April 27 (Reuters) – Onshore wind turbine manufacturer Nordex reported better-than-expected core earnings for the first quarter of 2026 on Monday, citing continued demand in its core markets.<\/p>\n
\n The German company reported quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) of 131 million euros ($154 million), compared with a company-provided analysts’ consensus of 112 million euros and a year-ago result of 79.6 million euros.<\/p>\n
\n Onshore wind accounted for around 90% of installed wind capacity in Europe last year. Nordex competes there with Vestas and Siemens Energy, with the three companies receiving around two-thirds of all of Europe’s turbine orders in 2025, according to analysis by market research firm Mordor Intelligence.<\/p>\n
\n The company had reported a first-quarter order intake of 1.87 GW in mid-April.<\/p>\n
\n “The continued demand in our core markets and an EBITDA margin exceeding 8% already in the first quarter confirm that we are on track to deliver on our guidance for 2026,” Nordex CEO Jos\u00e9 Luis Blanco said in a statement.<\/p>\n
\n Nordex reported sales of 1.59 billion euros for the first three months of the year, and said it had faced temporary delays at a supplier factory in Turkey during the quarter.<\/p>\n
\n Germany, Turkey and Sweden are the company’s strongest markets. Nordex installed around 85% of its turbines in Europe during the first quarter.<\/p>\n
\n ($1 = 0.8529 euros)<\/p>\n
\n (Reporting by Danny Callaghan in Gdansk; editing by Milla Nissi-Prussak)<\/p>\n","protected":false},"excerpt":{"rendered":"April 27 (Reuters) – Onshore wind turbine manufacturer Nordex reported better-than-expected core earnings for the first quarter of…\n","protected":false},"author":2,"featured_media":7739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5,548],"class_list":{"0":"post-7738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-germany","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/7738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=7738"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/7738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/7739"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=7738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=7738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=7738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}