Vestas Wind Systems A/S

Earnings data Q1 2021

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Vestas Wind Systems A/S engages in the business of developing, manufacturing, selling, and maintaining wind power plants. It operates under the Power Solutions and Service segments. The Power Solutions segment focuses on onshore and offshore wind power plants, wind turbines, and development sites. The Service segment is involved in service contracts and spare parts. The company was founded by Smith Hansen and Peder Hansen in 1898 and is headquartered in Aarhus, Denmark.

Russia's state nuclear corporation Rosatom launched a wind turbine blade factory at the location of a plant formerly owned by Denmark's Vestas , the governor of Russia's Ulyanovsk region said on his Telegram channel.

Russia's Rosatom launches wind turbine blade factory replacing Vestas plant

Vestas has faced significant challenges, including declining margins and negative impacts from COVID and high interest rates, but it is showing signs of recovery. 2025 is expected to be a strong year with revenue growth in the low-double digits and improved EBIT margins due to better pricing, higher volumes, and improved mix. Record order backlogs and strong offshore orders indicate robust future performance, despite potential policy changes under the Trump administration.

Vestas Shares At Multi-Year Lows While Headwinds Shift To Tailwinds - Trading Buy Update

Vestas has won an order for the 1.1 gigawatt (GW) Inch Cape Offshore Wind project in Scotland from Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables, the Danish wind turbine maker said on Friday.

Vestas wins 1.1 GW order in Scotland

Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.

Vestas to Cut Jobs at U.K. Factory

Denmark's Vestas said on Wednesday its Chief Financial Officer Hans Martin Smith would step down by the end of this year, and that the company has begun looking for his replacement.

Vestas CFO to step down by end of 2024

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Vestas Wind Systems A/S (OTCPK:VWDRY) Q3 2024 Earnings Conference Call November 5, 2024 4:00 AM ET Company Participants Henrik Andersen - Chief Executive Officer Hans Smith - Chief Financial Officer Conference Call Participants Martin Wilkie - Citi Kristian Tornøe - SEB Claus Almer - Nordea Deepa Venkateswaran - Bernstein Ajay Patel - Goldman Sachs Dan Togo Jensen - Carnegie John Kim - Deutsche Bank Akash Gupta - JPMorgan Max Yates - Morgan Stanley Ben Heelan - Bank of America Sean McLoughlin - HSBC Casper Blom - Danske Bank Colin Moody - RBC Capital Markets William Mackie - Kepler Cheuvreux Henrik Andersen Good morning. And welcome to our Presentation of our Q3 2024.

Vestas Wind Systems A/S (VWDRY) Q3 2024 Earnings Call Transcript

Vestas , the world's largest maker of wind turbines, on Tuesday reported a lower-than-expected third-quarter operating profit and said it expects its operating profit margin this year at the lower end of its guided range.

Vestas third-quarter operating profit lags expectation

Finland's Fortum said on Thursday it had settled a dispute with Denmark's Vestas over advance payments it made for equipment for Russian wind park projects that were terminated due to sanctions.

Fortum, Vestas settle dispute over Russian wind energy projects

The wind industry is coming out of a dark period and Vestas is well positioned to benefit from this. Vestas-Mitsubishi Heavy Industries relationship may be important for the expansion of Vestas offshore wind business. China has become a major player in wind power, but the rest of the world is interested to have a presence in the future of wind power.

Vestas Wind Systems Is No Longer Becalmed

Vestas Wind Systems is poised for explosive growth with expected quadrupling of free cash flow by 2026, despite recent negative earnings. Key growth drivers include higher ASPs for new orders, promising offshore wind installations, and steady service revenue with high margins. Risks include inflation, supply chain issues, Chinese competition, and regulatory changes, but Vestas's trajectory suggests potential for sustained profitable growth.

Vestas Wind Systems: Growth With Expanding Margins

Vestas Wind Systems A/S (OTCPK:VWDRY) Q2 2024 Earnings Conference Call August 14, 2024 4:00 AM ET Company Participants Henrik Andersen - CEO Hans Smith - CFO Conference Call Participants Ajay Patel - Goldman Sachs Kristian Tornøe - SEB William Mackie - Kepler Cheuvreux Daniel Haugland - ABG Casper Blom - Danske Bank Akash Gupta - JPMorgan Deepa Venkateswaran - Bernstein Colin Moody - RBC Capital Markets Sebastian Growe - BNP Paribas Vlad Sergievskiy - Barclays Claus Almer - Nordea Ben Heelan - Bank of America Sean McLoughlin - HSBC Henry Tarr - Berenberg Lucas Ferhani - Jefferies Henrik Andersen Good morning and welcome to our Full Presentation of our Q2 and also First Half Reporting for 2024. Clearly, you've seen it from Monday, the negative quarter for service, but also with a solid progress in most other areas.

Vestas Wind Systems A/S (VWDRY) Q2 2024 Earnings Call Transcript

Vestas, the world's number one wind turbine maker, said on Wednesday that writedowns pushed it into a wider loss in the second quarter.

Turbine maker Vestas says losses widened on writedowns

Vestas , the world's largest maker of wind turbines, slightly lowered its full-year profit margin outlook, hit by higher costs in its service business, it said on Monday.

Wind turbine maker Vestas lowers profit margin outlook

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Vestas is a major global wind turbine maker, installer (157 GW) and servicer (149 GW of service contracts), with business in 88 countries. Offshore wind projects in the US, Australia, Brazil are taking shape as the need is recognised for scale up of wind power to address the climate crisis. Oil & gas companies talk down offshore wind and BP exits offshore wind projects.

Vestas: Waiting For The Wind To Blow Offshore

Vestas , the world's largest maker of wind turbines, reported on Thursday a surprise adjusted operating loss for the first quarter hit by lower project deliveries but stuck to its full-year profit margin and sales outlook.

Wind turbine maker Vestas reports surprise Q1 loss as deliveries fall

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Vestas Wind Systems published its annual report for 2023, titled 'a return to profitability', after a loss-making 2022. Despite razor-thin margins at 1.5% and ongoing struggles in the wind energy industry, Vestas was able to grow its revenue and earnings. Vestas achieved a record order intake of 18.4 GW for the full year and aims to continue building momentum in 2024.

Vestas: A Return To Profitability

Vestas Wind Systems A/S (VWDRY) Q4 2023 Earnings Call Transcript

Vestas shares rose sharply after it posted fourth-quarter profits and revenue above market expectations and said it expected higher sales in 2024.

Vestas Beats Views After Record Orders

Vestas , the world's leading wind turbine maker, reported on Wednesday a forecast-beating fourth quarter operating profit before special items but said it would not pay a dividend for 2023.

Wind turbine maker Vestas' Q4 profit beats expectations, drops dividend

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