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The Max Noble Integrity Score · the report5 February 2026

Max Noble

Vestas

Henrik Andersen promised EUR 18–20bn; 4–7%. Now it is EUR 18.8bn; 5.7%.

🇩🇰 Denmark · Wind turbinesVestas100IntegrityHAHenrik AndersenGroup President & CEO, 2019–, VestasPromisedsales and profit margin in 2025EUR 18–20bn; 4–7%5 February 2025
He promised

EUR 18–20bn in sales with a 4–7% margin.

Henrik Andersen, Group President & CEO, 2019–, on 5 February 2025.

He got

EUR 18.8bn in sales and a 5.7% margin.

Stamp: Kept.

Why, says the company

Record sales, and profit in the upper end of the range.

How bad

Nothing: the promise was met. Score 100 → 105.

In the company’s own words

Not needed: target met. Vestas said it achieved its highest ever revenue, with profitability in the upper end of its outlook.

The sources

Will Vestas deliver EUR 20–22bn revenue and a 7–9% margin in 2026? Make your call in the CEO Game →