In a world of increasing uncertainty, Vestas Wind Systems A/S has proven its resilience and adaptability. The company's annual report for 2025 showcases its ability to thrive amidst global challenges. But here's where it gets controversial: Vestas not only survived, but thrived, achieving its highest revenue and profitability ever!
Unveiling the Numbers
For the year 2025, Vestas reported a remarkable revenue of €18.822 billion, exceeding its outlook of €18.5-19.5 billion. The EBIT margin before special items stood at a solid 5.7 percent, while total investments reached €1.251 billion, slightly higher than the anticipated €1.2 billion.
The combined order backlog across Power Solutions and Service grew to an impressive €71.9 billion, setting a new record.
Looking ahead to 2026, Vestas forecasts revenue between €20-22 billion, with an EBIT margin before special items of 6-8 percent. The Service segment is expected to shine, with an EBIT margin of 15.5-17.5 percent.
A Reward for Shareholders
In recognition of its strong performance, Vestas proposes a dividend of DKK 0.74 per share to its shareholders. Additionally, a share buyback of €150 million is on the cards. This move reflects Vestas' commitment to returning value to its investors.
Henrik Andersen, Group President & CEO, expressed his gratitude: "We achieved these results in a volatile environment, thanks to growth across Onshore, Offshore, and Service. Our strong cash flow allows us to reward our shareholders for the second quarter consecutively."
Key Takeaways
- Revenue of €18.8 billion and an EBIT margin of 5.7 percent, hitting the upper end of the outlook.
- Service EBIT of €626 million, meeting the revised guidance but falling short of performance targets.
- Order intake of 16.3 GW, leading to a record-high order backlog of €71.9 billion.
- Manufacturing ramp-up incurred extra costs and investments, but progress was made, with further improvements expected in 2026.
- A dividend of DKK 0.74 per share proposed, along with a €150 million share buyback.
The Future Outlook
For 2026, Vestas anticipates continued growth, with revenue expected between €20-22 billion and an EBIT margin of 6-8 percent.
Join the Vestas team on Thursday, February 5, 2026, at 10 am CET (9 am GMT) for a conference call and presentation on these results. The audiocast will be available live and for replay on vestas.com.
Don't miss this opportunity to delve deeper into Vestas' impressive performance and future plans.
And this is the part most people miss: Vestas' success story is a testament to its ability to navigate uncertainty and emerge stronger. It's a powerful reminder that, even in challenging times, innovation and resilience can lead to remarkable achievements.
What's your take on Vestas' performance and its outlook for the future? Share your thoughts in the comments below!
