Vestas Wind Systems AS (VWDRY) reports a robust Q4 with significant revenue growth and strategic initiatives despite facing operational challenges.

Denmark's Vestas, the world's biggest wind turbine maker, reported on Wednesday a higher-than-expected adjusted operating profit for the fourth quarter but warned of ongoing uncertainty for 2025. "Although ongoing geopolitical and trade volatility is expected to cause uncertainty,

Danish group says year 'didn't evolve as expected' but robust orders and selling prices gives cause of optimism

Danish wind turbine company Vestas Wind Systems on Wednesday reported an increase in its profit for the fourth quarter of 2024 to €598 million ($623 million) from €149 million in the previous year. Its earnings before interest and taxes (EBIT) before special items also climbed to €759 million from €191 million in the previous year.

Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16. Revenue was up $1.42 billion from the same period last year. In the previous quarter, the company missed on EPS by $0.03, resulting in a 14.000000000000002% drop change in the share price the following day.

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