Vestas’ 2022 revenue amounted to EUR 14,486m (outlook: EUR 14.5-15.5bn), with an EBIT margin before special items of minus 8 percent (outlook: approximately minus 5 percent), and total investments1 of EUR 758m (outlook: approx. EUR 850m).
The value of the combined order backlog increased to EUR 49.5bn across Power Solutions and Service. As announced on 27 January 2023, Vestas’ outlook for 2023 is as follows: Revenue is expected to range between EUR 14.0bn and 15.5bn, including Service revenue. Vestas expects to achieve an EBIT margin before special items of minus 2-3 percent, and total investments are expected to amount to approx. EUR 1bn in 2023. In addition to what has already been communicated, revenue in the Service segment is expected to grow by min. 5 percent in 2023, with a service EBIT margin of approx. 22 percent. The Board of Directors of Vestas Wind Systems proposes to the Annual General Meeting that no dividend payment will be distributed to the shareholders in 2023.
