Nordex (DE:NDX1)
XETRA:NDX1
Earnings Data
Report Date
May 19, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong, multi‑dimensional operational and financial turnaround in 2025: record order intake and order book growth, materially higher margins, substantially improved profitability and very strong free cash flow and net cash. Management upgraded midterm targets (10%–12% EBITDA) and introduced a shareholder return policy while maintaining a conservative emphasis on balance sheet flexibility. Remaining risks discussed include Germany auction/pricing uncertainty, dependence on continued order intake and project permits (notably in the U.S.), supply‑chain/installation execution risks and the eventual run‑down of historical tax losses. On balance, the positive execution, cash generation and strategic improvements materially outweigh the identified risks.Company Guidance
Record Order Intake and Order Value
Turbine order intake reached a record 10.2 GW in 2025, corresponding to EUR 9.3 billion in order value, up ~25% year‑on‑year; Q4 turbine intake was 3.6 GW (3.2 billion EUR), ~9% GW growth and ~10% value growth vs Q4 2024.
Strong Order Book Expansion
Turbine order book ended the year at EUR 10.1 billion, up 30% year‑on‑year; service order book rose to nearly EUR 6 billion, up 20% year‑on‑year, providing visibility for 2026 revenue and margins.
Substantial Margin Improvement
Full‑year EBITDA margin improved to 8.4% (2024: 4.1%); Q4 EBITDA margin reached 12.1% (up >7 percentage points YoY). Gross margin improved to ~27% FY (from 21% in 2024); Q4 gross margin 27.8% (vs 23% in Q4 2024).
Significant Profit and Cash Generation
Net profit for 2025 was EUR 274 million (2024: EUR 9 million). Free cash flow was EUR 863 million for the full year (vs EUR 271 million in 2024); Q4 free cash flow was EUR 565 million (more than doubled YoY).
Strong Balance Sheet / Liquidity
Net cash / liquidity strengthened to a record year‑end net cash position of EUR 1.625 billion (cash position ~EUR 1.9 billion in Q4); equity ratio improved to 19% (from 17.7% at YE 2024).
Service Business Momentum
Q4 service revenue ~EUR 240 million with service EBIT of EUR 46 million and a 19% EBIT margin (eighth consecutive quarter of margin expansion); installed base under long‑term service contracts covers ~48.3 GW (c.14,000 turbines).
Operational Volume Growth
Installations grew ~25% YoY in Q4 to ~2.1 GW; full‑year installations ~7.663 GW (2024: 6.641 GW). Turbine production increased to 519 units in Q4 (vs 445 in Q4 2024).
Stable Pricing and ASP
Average selling price (ASP) remained stable at EUR 0.89 million per MW year‑over‑year in Q4, indicating price stability in executed contracts for 2025.
Market Position Strengthened
Nordex maintained #2 global position and held the #1 position in Europe for the fourth consecutive year; gained market share in Canada (11% in 2025) as Americas position rebuilds.
Capital Allocation and Upgraded Midterm Target
Introduced first shareholder return policy targeting a minimum annual return of EUR 50 million (payouts planned from 2027) and upgraded midterm EBITDA margin ambition to 10%–12% across the cycle; 2026 guidance: sales EUR 8.2–9.0 billion (+9% to +19% YoY) and EBITDA margin 8%–11%.
DE:NDX1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:NDX1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | €35.04 | €41.12 | +17.35% |
Nov 04, 2025 | €26.00 | €26.00 | 0.00% |
Jul 28, 2025 | €20.78 | €20.16 | -2.98% |
Apr 25, 2025 | €15.76 | €15.90 | +0.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nordex (DE:NDX1) report earnings?
Nordex (DE:NDX1) is schdueled to report earning on May 19, 2026, TBA (Confirmed).
What is Nordex (DE:NDX1) earnings time?
Nordex (DE:NDX1) earnings time is at May 19, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nordex stock?
The P/E ratio of Nordex is N/A.
What is DE:NDX1 EPS forecast?
DE:NDX1 EPS forecast for the fiscal quarter 2026 (Q1) is 0.22.