Nordex Se (NRDXF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Nordics SE Q1 2025 results conference call. I am Yusuf, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or for broadcasting. At this time, it's my pleasure to hand over to Anja Siela. Please go ahead. Thank you, Seth, and also a very warm welcome from the Nordics team in Hamburg. Thank you for joining the Q1-25 Nordics 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, Ilja 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. Thank you very much for the introduction. As always, Ania, on behalf of the Management Board, I would like as well to welcome you to our first quarter result for this current year, 2025. Let me start with a recap of the first three months of the year 2025. We are pleased to report that the first three months of 2025 have progressed as planned, marking a strong start into the year for Nordex. We have delivered improved margins and achieved a positive free cash flow this time already in the first quarter. In detail, firstly, our total order book, comprising both services and project orders grew by a remarkable 21%. We recorded a turbine order intake of 2.2 gigawatts in the first quarter, up 5%, which translates to a 12% year-on-year increase in Euro value. Secondly, profitabilit...