Q2 2025 Nordex SE Earnings Call Transcript
Key Points
- Nordex SE (NRDXF) reported a significant increase in turbine order intake, with 2.3 gigawatts in Q2, marking an 82% growth year-on-year.
- The company achieved a 64% year-over-year increase in EBITDA, with the EBITDA margin improving by 220 basis points to 5.8%.
- Nordex SE (NRDXF) generated a positive free cash flow of EUR145 million in Q2, continuing a trend of positive cash flow over several quarters.
- The service business showed strong performance with an EBIT margin of 17.7% and service revenues growing by 17% year-over-year.
- The company maintains a robust order book of EUR14.3 billion, with significant contributions from key markets like Germany, Turkey, and the Nordics.
- The outlook for the US market remains uncertain due to potential impacts from executive orders and Safe Harbor provisions.
- Nordex SE (NRDXF) faces challenges in the Brazilian market due to low electricity prices and grid issues.
- The company anticipates provision-related outflows over the next 2 to 2.5 years, which could impact cash flow.
- There is a noted decrease in production due to project scheduling, which could affect future delivery timelines.
- Interest expenses have increased, and while refinancing efforts are underway, the total interest cost may remain high due to business growth.
Ladies and gentlemen, welcome to the Nordex SE Q2 2025 results conference call. I am Mathilda, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Anja Siehler, Head of Investor Relations. Please go ahead.
Thanks, Mathilda. And also a very warm welcome from the Nordex team in Hamburg. Thank you for joining the Q2 2025 Nordex conference call. As always, we ask you to take notice of our Safe Harbor statements. With me are our CEO, Jose Luis Blanco; and our CFO, Ilya Hartmann, who will lead you through the presentation. Afterwards, we will open the floor for your questions.
And now I would like to hand over to our CEO, Jose Luis. Please go ahead.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
