Wind turbine manufacturer Vestas generated over €5.3 billion in revenue during the third quarter. This represents approximately 40 billion Danish kroner. The company's revenue grew by 3% compared to the same period last year. Increased turbine deliveries drove this growth.
Vestas published its financial results on Wednesday morning. The Danish company earned €304 million in quarterly profit, equivalent to nearly 2.3 billion kroner.
Despite strong performance, Vestas narrowed its full-year sales expectations. The company now anticipates revenue between €18.5 and €19.5 billion. This compares to previous guidance of €18 to €20 billion.
Order intake grew by 4% during the quarter. Land-based wind turbine orders surged by 60%, driving much of this increase. The company continues to see strong demand for renewable energy solutions across global markets.
Vestas maintains its position as a leading wind energy provider worldwide. The narrowed forecast suggests the company faces some market uncertainties despite solid quarterly performance.