{"text":[[{"start":7.1,"text":"Vestas shares climbed more than 18 per cent after the world’s largest wind turbine manufacturer raised its profit guidance and announced a further share buyback as orders rose. "}],[{"start":18,"text":"In its second-quarter results, the Copenhagen-listed company said its wind turbine orders rose by more than €1bn compared with the same time in 2025, and raised its operating profit guidance for the full year. Vestas will also buy back €400mn of shares by the end of the year. "}],[{"start":36.4,"text":"The revival comes as the wind farms continue to be rapidly developed around the world and several governments and other buyers have raised the prices they are willing to pay for new projects. "}],[{"start":47.849999999999994,"text":"The buyback is the largest in a series announced over the past 18 months as the company recovers from a difficult period in the early 2020s due to high costs and supply-chain constraints. "}],[{"start":60.49999999999999,"text":"“We know the patience our shareholders had with us in 2022 especially and 2023. Now it’s the time to return that cash to our shareholders,” said Vestas chief executive Henrik Andersen. "}],[{"start":74,"text":"The company said new orders for its turbines had climbed from two gigawatts, or €2.2bn, during the second quarter of 2025, to 3.35 gigawatts, or €3.4bn, during the same period this year. Its total turbine order backlog now stands at 32.5GW, worth €36bn. "}],[{"start":95.25,"text":"Vestas posted an adjusted operating profit of €446mn for the second quarter, compared to just €57mn the year before, at a margin of 9.4 per cent. Andersen said it was “one of the best second quarters we’ve had”. The new full-year guidance puts the company close to its target of a 10 per cent operating margin."}],[{"start":115.45,"text":"All the orders in this quarter were for onshore turbines; the order book for offshore wind is typically less consistent as the projects are large and take a long time to develop. "}],[{"start":133.6,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1786531288_8207.mp3"}