The Danish wind turbine group Vestas has closed the first half of 2026 with a net profit attributed of 362 million euros, almost ten times above the 37 million recorded in the same period of the previous fiscal year. With these figures, the Scandinavian company has decided to raise its forecasts for the whole year and has also announced a new share buyback program for a maximum amount of 400 million euros.
In the first six months of the year, Vestas' revenue has reached 8.689 billion euros, which implies a year-on-year increase of 20.5%. At the same time, the entry of new orders has accelerated by 41%, reaching 8.600 billion euros.
As a consequence of this strong commercial dynamism, the multinational's order book of wind turbines amounted to 36 billion euros, compared to the 31.4 billion recorded a year earlier.
If we analyze only the second quarter, from April to June, the net profit attributed has risen to 280 million euros, compared to the earnings of 32 million in the same period of 2025. In that interval, revenues advanced by 26%, to 4.723 billion euros.
For the whole of 2026, Vestas maintains its revenue forecast in a range of between 20 billion and 22 billion euros. However, it has improved its estimate of Ebit margin before extraordinary items, which it now places between 7% and 9%, compared to the previous range of 6% to 8%. The company keeps its investment forecast unchanged, which will remain around 1.2 billion euros.
"The demand for wind energy solutions remains strong due to the growing need for safe, affordable, and sustainable energy," commented the president and CEO of the group, Henrik Andersen.
In parallel, the board of directors of Vestas has approved the launch of a new share buyback program for a maximum of 3 billion Danish crowns (about 400 million euros).
According to the company, this buyback plan will be developed from August 13 and, at the latest, until December 16, 2026, with the aim of optimizing Vestas' capital structure and addressing the commitments arising from its stock-based incentive programs.
After the dissemination of the semiannual results, Vestas' shares rose by up to 19.94% on the Copenhagen Stock Exchange.