In 2024, KK Wind Solutions exceeded expectations, delivering strong commercial performance across its product and service business.
Revenue increased by 40% to DKK 7.7 billion. The company’s core business remained solid, generating cash flow from operating activities of DKK 363 million and free cash flow of DKK 275 million. However, profitability was temporarily affected by integration and restructuring costs from recent acquisitions.
The acquisitions of the Converters and Controls business from Vestas Wind Systems and Nissens Cooling Solutions have been key to the company’s strategic growth. These are expected to yield long-term benefits, with normalised EBITDA increasing by 26% from DKK 500 million in 2023 to DKK 632 million in 2024 when adjusted for integration costs.
Looking ahead to 2025, KK Wind Solutions expects limited organic growth but improved profitability. This will be driven by synergies from acquisitions, process efficiencies, and procurement savings from increased scale. Revenue is forecasted to be between DKK 7.5 and 7.9 billion, with an EBITDA margin of 7-9% and a normalised EBITDA margin of 8-10%. Total investments are expected to be approximately DKK 200-300 million.
