Vestas presented its annual accounts on Wednesday, which showed revenue of approximately 129 billion. DKK. This was 12 percent more than the previous year. At the same time, the company raised its profit after tax to almost 3.7 billion. DKK. This is more than six times more than in 2023.
Following the presentation of the accounts, Vestas has also launched a share buyback program for up to 100 million euros (approximately 746 million DKK, ed.). The purpose of the share buyback program is to adjust Vestas' capital structure, Vestas said in a company announcement. This is the first share buyback program that Vestas has implemented since a program of 1,500 million. DKK at the end of 2019.
The program is being implemented in accordance with the authorization given at the general meeting in April 2024 and will be carried out in accordance with the applicable EU rules on market abuse. Vestas has appointed Danske Bank as the main responsible party, and the bank will make its trading decisions independently of the company.
Vestas can repurchase a maximum of 15 million shares, corresponding to 1.5 percent of the share capital. The company already owns 4,104,643 treasury shares, corresponding to 0.4 percent of the share capital. Vestas reserves the right to suspend or terminate the program with prior company announcement.
In addition to the share buyback program, Vestas has also announced that it intends to pay dividends to its shareholders for the first time since 2021. The Board of Directors proposes a dividend of DKK 0.55 per share.
amp
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.
