Business · Companies · 9 hrs ago
Nordex raises its 2026 margin forecast after third-quarter sales rise 28%
Nordex raised its maximum 2026 margin target to 12.5%, up from 11%, after reporting stronger results.
The German wind turbine maker said third-quarter revenue rose 28% to €2.187 billion, while operating earnings doubled to €278 million compared with the same period in 2025.
Nordex credited higher margins in its services business and the execution of projects for the improvement.
Acciona owns 47% of Nordex and includes the company in its consolidated results, so Nordex’s performance affects the Spanish group’s finances.
Nordex has kept its goal of record annual sales of up to €9 billion, and its order book reached 7,733 megawatts in the first nine months of 2026.
The improved results have led Nordex to raise its 2026 forecast, as it enters the final quarter focused on profitable growth.
Nordex raised its maximum 2026 EBITDA margin forecast from 11% to 12.5%.
The German wind turbine maker reported third-quarter revenue of €2.187 billion, up 28% year on year.
Its third-quarter EBITDA reached €278 million, with a margin of 12.7%.
Nordex attributed its improved results to stronger margins in services and project execution.
The company kept its target of reaching up to €9 billion in sales for 2026.
- Who
- Nordex, the German wind turbine maker in which Acciona holds a 47% stake.
- What
- Nordex raised its maximum 2026 EBITDA margin forecast from 11% to 12.5% after third-quarter sales rose 28%.
- When
- The results were for July to September 2026. The reports were published on October 16, 2026.
- Where
- Germany. The sources do not state where the results were announced.
- Why
- Nordex cited higher margins in services and project execution. It said risks assumed in its earlier project forecasts did not materialize to the expected extent.
This story does not have two clearly opposing sides.
Nordex recorded revenue of €2.187 billion and EBITDA of €278 million in the third quarter.
Nordex raised its maximum 2026 EBITDA margin forecast from 11% to 12.5%.
- 2026 maximum EBITDA margin forecast
- 12.5%, raised from 11%
- Third-quarter revenue
- €2.187 billion, up 28%
- Third-quarter EBITDA
- €278 million
- Third-quarter EBITDA margin
- 12.7%
- 2026 sales target
- Up to €9 billion
2 sources
What people are saying
The third quarter demonstrates the potential of our teams. Strong execution in projects and greater profitability in services have put us in an excellent position for the final quarter. We are raising our EBITDA margin forecast for 2026 and remain focused on profitable growth.
Higher margins in the Services area and the execution of projects. The risks assumed in the Projects area for the previous forecasts did not materialize to the extent expected.