Vestas returned to a small net profit in the first quarter of this year, but the Denmark-based global wind giant's recovery was subdued by a falling price for its turbines.

Revenue grew to €2.83bn ($3.10bn) in the first quarter of 2023, up from €2.49bn in the year-ago quarter, while earnings before interest, taxes, depreciation, and amortisation (Ebitda) reached €262m, compared to a negative Ebitda of €585m a year earlier.