Q3: 2025-11-05 Earnings Summary
EPS of $0.12 beats by $0.05
| Revenue of $6.13B (8.44% Y/Y) misses by $144.02M
Vestas Wind Systems A/S (OTCPK:VWDRY) Q3 2025 Earnings Call November 5, 2025 4:00 AM EST
Company Participants
Henrik Andersen - Group President & CEO Jakob Wegge-Larsen - Chief Financial Officer
Conference Call Participants
Sean McLoughlin - HSBC Global Investment Research John-B Kim - Deutsche Bank AG, Research Division Kristian Tornøe Johansen - SEB, Research Division Dan Jensen - DNB Carnegie, Research Division Akash Gupta - JPMorgan Chase & Co, Research Division Colin Moody - RBC Capital Marke…
Q3: 2025-11-05 Earnings Summary
EPS of $0.12 beats by $0.05
| Revenue of $6.13B (8.44% Y/Y) misses by $144.02M
Vestas Wind Systems A/S (OTCPK:VWDRY) Q3 2025 Earnings Call November 5, 2025 4:00 AM EST
Company Participants
Henrik Andersen - Group President & CEO Jakob Wegge-Larsen - Chief Financial Officer
Conference Call Participants
Sean McLoughlin - HSBC Global Investment Research John-B Kim - Deutsche Bank AG, Research Division Kristian Tornøe Johansen - SEB, Research Division Dan Jensen - DNB Carnegie, Research Division Akash Gupta - JPMorgan Chase & Co, Research Division Colin Moody - RBC Capital Markets, Research Division Claus Almer - Nordea Markets, Research Division Ajay Patel - Goldman Sachs Group, Inc., Research Division Alexander Jones - BofA Securities, Research Division Max Yates - Morgan Stanley, Research Division Lucas Ferhani - Jefferies LLC, Research Division Henry Tarr - Joh. Berenberg, Gossler & Co. KG, Research Division Casper Blom - Danske Bank A/S, Research Division Deepa Venkateswaran - Sanford C. Bernstein & Co., LLC., Research Division Martin Wilkie - Citigroup Inc., Research Division
Presentation
Henrik Andersen Group President & CEO
Good morning, and welcome to Vestas’ Q3 reporting and also closing and looking forward to close a very solid year 2025. I’ll also take here the opportunity to extend a big thank you to our customers, colleagues and not least our external stakeholders, great support and commitment through the current environment through the first current 9 months of the year to the execution we are talking and going to talk much more about, today.
So with that, could I go here to the key highlights. So, key highlights, revenue of EUR 5.3 billion. That’s an increase of 3% year-on-year driven by higher deliveries, despite negative foreign exchange development. When we look at the EBIT margin of 7.8%, earnings achieved through improved Onshore project execution, lower warranty costs, partly offset by our manufacturing ramp-up, which is continuing, but also progressing well. When we look at the order intake of 4.6 gigawatts, up 4% year-on-year, driven by U.S. and Germany and Onshore is up more than 60% quarter-on-quarter comparison to last year.