Vestas Wind Systems (VWS) Stock Jumps 19% After Q2 Profit Beat and Margin Upgrade

TLDR

• Vestas stock surged nearly 19% on Wednesday, its biggest jump since July 2022
• Q2 adjusted EBIT of €446 million smashed the €205 million consensus by 117%
• Full-year EBIT margin guidance raised to 7-9%, up from 6-8%
• A new €400 million share buyback was announced alongside results
• Total turbine orders rose more than 50% in H1, with the delivery backlog at €36 billion

Vestas Wind Systems (VWS) stock surged nearly 19% on Wednesday, hitting its highest level since December 2023, after the Danish wind turbine maker delivered a second-quarter profit that crushed analyst expectations by a wide margin.

Vestas Wind Systems A/S, VWSYF

The stock opened sharply higher after Vestas reported adjusted EBIT of €446 million for Q2, compared to the €205 million consensus estimate. That is a beat of roughly 117%, and it cleared even the most optimistic end of the forecast range.

Revenue came in at €4.72 billion, around 4% above the €4.54 billion consensus. Gross profit of €801 million also topped the €664 million upper end of analyst forecasts.

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