Strong Start to 2025
Nordex delivered improved margins and a positive free cash flow in Q1 2025. Total order book grew by 21%, with a turbine order intake of 2.2 gigawatts, up 5% from the previous quarter, and a 12% year-on-year increase in euro value.
Improved Profitability
Total EBITDA rose by 53%, reaching €80 million, translating into a 5.5% EBITDA margin and a positive net income of €8 million, more than the total net income for the full year 2024.
Service Business Growth
Service EBIT increased by 1.7% with a margin of 16.8%. Service revenue grew by 19% to €197 million in Q1 2025, with an order book increase of 37% year-on-year.
Order Book Expansion
Total order book grew to €13.5 billion, with a 12% increase in the turbine order book to €8.2 billion. The service order book reached €5.2 billion, reflecting expansion over the past 2 years.
Strategic Market Developments
Positive developments in Europe, especially Germany, where 12 to 14 gigawatts are expected to be auctioned in 2025. No expected material impact from U.S. tariff discussions on financial performance.