Aug 13, 2025
Vestas, the wind turbine manufacturer, reported second-quarter profits that fell short of expectations but maintained its outlook.
Wind turbine manufacturer Vestas reported a smaller-than-forecast increase in operating profit for the second quarter but upheld its financial projections for the year, anticipating it could manage the effects of uncertainty in U.S. policies. For April to June, Vestas posted an operating profit before one-off items of 57 million euros ($66.56 million), falling short of the 89 million euros predicted by analysts, but an improvement from a loss of 185 million euros a year earlier.
CEO Henrik Andersen mentioned that while there was strong order momentum in EMEA, political uncertainty affected key markets, and the company was addressing these challenges. Vestas, the largest wind turbine manufacturer outside of China, kept its 2025 forecasts steady, targeting an operating profit margin before special items of 4%-7% and revenues between 18 billion and 20 billion euros, slightly above the previous year's projected 17.3 billion euros. The company highlighted significant uncertainty around tariffs, particularly in the U.S., where trade tariffs pose a risk due to the global sourcing of wind turbine components and materials.
U.S. policies under President Donald Trump have limited incentives for wind and solar energy, which are prevalent among new power generation projects awaiting grid connection. Vestas reported a 44% decline in megawatt orders for wind turbines in the second quarter, particularly in core markets like the U.S. While rising tariffs are expected to increase costs, Vestas predicted this would also result in higher electricity prices.
CEO Henrik Andersen mentioned that while there was strong order momentum in EMEA, political uncertainty affected key markets, and the company was addressing these challenges. Vestas, the largest wind turbine manufacturer outside of China, kept its 2025 forecasts steady, targeting an operating profit margin before special items of 4%-7% and revenues between 18 billion and 20 billion euros, slightly above the previous year's projected 17.3 billion euros. The company highlighted significant uncertainty around tariffs, particularly in the U.S., where trade tariffs pose a risk due to the global sourcing of wind turbine components and materials.
U.S. policies under President Donald Trump have limited incentives for wind and solar energy, which are prevalent among new power generation projects awaiting grid connection. Vestas reported a 44% decline in megawatt orders for wind turbines in the second quarter, particularly in core markets like the U.S. While rising tariffs are expected to increase costs, Vestas predicted this would also result in higher electricity prices.