Vestas has fought its way back to profitability in recent years after a period marked by loss-making contracts and major challenges in the global wind industry. In 2024, the company posted a profit of DKK 3.7 billion, and it is the first time in three years that Vestas has made money from selling its wind turbines. This is reported by the Danish newspaper Børsen.
Yet the stock market's confidence in the company is under pressure. The price of the Vestas share has fallen by 50 percent in the past year and is now at its lowest level in more than six years. In particular, geopolitical uncertainty and the prospect of changing political winds in the US – Vestas' largest market – are worrying investors. Henrik Andersen understands the frustration.
– Neither we nor the shareholders – and here I am also speaking as a shareholder – can be satisfied with a share price that is here, says Henrik Andersen, CEO of Vestas.
The market's skepticism is hitting despite the fact that Vestas has experienced increasing order intake during 2023 and 2024, particularly driven by developments in the US and Germany. But the future is uncertain, and in particular possible changes in support schemes and trade policy in the US could have consequences for the company's growth opportunities.
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