MDAX gains 590 points: Nordex leads at midday
Published on 10/16/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The MDAX gained 590 points, or 2.0 percent, to 30,806 points at 12:07 p.m. CEST on October 16, 2026. Nordex lifted its full-year EBITDA margin outlook after quarterly profit exceeded expectations, while easing artificial intelligence and rate concerns supported German equities, Finanzen.ch reports.
Nordex rose 13.8 percent after preliminary third-quarter EBITDA reached EUR 278 million and the company raised its 2026 margin range to 11.5 percent to 12.5 percent, MarketScreener says.
Why is the MDAX higher at midday?
Nordex said higher margins in its Service business and strong project execution drove the stronger quarter. Its EBITDA margin reached 12.7 percent, against 8.0 percent a year earlier, while quarterly revenue rose to EUR 2.187 billion from EUR 1.706 billion, Nordex said.
Aixtron also gained 6.8 percent after third-quarter orders and operating profitability exceeded analyst expectations. Defense shares, including Hensoldt and RENK, were among the stronger MDAX names in morning trading, Finanzen.ch reported.
MDAX opens strongly and extends the gain
The index opened at 30,366 points, compared with a previous close of 30,216 points. It stood 440 points above the opening level by midday and was 590 points above Thursday's close, according to the same Xetra data.
What comes next for the MDAX
- October 16, 2026, 2:30 p.m. CEST: US import prices are due, with a 0.9 percent monthly consensus and a 0.7 percent prior reading, XTB says.
- October 16, 2026, 3:15 p.m. CEST: US industrial production is expected to rise 0.4 percent after 0.0 percent previously; capacity utilization is forecast at 76.5 percent, InvestingLive reports.
