The Danish wind turbine manufacturer Vestas Wind Systems increased its net profit by six to €494 million in 2024, thanks to a record number of orders, the company reported on Wednesday.
Sales amounted to €17.295 billion, 12% more, according to the balance sheet, which carries over from the second quarter a write-off of €300 million for unexpected costs.
The net operating result (ebit) doubled to €794 million.
The power produced was 13,198 megawatts, 13% more, and the installed power was 12,900 megawatts, almost 2% more.
In the fourth quarter, Vestas earned €598 million net, four times more than a year earlier.
Sales rose to €6.141 billion, up 29% year-on-year.
EBIT tripled to €759 million.
The Danish wind company expects its annual revenues to reach between €18 and €20 billion in 2025.