The Nordex Group reported a marked improvement in its financial and operational results for the second quarter of 2025, confirming the momentum established since the start of the year. The company announced sales of approximately EUR 1.9 bn ($2.07 bn), stable compared to the same period last year, while gross profit, including inventory changes, increased by 3.1%, reaching EUR 1.9 bn ($2.07 bn).
Significant increase in operating profit
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 64.3% to EUR 108.2 mn ($118 mn), representing an EBITDA margin of 5.8%, compared with 3.5% the previous year. Net income amounted to EUR 31 mn ($33.8 mn), a notable improvement compared to EUR 0.5 mn ($0.54 mn) recorded for the same period in 2024.
Strong growth in order intake
In the second quarter, the volume of order intake in the Projects segment (excluding services) stood at 2,310 MW, up 81.7% year-on-year. The total value of new orders reached EUR 2.2 bn ($2.39 bn), coming from nine different countries and covering several turbine variants. The average selling price per MW remained at EUR 0.97 mn ($1.07 mn), mainly reflecting a change in scope and regional allocation of orders.
The total order book stood at EUR 14.3 bn ($15.59 bn) at the end of June 2025, split between the Projects segment (EUR 8.9 bn, $9.7 bn) and the Services segment (EUR 5.5 bn, $6 bn).
Production and installation across several markets
Turbine production reached 1,586 MW, a decrease of 14.4% due to project scheduling. Rotor blade production increased by 8.1%, with 1,399 units manufactured, including 466 in-house. In total, 337 wind turbines were installed in sixteen countries, representing 1,959 MW of capacity. Europe accounted for 87% of installations, followed by Latin America (10%) and other regions (2%).
Financial position and cash flow evolution
Sales in the Projects segment reached approximately EUR 1.7 bn ($1.85 bn), while the Services segment rose by 16.9% to EUR 206.9 mn ($225.8 mn). Nordex Group’s total assets stood at approximately EUR 5.7 bn ($6.2 bn), with an equity ratio of 18%. Available cash amounted to EUR 1.24 bn ($1.35 bn), and net cash position reached EUR 941.9 mn ($1.03 bn). Free cash flow generated over the period totalled EUR 145.1 mn ($158.4 mn), mainly supported by operational activity.
The semi-annual financial report of Nordex Group is now available on its website. The company stated that these interim results have not been externally audited. The Group currently employs more than 10,400 people and operates an industrial network spanning six countries.
