Vestas Wind Systems delivered a solid performance in the first quarter of 2025 marked by significant revenue growth and improved profitability.
Vestas revenue rose 29.4 percent year-on-year to EUR 3.5 billion, reflecting higher activity levels and improved average pricing in the Power Solutions segment.
The EBIT margin before special items reached 0.4 percent, a notable improvement from negative 2.5 percent in Q1 2024, despite ongoing seasonality and manufacturing ramp-up challenges in both Onshore and Offshore operations.
The company’s order intake surged to EUR 3.9 billion, a more than 70 percent increase, driven by strong momentum in Offshore and EMEA Onshore markets, although some geographies were affected by external geopolitical factors.
Wind turbine orders totaled 3.1 GW, up 36 percent, while the total order backlog climbed to EUR 69.8 billion, combining EUR 32.9 billion in turbine orders and EUR 36.9 billion in expected future revenue from service agreements.
Financially, Vestas reduced its negative adjusted free cash flow to EUR (325) million from EUR (997) million a year earlier, indicating improved cash discipline.
Vestas reaffirmed its full-year 2025 guidance, expecting revenue between EUR 18–20 billion, an EBIT margin before special items of 4–7 percent, and capital expenditures of approximately EUR 1.2 billion.
Amid geopolitical uncertainty and regionalisation, Vestas remains committed to its strategic priorities, including the ongoing manufacturing ramp-up and a multi-year recovery plan in its Service division, which remains on track. The planned onboarding of Jakob Wegge-Larsen as the new CFO on 1 June 2025 is also set to support continued strategic execution.
GreentechLead.com News Desk