Vestas, the Danish wind turbine giant, achieved strong financial results in 2024, marking a major turnaround. Founded in 1945, Vestas is a global leader in sustainable energy solutions, specializing in the design, manufacturing, installation, and servicing of wind turbines. The company operates in more than 80 countries, playing a crucial role in the global transition to renewable energy.
Focus on profitability
Vestas attributes its success to prioritizing value over volume. By selecting profitable projects and avoiding financial risks, the company has strengthened its position. As Vestas director Henrik Andersen stated:
“Our progress in 2024 was driven by an uncompromising focus on value over volume.”
Market uncertainty and future outlook
Despite strong results, Vestas remains cautious, particularly about the U.S. wind energy market. With President Donald Trump prioritizing oil and gas, uncertainties persist. However, the company forecasts 2025 revenue between 134 and 149 billion DKK (18–20 billion EUR) and an operating profit of 5–10 billion DKK (670 million–1.34 billion EUR), citing a strong order book.
Shareholder value and stability
Vestas plans to distribute dividends and initiate a share buyback program, signaling confidence in its stability. Andersen added:
“That probably also reflects – we think – a certain confidence and certainty about where we are.”
While the stock price remained stable, these moves indicate optimism and a robust financial foundation.
