Nordex impulsa el resultado de Acciona tras disparar ventas y margen

Nordex has propelled Acciona's performance by boosting sales and margins, positioning the German wind turbine manufacturer as a key asset for the Spanish corporation. Last year, Nordex revised its annual forecasts upward, targeting sales of up to €9 billion. The company has raised its maximum margin goal for 2026 from 11% to 12.5%.

Acciona, holding a 47% stake in Nordex, sees the German subsidiary as a catalyst for its operational results over the past two years and as one of its most valuable assets on the stock market. Nordex's market capitalization stands at €9.27 billion, making Acciona's German stake worth approximately €4.36 billion. The wind turbine manufacturer's success is attributed to higher margins in its services area and successful project execution.

Nordex's CEO, Spanish Jose Luis Blanco, stated that the company is in a strong position for the final quarter, with plans to increase its 2026 EBITDA margin forecast. Despite the positive momentum since 2024, Nordex has not yet initiated dividend payouts, with the company committing to allocating a minimum of €50 million to dividends in 2027.

Nordex generated €165 million in revenue up to June, more than double the amount from the previous year. The company has positive cash flow and a strong liquidity position, with a €2.327 billion cash position and a free cash flow in the year. Nordex reported a gross operating profit (EBITDA) of €278 million in the third quarter, double the amount from the same period in 2025, with margins rising to 12.7%, nearly five percentage points higher than in 2025.

Revenue for the quarter increased by 28%, with a 29% growth in contracted projects, totaling 7.733 MW as of the first nine months of 2026. The majority of these contracts are in the U.S., Turkey, and Germany, with prices above €0.9 million per MW. Nordex's third-quarter results are the result of higher margins in the services area and successful project execution.

None of the previous project-related risks materialized as anticipated. Nordex represents one of the pillars of Acciona's future, according to its president, Jos Manuel Entrecanales. The German subsidiary is a recent European industrial success story and one of the few remaining opportunities for Europe to ensure its energy transition is not dependent on foreign technologies, Entrecanales emphasized during the latest shareholder meeting, highlighting Nordex's role in defending European industrial sovereignty.