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Vestas Wind Systems (DE:VWSB)
XETRA:VWSB
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Feb 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture: record revenue, improved full‑year profitability, stronger ROCE and EPS, record backlogs, improved working capital and a net cash position, plus clear capital return actions. Key challenges remain around Service performance (revenue decline and underperformance vs internal targets), Offshore ramp‑up costs and restructuring charges, and near‑term margin volatility driven by warranty, ramp and FX/cost pressures. Management has concrete recovery and simplification plans (Service recovery plan and Operating Model Reset) and set a constructive 2026 outlook (EUR 20–22 billion revenue; 6–8% EBIT margin), but execution risk remains in completing the Service recovery and the Offshore ramp. On balance, the highlights outweigh the lowlights given record scale, improved profitability and strong cash and capital allocation actions.Company Guidance
Record Revenue and Improved Profitability
Full-year 2025 revenue of EUR 18.8 billion, up 9% year‑on‑year; gross profit at an all‑time high of EUR 2.5 billion; EBIT margin before special items 5.7% (up 1.4 percentage points YoY); ROCE improved to 11.8%; EPS rose ~60% to EUR 0.8.
Strong Order Intake and Record Backlogs
Full‑year order intake of 16.3 GW and Q4 order intake of 6.5 GW (including an 828 MW Onshore Brazil order); Power Solutions order backlog a record EUR 33.2 billion (up EUR 1.6 billion YoY); Service order backlog EUR 38.7 billion (up from EUR 36.8 billion despite ~EUR 1.9 billion FX headwind); Vestas Development pipeline ~28 GW.
Service Business: Recovery Plan Progress and Scale
Service delivered EUR 626 million EBIT on revised guidance, completed first year of the Service recovery plan and achieved better operational discipline; assets under service increased to 161 GW (up ~2 GW since Q3); net contract assets ~EUR 1.168 billion (~3% of Service backlog).
Strong Cash Flow, Working Capital and Shareholder Returns
Q4 operating cash flow EUR 1.3 billion and adjusted free cash flow EUR 872 million; year‑end net cash position ~EUR 1.2 billion; net working capital improved to negative EUR 3.1 billion (improvement of ~EUR 830 million YoY); proposed dividend (DKK 0.74/share, ~EUR 100 million) and new EUR 150 million share buyback announced; updated capital policy to return at least 40% of net profit via dividend and buybacks.
Offshore & Manufacturing Ramp Progress
Power Solutions revenue momentum with Q4 revenue +7% YoY; ASP on new orders EUR 1.01 million/MW (stable vs prior quarter); manufacturing ramp‑up progressing with investments directed to tangible assets (transport equipment, tools) to support higher Offshore project execution in 2026.
Sustainability and Safety Achievements
2025 turbines expected to avoid a record ~463 million tonnes CO2 over lifetime; supplied 22,000 tonnes of low‑emission steel; TRIR stable at 2.7 with no fatalities and reduction in frequency of serious injuries.
Warranty and Quality Improvements Year‑on‑Year
Full‑year warranty costs reduced to 3.2% of revenue (down from ~6.4% in 2022); lost production factor (LPF) improved following completion of repairs, supporting quality recovery over coming quarters.
DE:VWSB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:VWSB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | €26.00 | €23.50 | -9.62% |
Nov 05, 2025 | €17.25 | €20.10 | +16.49% |
Aug 13, 2025 | €15.55 | €15.34 | -1.41% |
May 06, 2025 | €12.46 | €12.79 | +2.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vestas Wind Systems (DE:VWSB) report earnings?
Vestas Wind Systems (DE:VWSB) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Vestas Wind Systems (DE:VWSB) earnings time?
Vestas Wind Systems (DE:VWSB) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Vestas Wind Systems stock?
The P/E ratio of Vestas Wind Systems is N/A.
What is DE:VWSB EPS forecast?
DE:VWSB EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.