Back to black: Vestas posts full-year profit after wind giant ends 2023 with a bang

Vestas returned to profitability in 2023 in a shot in the arm for the hard-pressed global wind power industry.

The Denmark-based turbine giant posted an Ebit margin before special items of 1.5% for last year, at the upper end of its forecast and reversing an 8% negative in 2022 when like all its other western wind OEM peers it was in the red.