OpenAI seen preparing for 2027 IPO at $1 trln valuation- Reuters
Investing.com - Shares of Nordex (ETR:NDXG) surged in early European trading on Tuesday after the German wind turbine maker raised its annual core income margin guidance.
In a statement, the company said it now expects full-year 2025 earnings before interest, taxes, depreciation and amortization to be in the range of 7.5% to 8.5%, versus a prior guidance of 5% to 7%.
Nordex said the increased margin guidance was driven by "strong operational execution" across its projects and service divisions, as well as a stable macroeconomic environment.
All other elements of Nordex’s outlook were left unchanged. Annually, sales are tipped to stand at 7.4 billion euros to 7.9 billion euros, while capital expenditures are estimated to be roughly 200 million euros.
Analysts at Kepler Cheuvreux said they expect consensus full-year adjusted core profit projections to rise about 22% to about 600 million, fueled by hopes that "good project execution enabled higher release of contingencies than budgeted at the start of the year."
"We remain focused on driving profitable growth and creating long-term value for our shareholders," said CEO Jose Luis Blanco in a statement.
The onshore wind turbine group also unveiled preliminary third-quarter core profit of 136 million euros, with a margin of 8%, compared to 72 million euros and 4.3% a year ago. Revenue for the quarter are expected to be approximately 1.706 billion euros, mostly in line with a year earlier due to "seasonal dynamics" and temporary supplier delays in Turkiye.
Nordex will release its full results for third quarter on November 4.