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Vestas – Interim Financial Report, Third Quarter 2024

Vestas Wind Systems A/S, Aarhus, 05 November 2024Company Announcement no. 16/2024 Summary: Quarterly revenue of EUR 5.2bn with an EBIT margin before special items of 4.5 percent. Order intake of 4.4 GW and combined order backlog of EUR 63.4bn. Revenue and EBIT margin guidance maintained with adjustments to Service EBIT and total investments. Lower end of the guidance range now more likely for the Group EBIT margin. In the third quarter of 2024, Vestas generated revenue of EUR 5,177m – an increase of 18.9 percent compared to the year-earlier period. EBIT before special items amounted

Vestas – Q3 2024 conference call

Vestas Wind Systems A/S, Aarhus,Investor News, 31 October 2024  Vestas expects to disclose our Interim Financial Report, Third Quarter 2024 on 5 November 2024. On the day of the release, Vestas will host a conference call, in which our CEO and CFO will present the results via an audiocast, which can be followed live or replayed. The meeting will be held in English. Time5 November 2024 at 10.00 am CET (09.00 am GMT)  AudiocastTo livestream or replay the presentation, go to Audiocast link 

Vestas announces 137 MW order for two repowering projects in the U.S.

News release from Vestas-American Wind TechnologyPortland, October 16, 2024  Vestas is proud to announce the following order as part of our Q4 order intake: Country Region Customer Project MW Turbine Service Delivery & name variant agreement commissioningUSA Vestas Exus Highland 137 V120 20-year Delivery in North Management North -2.2 MW AOM 5000 Q4 of 2025, America Partners Repower service commissioning

Vestas and Fortum reach settlement on arbitration related to Russian wind energy projects

News release from Vestas Wind Systems A/SAarhus, 10 October 2024 Vestas and Fortum are pleased to announce that the companies have settled the arbitration regarding wind energy projects in Russia. The settlement entails that both companies waive past, present and future claims related to their legacy business activities in Russia. The terms of the settlement are otherwise confidential. With this settlement, Fortum and Vestas have reached a compromise that allows the companies to work together again on new energy projects as well as already operating wind parks. Fortum President and

Major shareholder announcement - change in group structure of BlackRock, Inc.

Vestas Wind Systems A/S, Aarhus, 9 October 2024Company Announcement No. 15/2024 Pursuant to Section 30 of the Danish Capital Markets Act, Vestas Wind Systems A/S hereby discloses a notification received from BlackRock, Inc., Wilmington, Denver, USA, on 7 October 2024, cf. attachment. The reason for the notification is a change to BlackRock’s group structure, resulting from the acquisition of Global Infrastructure Management, LLC. Furthermore, BlackRock, Inc. informs that it is still a major shareholder, and that in its new group structure, its holding of voting rights and share

Vestas signs conditional agreement for a 1.1 GW offshore wind project in Scotland

News release from Vestas Northern and Central EuropeHamburg, 30 September 2024 Vestas has signed a conditional order agreement with Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables, for the 1.1 GW Inch Cape project in Scotland. The agreement is for the supply, installation, and commissioning of 72 V236-15.0 MW wind turbines for the Inch Cape Offshore Wind project. The scope of the service contract includes a long-term comprehensive service agreement followed by a tailor-made operational support agreement. “We are very pleased to have signed

Vestas secures 41 MW order in Spain

News release from Vestas Mediterranean Madrid, 30 September 2024 Vestas is proud to announce the following order as part of our Q3 order intake:     +-------+------+--------+-------+--+-------+---------+------------------------+|Country|Region|Customer|Project|MW|Turbine|Service |Delivery & commissioning|| | | |name | |variant|agreement| |+-------+------+--------+-------+--+-------+---------+------------------------+|Spain |EMEA |Altano |Dama de|41|9 x |15-year |Delivery in Q3 of 2025, || | |Energy

Vestas announces three orders, amounting to 113 MW in total

News release from Vestas Wind Systems A/S Aarhus, 30 September, 2024   Vestas is proud to announce the following orders as part of our Q3 order intake:     +-+-------+--------+------------+-----------+--+---------+---------+-------------+| |Country|Region |Customer |Project |MW|Turbine |Service |Delivery & || | | | |name | |variant |agreement|commissioning|+-+-------+--------+------------+-----------+--+---------+---------+-------------+|1|Japan |APAC |Tohoku |Shiroishi |34|8 x V117 |20-year |Delivery in || |

Vestas secures its largest onshore wind project to date in Japan with 134 MW order from Invenergy

News release from Vestas Asia PacificSeoul, 24 September 2024 Vestas has secured a 134 MW order from Invenergy, for the Inaniwa Wind Energy Center in Iwate prefecture in Japan. It is Vestas’ largest onshore order to date in the Japanese market. The order includes supply and supervision of installation of 32 units of V117-4.2 MW wind turbines, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimised performance and long-term business case certainty for this valuable partner. “We are pleased to partner again with Invenergy in

Vestas secures its first U.S. offshore order with 810 MW Empire Wind 1 project

News release from Vestas-American Wind TechnologyPortland, 9 September 2024 Vestas has secured an 810 MW offshore order from Equinor to power New York’s Empire Wind 1 offshore wind project. The order includes 54 V236-15.0 MW turbines and marks Vestas’ first order in the U.S. for an offshore platform and its industry-leading, type-certified V236-15.0 MW turbine. The order includes supply, delivery, and commissioning of the turbines, as well as a five-year comprehensive service agreement, designed to ensure optimised performance of the asset followed by a long-term service support

Vestas wins 55 MW order in Germany

News release from Vestas Northern and Central Europe Hamburg, 3 September, 2024    Vestas is proud to announce the following order as part of our Q3 order intake:     +-------+---------+--------+--------+--+-------+---------+--------------------+|Country|Region |Customer|Project |MW|Turbine|Service |Delivery & || | | |name | |variant|agreement|commissioning |+-------+---------+--------+--------+--+-------+---------+--------------------+|Germany|Vestas |BWP GT |Gnutz |55|6 x |20-year |Delivery in Q3 2025,||

Vestas announces 114 MW order in the USA

News release from Vestas-American Wind Technology Portland, 21 August, 2024    Vestas is proud to announce the following order as part of our Q3 order intake:     +-------+-------+-----------+-------+---+-------+-----------------+-------------+|Country|Region |Customer |Project|MW |Turbine|Service agreement|Delivery & || | | |name | |variant| |commissioning|+-------+-------+-----------+-------+---+-------+-----------------+-------------+|USA |Vestas |Competitive|Rogue’s|114|19 x |Multi-year Active|Delivery in |

Vestas successfully develops Lotus Creek Wind Farm in Australia and secures 285 MW order from CS Energy

News release from Vestas Asia PacificSeoul, 15 August 2024 Vestas has received an order for the Supply and Installation (S&I) of 46 V162-6.2 MW wind turbines from Vestas’ EnVentus platform for CS Energy’s Lotus Creek Wind Farm, located in Central Queensland. With a generation capacity of 285 MW, Vestas will also deliver a long-term Active Output Management 5000 (AOM 5000) service agreement, ensuring optimal energy production to the Australian grid. Lotus Creek Wind Farm is the first project developed by Vestas Development in Australia, to reach financial close and construction

Vestas – Interim Financial Report, Second Quarter 2024

Vestas Wind Systems A/S, Aarhus, 14 August 2024Company Announcement no. 14/2024 Summary: Quarterly revenue of EUR 3.3bn with an EBIT margin before special items of (5.6) percent. Order intake of 3.6 GW and record-high combined order backlog of EUR 63.0bn. Full-year guidance on revenue and EBIT margin narrowed as already announced. In the second quarter of 2024, Vestas generated revenue of EUR 3,296m – a decrease of 3.9 percent compared to the year-earlier period. EBIT before special items amounted to EUR (185)m, resulting in an EBIT margin before special items of (5.6) percent, as

William Fehrman steps down from the Board of Directors of Vestas Wind Systems A/S

Vestas Wind Systems A/S, Aarhus, 14 August 2024Company Announcement No. 13/2024 William Fehrman, who was elected as member of the Board of Directors of Vestas Wind Systems A/S on the Annual General Meeting 2024, has decided to step down from his board position with effect as of today, 14 August 2024. William Fehrman has taken this decision to avoid any potential conflict of interest as he has been elected by the Board of Directors of American Electric Power Company, Inc. to lead the company as Director, President and Chief Executive Officer. Contact detailsVestas Wind Systems A/

Vestas announces five orders, amounting to 404 MW in total

News release from Vestas Wind Systems A/S   Aarhus, 13 August, 2024  Vestas is proud to announce the following orders as part of our Q3 order intake:     +-+---------+-------------+-----------+-----------+---+-------+---------+-------------+| |Country |Region |Customer |Project |MW |Turbine|Service |Delivery & || | | | |name | |variant|agreement|commissioning|+-+---------+-------------+-----------+-----------+---+-------+---------+-------------+|1|Dominican|Vestas Latin |Undisclosed|Undisclosed|50 |11

Narrowing of full-year outlook due to adjustments to planned costs in Service

Vestas Wind Systems A/S, Aarhus, 12 August 2024Company Announcement No. 12/2024 Vestas narrows the financial outlook for 2024 on revenue to EUR 16.5bn-17.5bn (from EUR 16bn-18bn) and EBIT margin before special items to 4-5 percent (from 4-6 percent) based on adjustments to planned costs in the Service segment. Inflation indexation remains a key mechanism to protect profitability in the order backlog. However, adjustments to planned costs impact current profitability in Vestas’ Service segment. As a result of this adjustment, for second quarter 2024, the Group EBIT margin before

Vestas announces two new orders in Germany, amounting to 58 MW in total

News release from Vestas Wind Systems A/S  Aarhus, 9 August, 2024   Vestas is proud to announce the following orders as part of our Q3 order intake:     +-+-------+---------+---------+---------+--+-------+---------+-------------+| |Country|Region |Customer |Project |MW|Turbine|Service |Delivery & || | | | |name | |variant|agreement|commissioning|+-+-------+---------+---------+---------+--+-------+---------+-------------+|1|Germany|Vestas |Uhl |WP Brand |36|5 x |25-year |Delivery in || | |Northern |Windkraft|

Vestas wins 41 MW order in Spain

News release from Vestas MediterraneanMadrid, 9 August 2024 Vestas has received a 41 MW order for the Barranco del Agua II and the Carrugueiro wind parks in Spain. The order is placed by Green Mind Ventures, part of GreenVolt, and it includes the supply and installation of six V163-4.5 MW and three V136-4.5 MW wind turbines, as well as a 20-year Active Output Management (AOM 4000) service agreement. “We are glad to see how the versatility of our 4 MW platform portfolio continues to suit our customers’ needs in Spain. Our full converter technology enables market-leading grid

Vestas wins 99 MW project in Romania

News release from Vestas Northern and Central EuropeHamburg, 8 August 2024 Vestas has received a 99 MW order from OX2 for an undisclosed wind energy project in Romania. Vestas will deliver 16 V162-6.2 MW wind turbines. The order also includes supply, delivery, and commissioning of the turbines. Upon completion, Vestas will service the turbines under a 35-year Active Output Management 5000 (AOM 5000) service agreement designed to ensure optimised performance of the assets. “We are thrilled to announce this project which is a testament to the successful collaboration we have

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