Out now: our financial report for our full-year results for 2023. With an EBIT-margin of 1.5 percent, Vestas has fulfilled its guidance and returned to profitability. This was driven by a record-setting order intake of 18.4GW, and continuous growth in our Service business and higher pricing which led to a revenue of EUR 15.4bn. To mark this significantly improved performance, Vestas will be paying employee incentives for the first time in four years. Commenting on the results, our CEO Henrik Andersen says: “I am extremely proud to announce that Vestas has ended 2023 as a profitable company. I am especially proud to announce that this result enables us to pay our colleagues a bonus for the first time in four years. Our success is driven by our people. Geopolitical volatility, slow permitting, and insufficient grid build-out are just some of the bottlenecks standing in the way of the energy transition. But going forward, I am confident that we can build on this momentum to reach our financial ambitions in the coming years.” Read more: https://lnkd.in/dRJmeTtt To join our investor audiocast, visit: https://lnkd.in/dZAH6ekh
Exciting news! The U.S. Department of the Interior approved the Empire Wind project for New York, a joint venture by Equinor and bp. As the preferred turbine supplier of the Empire Wind Project, we’re committed to ensuring the success of the first wave of projects which will pave the way for the long-term viability and sustainability of the U.S. offshore market. We can’t wait to see our V236-15.0 MW turbines in the water and begin establishing a robust global supply chain to support the deployment of this remarkable technology at scale. Read more about our U.S. offshore ambitions: https://brnw.ch/21wEFxe