It wasn't many years ago that Vestas was on its knees. 2022 was a disaster year for the Jutland wind turbine manufacturer, where the company was hit by high interest rates, inflation and logistics problems.
But since then, it has been steadily progressing, and the progress continued in 2025. According to the annual accounts published on Thursday, Vestas had a turnover of 18.8 billion euros or just over 140 billion kroner. This corresponds to an increase of almost nine percent.
This is Vestas' largest turnover ever, notes Henrik Andersen, CEO. He also looks down at an order book that is as abundant as ever.
- The increasing need for affordable, secure and sustainable energy helped us achieve an order intake of 16.3 gigawatts, which led to a total order backlog of a record-high 71.9 billion euros, he notes in a comment on the accounts.
The profit after tax also grew and amounted to 780 million euros last year compared to 494 million the year before. At the same time, Vestas' management expects that this year it will be able to raise revenue further, so that it ends up between 20 and 22 billion euros.
Vestas, which has 37,000 employees worldwide, has installed wind turbines with a total capacity of 201 gigawatts over 45 years.
The latest addition to the family is the V236 turbine, which can deliver 15 megawatts and is the cornerstone of the German He Dreiht offshore wind farm, which delivered its first electricity in November. A single revolution of the rotor - which has a diameter of 236 meters - is enough to supply electricity to four households.
For the coming year, Vestes expects revenue of between 20 and 22 billion euros and an EBIT margin of between 6 and 8 percent.
/ritzau/
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