BUZZ — Nordex jumps 10% in early trading after margin guidance hike, earnings beat
* Shares in Nordex jump 10% in early Frankfurt trade after the onshore wind turbine maker posted a better-than-expected Q3 core profit and lifted its full-year margin forecast on Thursday * The German manufacturer expects an annual EBITDA margin of 11.5% to 12.5%, up from the previously communicated range of 8% to 11% * "We would expect a positive knock-on effect on 2027 consensus estimates and beyond," Citi says * Nordex says its Q3 EBITDA roughly doubled year-on-year to €278 million ($312 million), beating a company-compiled consensus by 15% * Citi says it expects a positive share reaction on Friday after "weak trading" in recent months * As of Thursday's close, the stock had fallen by nearly a third since early May ($1 = 0.8909 euros) (Reporting by Danny Callaghan) ((danny.callaghan@thomsonreuters.com)
* Shares in Nordex jump 10% in early Frankfurt trade after the onshore wind turbine maker posted a better-than-expected Q3 core profit and lifted its full-year margin forecast on Thursday * The German manufacturer expects an annual EBITDA margin of 11.5% to 12.5%, up from the previously communicated range of 8% to 11% * "We would expect a positive knock-on effect on 2027 consensus estimates and beyond," Citi says * Nordex says its Q3 EBITDA roughly doubled year-on-year to €278 million ($312 million), beating a company-compiled consensus by 15% * Citi says it expects a positive share reaction on Friday after "weak trading" in recent months * As of Thursday's close, the stock had fallen by nearly a third since early May ($1 = 0.8909 euros) (Reporting by Danny Callaghan) ((danny.callaghan@thomsonreuters.com)