Latest news with #HenrikAndersen
Bloomberg
07-07-2025
- Business
- Bloomberg
Vestas CEO Says EU's Fragmented Policy Puts Wind Energy at Risk
The head of Vestas Wind Systems A/S, one of the world's largest wind turbine makers, has a blunt warning for Europe: adopt bolder industrial policy or risk watching business drift across the Atlantic and to other regions. As demand rises for cheap and reliable power, Vestas's Chief Executive Henrik Andersen said in an interview with Bloomberg News that the European Union's fragmented approach to industry jeopardizes the continent's quest to achieve energy independence and compete against other global manufacturers.
Bloomberg
08-05-2025
- Business
- Bloomberg
Stay Calm on US Policy says Vestas CEO
"Remain a bit calm, take some responsibility," says Vestas CEO Henrik Andersen. "Most of the energy policies in the US have been there for three decades," he adds. (Source: Bloomberg)
CNBC
06-05-2025
- Business
- CNBC
Europe is waking up to the need for a higher degree of energy independence, Vestas CEO says
Monday - Friday, 08:00 - 11:00 CET | 14:00 - 17:00 HK/SG Squawk Box Europe Podcast Vestas CEO Henrik Andersen discusses the outlook for Europe's wind power industry and the impact of U.S. President Donald Trump's tariff policy.
Reuters
06-05-2025
- Business
- Reuters
Wind turbine maker Vestas swings to operating profit
COPENHAGEN, May 6 (Reuters) - Wind turbine maker Vestas ( opens new tab on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty. The Danish company reported an operating profit before special items of 14 million euros ($15.8 million) against a year-earlier loss of 68 million. The mean forecast in a poll, opens new tab of analysts compiled by Vestas was for a 29 million euro loss. "Vestas' performance continued to improve, although new events contributed to further geopolitical uncertainty and regionalisation," its CEO Henrik Andersen said in a statement. The group maintained its outlook for full-year revenue of between 18 billion and 20 billion euros and an operating profit margin of 4-7%.
Reuters
05-02-2025
- Business
- Reuters
Wind turbine maker Vestas Q4 profit beats expectations
COPENHAGEN, Feb 5(Reuters) - Denmark's Vestas ( opens new tab, the world's biggest wind turbine maker, reported on Wednesday a higher-than-expected adjusted operating profit for the fourth quarter but warned of ongoing uncertainty for 2025. "Although ongoing geopolitical and trade volatility is expected to cause uncertainty, the execution of our record-high order backlog is expected to drive increased revenue in 2025," the company said in a statement. Operating profit before special items grew to 759 million euros ($788 million) from a year-earlier 191 million, against a mean forecast of 672 million in an analyst poll, opens new tab provided by Vestas. The company predicted a full-year 2025 operating profit margin before special items of 4-7% and revenue between 18 billion and 20 billion euros. In 2024, they stood at 4.3% and 17.30 billion euros, respectively. "The year didn't evolve as expected," CEO Henrik Andersen said in a statement, adding that Vestas' Service business had battled rising costs throughout 2024. "But with a record high value of the order intake, an all-time high order backlog and an extraordinary turnaround in Power Solutions, Vestas leaves 2024 stronger than we entered it," he said. The company proposed a dividend of 0.55 Danish crowns per share. ($1 = 0.9629 euros)
