Vestas Annual Report 2023 – A return to profitability
Vestas Wind Systems A/S, Aarhus, 7 February 2024Company announcement no. 01/2024 Summary: For the year 2023, Vestas achieved revenue of EUR 15,382m (outlook: EUR 14.5-15.5bn), with an EBIT margin before special items of 1.5 percent (outlook: 0-2 percent), and total investments[1] of EUR 823m (outlook: approx. EUR 0.8bn). The value of the combined order backlog across Power Solutions and Service increased to EUR 60.1bn. Our financial outlook for 2024 is as follows: Revenue is expected to range between EUR 16bn and 18bn, including Service revenue. Vestas expects to achieve an EBIT