Nordex Q1 Net Income Jumps Sevenfold

Nordex SE reported Q1 net income of €53.6 million, up from €7.9 million a year earlier, a sevenfold increase.
EBITDA rose 64.3% to €130.7 million, lifting margin to 8.2% from 5.5% YoY, driven by higher sales of €1.6 billion.
Order book reached a record €17 billion at end‑March, up from €13.5 billion a year earlier, with projects €10.5 billion and services €6.5 billion.
Free cash flow turned negative €98.1 million due to working‑capital normalization, while cash and equivalents stood at €1.83 billion, net cash €1.52 billion.