Nordex Group Reports Steady Revenue Growth and Enhanced Profitability

Hamburg, November 7, 2024 - Nordex SE reported a significant 14% increase in sales, reaching EUR 5.1 billion for the first nine months of 2024, compared to EUR 4.5 billion in 2023. The company's EBITDA margin improved to 3.7%, with expectations of reaching the upper range of the annual margin guidance.

The wind turbine manufacturer's order intake rose by 4% to 5.1 GW, and the total order book increased to EUR 11.5 billion. Turbine production was up slightly to 5,090 MW, while rotor blade production saw a notable rise to 3,823 units. The company maintained a strong operational presence, installing 944 wind turbines in 24 countries.

The Projects segment experienced a 14% growth in sales, and the Service segment saw a 13% increase. The group's equity ratio improved slightly to 18.5%, with a net cash position of EUR 583 million.