Nordex raises 2026 margin guidance. Nordex stock falls 1.89 percent.

Published on 10/19/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 EBITDA margin is forecast at 12.70 percent versus 8.00 percent in 2025. Nordex stock costs EUR 38.40 on October 19, 2026 versus EUR 39.14.

Margin and reporting date

On October 15, 2026, Nordex lifted full-year EBITDA margin guidance to 11.50 to 12.50 percent.
Preliminary third-quarter EBITDA margin was 12.70 percent versus 8.00 percent in 2025.
Nordex stock trades at EUR 38.40 at 10:36 a.m. CEST at Lang & Schwarz on October 19, 2026, 1.89 percent below the Xetra close of October 16, 2026.

Schwarz-Weiß-Foto einer Turbinenmontage mit Kran und Arbeitern auf Baustelle — Nordex SE (DE000A0D6554) dargestellt als Schwarz-Weiß-Reportage über Montage einer großen Windkraftturbine mit Kran, Illustration mit AI erstellt.

Nordex (ISIN DE000A0D6554) was trading at EUR 38.40 at Lang & Schwarz on October 19, 2026 at 10:36 a.m. CEST, down 1.89 percent versus the Xetra close of October 16, 2026 (EUR 39.14). On October 15, 2026, Nordex SE raised its full-year 2026 EBITDA margin guidance to 11.50 to 12.50 percent from 8.00 to 11.00 percent. The market is now weighing stronger operating execution against the stock's pullback from the October 16 close.

Why margins moved higher

The preliminary third-quarter EBITDA margin was 12.70 percent, compared with 8.00 percent in the third quarter of 2025. Preliminary free cash flow was expected at EUR 379 million, versus EUR 149 million a year earlier, while the improved outlook was linked to higher Service segment margins and project execution, according to Nordex SE.

Three Nordex milestones

The company timeline moved from 389 MW of new orders in Türkiye on October 7, 2026, to third-quarter order intake of 2.80 GW, up 29.50 percent, on October 12, 2026, and then to the higher margin outlook on October 15, 2026, as listed on the Nordex investor relations portal. The sequence gives investors a quantified link between demand, execution and profitability.

What does the higher margin mean?

The 12.70 percent preliminary quarterly margin stands 4.70 percentage points above the year-earlier level, while the new annual guidance midpoint is 12.00 percent. Nordex also expects full third-quarter revenue of EUR 2,187 million, compared with EUR 1,706 million in the third quarter of 2025, keeping growth and margin conversion at the center of the upcoming report.

When do results arrive?

The next scheduled reporting date is November 5, 2026, when Nordex plans to publish the complete third-quarter results and hold its conference call, according to the Nordex investor relations portal.

Stock price versus Xetra

Nordex had a market capitalization of EUR 9.1 billion as of October 19, 2026. Its 52-week range is EUR 21.86 to EUR 51.70, placing the Lang & Schwarz quote inside that range. Nordex was trading at EUR 38.40 at Lang & Schwarz on October 19, 2026 at 10:36 a.m. CEST, 1.89 percent below the Xetra close of October 16, 2026 at EUR 39.14. The further course of trading is shown by the continuously updated real-time quote of Nordex stock.