Vestas annouces Q3 results

Wind Industry Profile of

Summary: Quarterly revenue of EUR 4.4bn with an EBIT margin before special items of 1.6 percent. Order intake of 4.5 GW and record-high combined order backlog of EUR 54.0bn. Full-year guidance narrowed.

In the third quarter of 2023, Vestas generated revenue of EUR 4,353m – an increase of 11.2 percent compared to the year-earlier period. EBIT before special items amounted to EUR 70m, resulting in an EBIT margin before special items of 1.6 percent, compared to (3.2) percent in the third quarter of 2022. Free cash flow1) amounted to EUR (251)m compared to EUR (752)m in the third quarter of 2022. The quarterly intake of firm and unconditional wind turbine orders amounted to 4,502 MW, a 138 percent increase from third quarter 2022. The value of... ... More: Official Press Release Vestas

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