Germany-based wind turbine manufacturer Nordex Group said on Wednesday that its earnings before interest, taxes, depreciation and amortization (EBITDA) margin exceeded 10% in the second quarter of 2026, driven by higher sales, strong order growth and improved profitability.
Second-quarter order intake in the Projects segment rose 32.2% year-on-year to 3.05 gigawatts from 2.31 gigawatts, while the value of new orders increased to €3 billion from €2.2 billion.
Quarterly sales climbed 16.3% to around €2.2 billion, while EBITDA more than doubled to €223.8 million from €108.2 million, lifting the EBITDA margin to 10.3% from 5.8% a year earlier.
Net income rose to €111.5 million in the April-June period, compared with €31 million in the same quarter of 2025. The company also generated €164.6 million in positive free cash flow, supported by strong operational performance.
Nordex's order book stood at €18.4 billion as of June, up from €14.3 billion a year earlier, including €11.6 billion in the Projects segment and €6.8 billion in the Service segment.
The company produced wind turbines with a combined capacity of 1,953 megawatts during the quarter, up 23.1% from a year earlier. It installed 211 turbines with a total capacity of 1,168 megawatts across 15 countries
"As we move through the second half of the year, our focus remains on disciplined execution and further progress towards our medium-term margin target," said Nordex CEO Jose Luis Blanco.
By Humeyra Ayaz
Anadolu Agency
energy@aa.com.tr
