Danish group Vestas Wind Systems A/S recorded a significant improvement in profitability in the third quarter, driven by growing onshore wind activity. Net profit reached €304mn, up from €127mn in the same period the previous year. Revenue totalled €5.3bn, a 3.1% increase, supported by higher project deliveries in the onshore segment.
Results driven by US and German activity
Commercial performance was strengthened by a 4% rise in order intake, reaching 4.6 gigawatts. Growth was supported by demand from the United States and Germany, with onshore activity increasing by 60%. Operating profit stood at €414mn, well above the consensus forecast of €300mn, although revenue slightly missed expectations of €5.39bn.
Updated guidance and shareholder returns
With increased visibility on performance, Vestas narrowed its full-year guidance. The company now expects revenue between €18.5bn and €19.5bn (previously €18bn–€20bn) and an operating margin of 5% to 6% (previously 4%–7%). This revision reflects stronger project execution in the onshore segment, although service profitability has declined.
In parallel, Vestas announced a €150mn share buyback programme to return value to shareholders in light of stronger financial results.
Challenging environment for Western wind sector
The group continues to face geopolitical uncertainty. Supply chain disruptions and rising costs remain pressures across the sector, particularly for Western manufacturers. In the United States, market prospects were affected by a freeze on federal permits and funding for both offshore and onshore wind projects announced by President Donald Trump’s administration.
According to company leadership, such conditions underline the importance of stable public policy to ensure competitive and predictable energy systems.
