Nordex CEO's verdict on rest of 2025 after revealing quarterly profits
German wind OEM consolidates profits revival with better than expected earnings
Nordex continued its revival with a sharp increase in second quarter profits and an upbeat outlook for the rest of the year.
The German wind turbine maker – which like other European OEMs is recovering from a run of loss-making quarters through 2023 and ’24 – saw Q2 earnings spike 64% to €108.2m ($126.8m) before interest, tax, depreciation and amortisation, higher than a consensus of analysts’ forecasts.
Nordex barely scraped a net profit in the same quarter last year but this time the figure was €31m.
CEO Jose Luis Blanco said: “I am confident for the remainder of the year. So far, our order intake momentum remains strong, reflecting consistent customer demand and confirming our solid competitive position in our markets.”
Blanco confirmed Nordex’s previous guidance for the full year.
The average selling price of its turbines remained broadly level at €0.97m/MW in the quarter.
Sales in the projects segment that covers wind turbines came around €1.7bn in the second quarter while the service business registered €207m.