Vestas Wind Systems A/S

VWS

Equity

ISIN DK0061539921 / Valor 111042507

Nasdaq Copenhagen Equities (2024-12-23)

DKK 98.66+4.53%

Vestas Wind Systems A/S
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About company

Vestas Wind Systems A/S is a global leader in the wind energy industry, with a structurally lean organization that operates in 24 countries. The company's business is structured around seven key areas, with a focus on key disciplines and all employees contributing to its overall performance. Vestas' Executive Management team, comprised of eight members, ensures the well-functioning of the company. Additionally, Vestas has five regional sales business units in Northern Central Europe, the Americas, the Mediterranean, Asia Pacific, and China, further solidifying its presence in key markets around the world.

Summarized from source with an LLMView SourceSector: Energy

Quarterly Revenue

In the third quarter of 2024, Vestas Wind Systems A/S reported a quarterly revenue of EUR 5.2 billion. This reflects the company's ongoing efforts to maintain a strong financial performance amidst challenging market conditions.

EBIT Margin

Vestas Wind Systems A/S achieved an EBIT margin before special items of 4.5 percent in Q3 2024. This margin indicates the company's ability to manage its operational costs effectively while generating revenue.

Order Intake and Backlog

During the third quarter of 2024, Vestas Wind Systems A/S recorded an order intake of 4.4 GW. Additionally, the company reported a combined order backlog valued at EUR 63.4 billion, showcasing a robust demand for its wind energy solutions.

Guidance and Adjustments

Vestas Wind Systems A/S maintained its revenue and EBIT margin guidance for 2024, with some adjustments to the Service EBIT and total investments. The company indicated that the lower end of the guidance range is now more likely for the Group EBIT margin.

Financial Outlook

Looking ahead, Vestas Wind Systems A/S remains focused on navigating the evolving market landscape. The company continues to prioritize strategic investments and operational efficiencies to sustain its financial health and market leadership in the wind energy sector.

Summarized from source with an LLMView Source

Key figures

-50.9%1Y

-49.7%3Y

-26.8%5Y

Performance

39.0%1Y

45.3%3Y

45.5%5Y

Volatility