• Acciona expects 2026 EBITDA near the upper end of its €2.8 billion–€3.1 billion range, supported by Nordex’s improved outlook.
• Nordex raised its EBITDA margin forecast to 11.5%–12.5% from 8%–11%, following nine-month EBITDA growth to €633 million from €324 million.
• Ordinary net investment before asset rotation is forecast around €2 billion, below the initial €2.2 billion–€2.5 billion range.
• Year-end net debt-to-EBITDA remains targeted below 3 times, despite expected failure to meet the roughly €2 billion asset rotation target amid transaction delays.
• Acciona Energía maintains its roughly €1.2 billion EBITDA target; stronger captured prices offset production shortfalls.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Acciona SA published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.