On February 5, Vestas released its 2025 Annual Report, with multiple core metrics reaching all-time highs. Meanwhile, CEO Henrik Andersen indicated that Vestas will continue to advance organizational optimization and workforce reduction initiatives.
Report data indicates that as of December 31, 2025, Vestas achieved annual revenue of €18.8 billion, representing a 9% year-on-year increase; net profit reached €780 million, surging 55% compared to the previous year.
Delivery performance was equally impressive, with the company delivering a total of 14,537 MW of wind turbines through its onshore and offshore wind platforms in 2025, marking a 12.7% increase from 2024. Offshore turbine deliveries rose to 1,977 MW. However, turbine prices declined, with the average selling price per megawatt falling to €1.07 million, down from €1.14 million in 2024.
Regarding order backlog, Vestas achieved a record-breaking order value of €71.9 billion for 2025. The service division made a significant contribution, dominating with €38.7 billion. The Power Solutions segment, which handles wind turbine sales, recorded a total order backlog of 31,026 MW, valued at €33.2 billion. The offshore wind turbine order backlog reached €10.1 billion, accounting for over 30% of the total offshore wind turbine orders.
The annual report also noted that in 2026, Vestas will continue to advance efficiency improvement initiatives, specifically covering process optimization, organizational restructuring, reducing communication time with customers, and strengthening leadership oversight.
Vestas CEO Henrik Anderson
During the investor conference call held that day, CEO Henrik Andersen stated that over the past year or two, customers had frequently reported issues with Vestas' complex processes and inefficient communication.
To address this pain point, Vestas initiated organizational streamlining in 2025, reducing approximately 900 office positions globally in November. Henrik Andersen emphasized that organizational optimization and workforce reduction are not one-off short-term measures: "This optimization cannot be a short-term project-based initiative; it must become part of Vestas' core DNA. Our simplification journey is far from complete—it has only just begun and barely scratched the surface. Over the coming quarters and years, you will hear more about our progress."
It is reported that a year before announcing its layoff plan in November 2025, Vestas' total workforce had surged by more than 3,500 employees. Following the reduction of 900 positions, Vestas' global workforce remains above 35,000 employees.
