Nordex Group Reports Strong 2024 Results, Growth in Profitability

Nordex Group achieved all its 2024 financial and operational targets, recording a significant rise in profitability. The company's order intake increased by 20% to EUR 7.5 billion, while sales rose by 12.5% to EUR 7.3 billion. The EBITDA margin reached 4.1%, slightly above the guidance range, and surged to 4.9% in Q4. Free cash flow was buoyant at EUR 271 million, and the net profit turned positive at EUR 9 million.

The Projects segment saw a record order intake of 8.3 GW and a value of EUR 7.5 billion, marking a 20% increase. The Service segment also experienced substantial growth, with order intake jumping by 114% to EUR 1,981 million. Nordex's order book expanded to EUR 12.8 billion, with EUR 7.8 billion in Projects and EUR 5.0 billion in Service.

Looking forward, Nordex targets 2025 sales between EUR 7.4 and 7.9 billion, and an EBITDA margin between 5.0% and 7.0%, with anticipated investments of EUR 200 million.