EQS-News: Nordex Group secures a major order ...

Nordex lands 525 MW Türkiye wind order, but financial impact remains unclear and long-dated.

Risk flags

• ●The contract's monetary value, margin, and expected profitability are not disclosed, making it impossible to assess the financial impact of the order. This lack of transparency is material for investors evaluating future earnings potential.
• ●Installation is scheduled to begin in Q3 2027, introducing long-term execution risk. Delays in permitting, supply chain disruptions, or changes in market conditions could materially affect project delivery and revenue timing.
• ●No information is provided on project financing, counterparty risk, or permitting status for the YEKA-5 R25 Sivas wind project. Without these details, there is uncertainty about whether the project will proceed as planned and whether Nordex will realize the full contract value.
• ●The announcement emphasizes cumulative market share and historical achievements, which do not guarantee future profitability or cash flow. This framing may inflate perceived strategic value without substantiating near-term financial benefits.

Bottom line

This is a major operational win for Nordex, securing a 525 MW order in Türkiye with a long-term service component, but the absence of contract value, margin, and profitability disclosures leaves the financial impact highly uncertain. Revenue from this project will not begin to flow until at least Q3 2027, and full value realization depends on successful execution over several years. The company's emphasis on market share and historical installed capacity provides context but does not substitute for forward-looking financial detail. For investors, the announcement signals continued commercial momentum but lacks actionable financial data. To change this assessment, Nordex would need to disclose contract economics, expected margin, and project financing status. The most important takeaway is that while the order is large and strategically relevant, its contribution to earnings and cash flow remains unquantified and distant.

Announcement summary

(LSE/AIM:0MEC) The Nordex Group has received a new order in Türkiye from Türkerler Holding for a total capacity of around 525 MW. The contract covers the supply and installation of 72 N175/6.X turbines and includes a 10-year Premium Service agreement with an extension possibility up to 25 years. The order is for the YEKA-5 R25 Sivas wind project in Sivas, where 72 units from the Delta4000 series will be installed with 108 meters hub height. Installation of the first turbine is scheduled to start in the third quarter of 2027. The Nordex Group has commissioned more than 64 GW of wind power capacity in over 40 markets since 1985 and generated consolidated sales of around EUR 7.6 billion in 2025. The Company currently has more than 11,100 employees and a manufacturing network that includes factories in Germany, Spain, Brazil, India and USA. The Nordex Group is further strengthening its position in the Turkish wind market with a cumulative market share of 34 %.

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