Danish wind turbine manufacturer Vestas entered 2025 with a share that had been sent down to its lowest level in almost five years.
Since the New Year, however, there has been a change in mood, which became particularly clear on Wednesday, when Vestas presented its third-quarter financial statements. Based on the financial statements, investors sent the share up by a whopping 14.8 percent on Wednesday. This year alone, it has increased by 53 percent.
The financial statements show that Vestas had sales of more than 5.3 billion euros, equivalent to 40 billion kroner, in the third quarter. More importantly, however, earnings more than doubled compared to the same period last year.
Earnings came in at 304 million euros – 2.3 billion kroner. In the same quarter the year before, earnings were 127 million euros. According to Jacob Pedersen, head of equity research at Sydbank, this is something that investors have been hungry for.
- There has been a long way between the positive surprises for Vestas and its competitors in the wind industry. What investors have been searching for with all their might is some clear evidence that Vestas is on its way out of the earnings doldrums, he says.
- And with the solid earnings surprise in these accounts, investors get proof of that. I think that is one of the reasons why these accounts are being so well received.
Jacob Pedersen also notices that Vestas is initiating a so-called share buyback of 150 million euros.
A share buyback works by the company buying shares on the stock exchange and then canceling them. In this way, the value of the remaining shares becomes more valuable. It is a way for a company to distribute profits to shareholders in line with dividends.
/ritzau/
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
