Vestas Raises Profit Outlook as Wind Turbine Orders Surge

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessVestas Raises Profit Outlook as Wind Turbine Orders SurgeVestas Wind Systems A/S lifted its profit guidance for the year and announced a share buyback after a jump in orders for its wind turbines.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Vestas Wind Systems A/S lifted its profit guidance for the year and announced a share buyback after a jump in orders for its wind turbines. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe Danish company said it expects a profit margin of between 7% and 9% for the full year, up from 6% and 8% previously. The upgrade marks further progress for Vestas, which has spent several years working to improve profitability after soaring costs and supply-chain disruptions in the wake of the coronavirus pandemic.Demand for wind turbines is growing around the world as countries turn to renewable energy to decarbonize their power grids, meet rising electricity needs and bolster domestic energy production. That’s driving growth at Vestas, one of the world’s oldest and largest producers of the technology in the world. The company’s Chief Executive Officer Henrik Andersen said in a statement that Vestas will return cash to shareholders through a €400 million ($461 million) share buyback that will run until the end of the year. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againWhile Vestas has increased prices in recent years, orders have continued to climb. Total turbine orders rose more than 50% in the first half from a year earlier. The wind-turbine business traditionally sees stronger activity in the second half, potentially setting Vestas up for a record year.Shares in Vestas are up 2.1% this year after recording a 77% gain in 2025. Outlook for revenue for the year was unchanged and is set to be in a range of €20 billion to €22 billion.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.