Vestas' Q1 profit rises more than expected as offshore wind turbine production picks up
Published on May 6, 2026.
Vestas' Q1 profit exceeded expectations as offshore wind turbine production increased. The company warned of uncertainty over geopolitical developments and trade tariffs, but reiterated its guidance in February for a full-year operating profit margin of 6-8% on sales of between 20 billion and 22 billion euros. Despite this, Vestas plans to buy back 100 million euros worth of shares and maintain a record backlog. The firm's sales rose by 14% to 3.97 billion euros, slightly above expectations.
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