Vestas Wind Systems on Wednesday reported higher third-quarter profit and revenue, driven by improved project execution, and announced a new share buyback program.
The Danish wind-turbine maker said revenue for the quarter rose 3.1% to 5.34 billion euros from the same period a year earlier, while its operating profit margin before special items increased to 7.8% from 4.5%.
Citing a solid liquidity position, the company's board decided to initiate a new share buyback program of 150 million euros.
The move follows a 100 million euro buyback program that Vestas completed in March.
"Vestas had a strong third quarter of 2025 and achieved revenue of EUR 5.3bn and an EBIT margin of 7.8 percent," Group President & CEO Henrik Andersen said in a statement.
The company narrowed its full-year guidance, now expecting revenue of between 18.5 billion and 19.5 billion euros and an operating profit margin of 5% to 6%.
Previously, Vestas had forecast revenue of 18 billion to 20 billion euros with a margin between 4% and 7%.
The company's quarterly intake of firm wind turbine orders rose 4% to 4,606 megawatts, and its combined order backlog stood at 68.2 billion euros at the end of September.