Analysts see “considerably better times ahead for Vestas” after the wind turbine manufacturer reported a return to annual profits, better than expected revenues and rising orders last year, as well as a less conservative guidance for this year.

The Denmark-based OEM Wednesday had posted a net profit of €78m ($84m) for 2023, compared to a net loss of €1.57bn in 2022, while its revenue rose to €15.38bn