Vestas has reported solid revenue growth for the second quarter of 2025 and confirmed its full-year guidance – despite political uncertainties and challenges in the offshore segment. At the same time, an experienced industry expert will succeed the long-serving Chief Technology Officer to drive the ongoing production ramp-up.
The Danish wind turbine manufacturer has increased both revenue and margins but continues to face pressure due to high investments in offshore and a decline in order intake. Felix Henseler, a recognized industrial expert, will take over responsibility for the technology division. The focus going forward is on efficiency, scalability, and strengthening the global production network.
Revenue Growth Despite Headwinds: Vestas Posts Double-Digit Increase and Confirms Guidance
In Q2 2025, Vestas generated revenue of €3.745 billion – a 13.6% increase compared to the previous year (Q2 2024: €3.296 billion). EBIT also improved significantly, reaching €57 million (Q2 2024: –€185 million). The EBIT margin before special items stood at 1.5%, a notable improvement from –5.6% a year earlier. Net profit came in at €34 million, compared to a loss of –€156 million in Q2 2024. Earnings per share rose to €0.8, up from €0.0 in the same quarter last year. CEO Henrik Andersen stated that the company remains well positioned despite ongoing challenges and is on track to meet its 2025 targets.
The onshore segment performed particularly well, benefiting from improved project execution and lower warranty provisions. The offshore business, however, weighed on earnings. According to Vestas, key cost factors include investments in the delivery of the first V236-15.0 MW projects and in building a long-term offshore strategy. Adjusted free cash flow fell to –€227 million, down from €524 million in Q2 2024.
Order intake for wind turbines reached 2,009 MW – a 44% year-over-year decline. Vestas attributes this partly to political uncertainty, particularly in the United States. Nevertheless, the combined order backlog for turbines and services grew to €67.3 billion, an increase of €4.3 billion compared to the previous year.
The full-year guidance remains unchanged: Vestas continues to expect revenue between €18 and €20 billion, with an EBIT margin of 4–7%. Capital expenditures are expected to total around €1.2 billion.
Leadership Change in Technology and Operations: Felix Henseler Appointed CTOO
Vestas also announced that Felix Henseler will take over as Chief Technology and Operations Officer (CTOO) effective September 1, 2025. He succeeds Anders Nielsen, who will step down from his operational role at the end of the year. Nielsen played a key role in Vestas’ industrial transformation over the past six years and hands over what he calls “a profitable Power Solutions segment.”
Previously CEO of ZF Wind Power, Henseler brings deep experience in engineering and industrial scaling. As the new CTOO, he will focus on accelerating onshore and offshore production ramp-ups and reinforcing Vestas’ industrial foundation. He emphasized the importance of efficiency and competitiveness amid global challenges: “Our ability to become even more efficient, competitive and scalable will be decisive to ensure affordable, secure and sustainable energy across the globe.”
CEO Henrik Andersen highlighted the strategic importance of the leadership change: “I’m pleased to welcome Felix as Anders’ successor as he brings a wealth of industrial experience and wind energy insights to the role”.
The integration of technology and manufacturing under the umbrella of Vestas Technology and Operations, launched last year, will be further solidified with this transition. The goal is to consistently implement the end-to-end approach to wind energy solutions.
Outlook: Vestas Positioned for Sustainable Growth
With stable revenue growth, improved profitability, and a growing order book, Vestas remains resilient despite a challenging market environment. The upcoming CTOO transition is expected to boost both innovation and industrial strength.
