follows a review of preliminary third-quarter 2025 financial results and the updated full-year forecast.
The improved outlook was driven by strong operational execution across the company's projects and service business segments, supported by a stable macroeconomic environment. Preliminary Q3/2025 EBITDA reached EUR 136 million, with a margin of 8.0%, significantly up from EUR 72 million and 4.3% in Q3/2024. Revenues for the quarter are expected to be approximately EUR 1,706 million, broadly in line with the prior year (Q3/2024: EUR 1,671 million), reflecting seasonal dynamics and temporary supplier-related delays in Türkiye.
Nordex ended the third quarter with EUR 1,378 million in cash, compared to EUR 1,151 million at the end of Q4/2024, leading to free cash flow generation of EUR 298 million in the first nine months of 2025 (9M/2024: Nil). The company expects positive free cash flow generation to continue in Q4, partly driven by additional profits, order intake momentum, and continued working capital improvement.
All other elements of the full-year guidance remain unchanged: sales of EUR 7.4 to EUR 7.9 billion, working capital ratio below -9%, and CAPEX of approximately EUR 200 million.
Commenting on the update, Jose Luis Blanco, CEO of Nordex Group, said: "Our teams have delivered exceptionally well in Q3, and the results reflect the strength of our execution in the projects and service segments. For the remainder of the year, we remain confident that we will be able to deliver a significant step up in profitability compared to 2024 levels, now guiding at a level of 7.5 to 8.5%. We remain focused on driving profitable growth and creating long-term value for our shareholders."
Nordex will release its full results for the third quarter 2025 on November 4, 2025. The Management Board will hold an analyst and investor call to present preliminary Q3/2025 results and the rationale behind the upgraded Full Year 2025 EBITDA margin outlook at 8:30 a.m. CET on October 28, 2025.
For more details, see the original release on NewMediaWire.
