Vestas Wind Systems A/S reported earnings results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, the company reported sales was EUR 6,270 million compared to EUR 6,141 million a year ago. Net income was EUR 437 million compared to EUR 598 million a year ago.
For the full year, sales was EUR 18,822 million compared to EUR 17,295 million a year ago. Net income was EUR 778 million compared to EUR 499 million a year ago. Basic earnings per share from continuing operations was EUR 0.78 compared to EUR 0.5 a year ago. Diluted earnings per share from continuing operations was EUR 0.77 compared to EUR 0.49 a year ago.
Vestas Wind Systems A/S is the world's leading manufacturer of wind turbines. Net sales by activity break down as follows:
- sale of wind turbines and wind energy production systems (78.6%): 2,837 turbines and systems (with a total capacity of 12,900 MW) delivered in 2024. The group also sells replacement parts;
- services (21.4%): notably maintenance services and warranty extension agreements.
Net sales are distributed geographically as follows: Denmark (2%), Germany (13.4%), Europe/Middle East/Africa (31.2%), the United States (20%), Brazil (10.1%), Americas (8.7%) and Asia/Pacific (14.6%).
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ESG MSCI
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