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The Nordex Group reported a solid performance in the second quarter of 2025, with sales holding steady at approximately EUR 1.9 billion, in line with the same period last year. Gross revenue, including changes in inventories, increased by 3.1 percent to EUR 1.9 billion. EBITDA rose significantly by 64.3 percent to EUR 108.2 million, improving the EBITDA margin to 5.8 percent from 3.5 percent. The company secured 2,310 MW in new project orders (excluding service), up 81.7 percent from Q2/2024, with a total order value of EUR 2.2 billion. The average selling price per megawatt remained stable at EUR 0.97 million, reflecting a shift in project scope and regional mix rather than a rise in base pricing.
As of June 2025, the Nordex Group’s total order book reached EUR 14.3 billion, up from EUR 11.0 billion a year ago. This includes EUR 8.9 billion in the Projects segment and EUR 5.5 billion in the Service segment. Turbine production fell by 14.4 percent to 1,586 MW, influenced by project scheduling. However, rotor blade production increased by 8.1 percent to 1,399 units, with 466 blades made in-house and 933 sourced externally. The Group installed 337 wind turbines across 16 countries, totaling 1,959 MW. Most installations (87 percent) occurred in Europe, followed by Latin America (10 percent) and other regions (2 percent). The Projects segment generated EUR 1.7 billion in sales, while the Service segment saw growth of 16.9 percent to EUR 206.9 million.
Key financial indicators show the company remains financially stable. Total assets stood at approximately EUR 5.7 billion, consistent with year-end 2024. The equity ratio slightly improved to 18.0 percent. Cash and cash equivalents increased to EUR 1,241.7 million, resulting in a stronger net cash position of EUR 941.9 million. The working capital ratio improved to minus 7.5 percent, compared to minus 9.1 percent at the end of 2024. The Group generated positive free cash flow of EUR 145.1 million in Q2/2025, up from EUR 94.0 million in Q2/2024, supported by robust operational performance.
