The quarterly intake of firm and unconditional wind turbine orders reached 4,504 MW, a 44% increase year-on-year.
In the first quarter of 2026, Vestas generated revenue of € 3,966 million, an increase of 14.4% compared to the same period last year. EBIT before special items amounted to € 127 million, resulting in an EBIT margin of 3.2%, compared to 0.4% in the first quarter of 2025. As of 31 March 2026, the value of the wind turbine order backlog stood at € 36.3 billion.
In addition, Vestas held service agreements with expected future contractual revenue of € 39.8 billion at the end of the quarter. The combined value of wind turbine orders and service agreements totalled € 76.1 billion, an increase of € 6.3 billion compared to the same period last year. The service segment recorded an EBIT margin of 16.3%.
In line with its capital structure strategy, the Board has decided to initiate a share buy-back programme of € 100 million to adjust the company’s capital structure and cover share-based incentive programmes.
The full-year guidance is maintained, with revenue expected between € 20 billion and € 22 billion, including service revenue. Vestas expects an EBIT margin before special items of 6–8% for the Group, while total investments are forecast at approximately € 1.2 billion in 2026.
