Vestas Wind Systems A/S, a leading player in the renewable energy sector, has released its annual report for 2025, showcasing remarkable resilience amidst a turbulent global landscape. The report highlights Vestas' ability to navigate economic uncertainties and deliver exceptional results.
A Year of Record-Breaking Achievements
For the year 2025, Vestas reported a revenue of €18.822 billion, surpassing its initial outlook of €18.5-19.5 billion. This remarkable achievement was accompanied by an EBIT margin before special items of 5.7%, a testament to the company's efficient operations. The total investments for the year amounted to €1.251 billion, in line with expectations.
The combined order backlog across Power Solutions and Service reached an impressive €71.9 billion, a significant increase from previous years. This growth is a direct result of Vestas' commitment to providing affordable, secure, and sustainable energy solutions.
Financial Outlook for 2026: A Promising Horizon
Looking ahead to 2026, Vestas anticipates a revenue range of €20-22 billion, with an EBIT margin before special items of 6-8%. The Service segment is expected to contribute significantly, with an EBIT margin before special items of 15.5-17.5%.
Recognizing Shareholder Value: A Dividend and Buyback Proposal
In recognition of the company's strong performance and cash flow, the Board of Directors of Vestas Wind Systems A/S has proposed a dividend of DKK 0.74 per share to be distributed to shareholders. Additionally, a share buyback of €150 million has been initiated, further demonstrating Vestas' commitment to returning value to its stakeholders.
Henrik Andersen, Group President & CEO, expressed his gratitude to all stakeholders, saying, "Vestas' success is a collective effort, and we are immensely grateful for the support and dedication shown by our customers, partners, shareholders, and colleagues."
Key Highlights: A Deep Dive into Vestas' Achievements
- Revenue and Profitability: Vestas achieved its highest-ever revenue, with a solid EBIT margin of 5.7%. This performance was driven by growth across both Onshore and Offshore segments, as well as the successful execution of its Service recovery plan.
- Service EBIT: While Vestas delivered on its revised Service EBIT guidance, the outcome fell short of performance targets. However, the company remains committed to continuous improvement.
- Order Intake and Backlog: A record-breaking order intake of 16.3 GW led to an all-time high order backlog. Higher Onshore activity, particularly in EMEA, compensated for lower Offshore orders during the year.
- Manufacturing Challenges: The report acknowledges the extra costs and investments associated with the Offshore ramp-up. Despite persistent challenges, Vestas made significant progress and expects further improvements in 2026.
- Returning Value to Shareholders: In addition to the proposed dividend, Vestas' initiative to initiate a share buyback of €150 million underscores its dedication to shareholder value.
Outlook for 2026: A Year of Continued Growth and Innovation
Vestas anticipates a strong performance in 2026, with a revenue range of €20-22 billion and an EBIT margin before special items of 6-8%. The company's focus on innovation and its commitment to sustainable energy solutions position it well for future growth.
Information Meeting: Engaging with Stakeholders
On February 5, 2026, at 10 am CET, Vestas will host a conference call with a presentation on the results. The presentation will be available as an audiocast via vestas.com, allowing stakeholders to engage and ask questions.
Contact Details and Further Information
For further inquiries, please contact:
- Investors/analysts: Daniel Patterson, Vice President, Investor Relations
- Media: Anders Riis, Vice President, Communications
Additional reports and policies mentioned in the Annual Report 2025 can be accessed on Vestas' website: https://www.vestas.com/en/investor/reporting/2025.
A Final Thought: The Power of Sustainable Energy
Vestas' annual report for 2025 serves as a reminder of the company's resilience and commitment to sustainable energy. As the world navigates economic uncertainties, Vestas stands as a beacon of innovation and a driving force behind the transition to a greener future.
What are your thoughts on Vestas' performance and its role in the renewable energy sector? Feel free to share your insights and engage in the discussion below!
