Feb 27 (Reuters) - German wind turbine maker Nordex

reported full-year core earnings above analysts'

estimates on Thursday.

The company posted earnings before interest, tax,

depreciation and amortisation (EBITDA) of 296 million euros

($309.79 million) in 2024, above analyst expectations of 284

million euros in a company-compiled consensus.

With a 4.1% full-year EBITDA margin, Nordex slightly

exceeded the top end of its guidance range.

The company, which competes with GE Vernova ( GEV ) and

Siemens Energy in the market for onshore wind

turbines, also said it expects to reach an EBITDA margin between

5.0% and 7.0% in 2025 and reiterated its medium-term EBITDA

margin target.

Nordex, which had already said in January after releasing a

record full-year order intake it expects continued strong demand

in 2025, now added that it sees a slightly stronger second half

in sales and profitability.

"We achieved a record order intake in 2024, resulting in a

very high order book. This success was driven by strong momentum

in our service and project business," José Luis Blanco, CEO of

the Nordex Group, said in a statement.

($1 = 0.9555 euros)