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Vestas Wind Systems (GB:0NMK)
LSE:0NMK
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.52Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -3.84%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlights a strong performance in 2024, with record revenue and order intake, alongside significant financial improvements. However, challenges persist in the offshore segment, service business, and safety. The outlook for 2025 remains positive, with expectations of continued growth and improved margins.Company Guidance
During the call, Vestas reported strong financial results for fiscal year 2024, achieving a revenue of EUR 17.3 billion and an EBIT margin of 4.3%, which was within their guided range. The company recorded a service EBIT of EUR 448 million despite facing challenges due to rising costs, but a recovery plan is underway. Vestas had a record order intake of 17 gigawatts, valued at EUR 19 billion, with a robust presence in both onshore and offshore markets. The company proposed a dividend of DKK 0.55 per share and announced a share buyback of EUR 100 million. For 2025, Vestas expects revenue between EUR 18 billion and EUR 20 billion, with an EBIT margin before special items ranging from 4% to 7%. The service business is targeted to generate an EBIT of around EUR 700 million. Vestas also highlighted their commitment to sustainability, noting a 59 million tonne increase in lifetime emissions avoided, despite not meeting their 2025 target for Scope 1 and 2 carbon emissions. The company remains focused on strategic priorities including onshore, offshore, and service, aiming for long-term growth and improvements in operational efficiency and quality.Record Order Intake and Revenue Growth
Vestas ended 2024 with a revenue of EUR 17.3 billion, marking a 12% year-on-year increase. The order intake reached a record 17 gigawatts, valued at EUR 19 billion.
Strong Q4 Performance
Q4 2024 was the best quarter since 2017, with revenue increasing by 29% year-on-year and an EBIT margin of 12.4%.
Service Business Expansion
Service order backlog grew to nearly EUR 37 billion by the end of 2024, up from EUR 34 billion in 2023, with the service business reaching 155 gigawatts compared to 149 gigawatts the previous year.
Improved Financial Metrics
Return on capital employed improved to 8%, a more than 5 percentage point increase from last year, and adjusted free cash flow for 2024 was EUR 1.1 billion, compared to negative the previous year.
Positive Outlook for 2025
Revenue is expected to be between EUR 18 billion to EUR 20 billion in 2025, with an EBIT margin before special items in the range of 4% to 7%.
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GB:0NMK 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
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GB:0NMK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | kr99.06 | kr105.81 | +6.81% |
| Nov 05, 2024 | kr135.92 | kr121.90 | -10.31% |
| Aug 14, 2024 | kr157.57 | kr157.48 | -0.06% |
| May 02, 2024 | kr187.45 | kr179.21 | -4.40% |
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.
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FAQ
When does Vestas Wind Systems (GB:0NMK) report earnings?
Vestas Wind Systems (GB:0NMK) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Vestas Wind Systems (GB:0NMK) earnings time?
Vestas Wind Systems (GB:0NMK) earnings time is at May 06, 2025, TBA Not 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 GB:0NMK EPS forecast?
GB:0NMK EPS forecast for the fiscal quarter 2025 (Q1) is -0.19.
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