For the year 2023, Vestas achieved revenue of EUR 15,382m (US$16.564million)(outlook: EUR 14.5-15.5bn), with an EBIT margin before special items of 1.5 per cent (outlook: 0-2 per cent), and total investments of EUR 823m (outlook: approx. EUR 0.8bn).
The value of the combined order backlog across Power Solutions and Service increased to EUR 60.1bn. The order intake in 2023 was 18.4 GW.
In 2024, revenue is expected to range between EUR 16bn and 18bn, including Service revenue. Vestas expects to achieve an EBIT margin before special items of 4-6 per cent, and total investments1 are expected to amount to approx. EUR 1.2bn in 2024. The Service segment is expected to generate EBIT before special items in 2024 in the range of EUR 800m to 880m.
