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Nordex Raises Wind Turbine Margin Target After Q4 Beat

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Nordex SE reported fourth-quarter results that surpassed analyst forecasts and boosted its medium-term profitability outlook, signaling stronger demand for its wind turbines. The German manufacturer posted adjusted EBITDA of €307.4 million, exceeding the consensus estimate by 9%. Revenue climbed 16% year-on-year to €2.54 billion, while net income surged to €183.8 million from €17.5 million a year earlier, both beating expectations.

The company credited improved project execution and a higher-quality backlog for the strong performance. For fiscal 2026, Nordex raised its revenue guidance to €8.2 billion to €9.0 billion, up from €8.27 billion consensus, and its EBITDA margin target to 10% to 12% from 8%, aligning with its CEO's statement that the past year marked an important milestone. The company also reported record free cash flow and a significant expansion of its order book.

This performance suggests Nordex is gaining traction in the renewable energy sector, potentially strengthening its position against competitors.