Vestas Wind Systems, a leading player in the wind turbine manufacturing industry, has experienced significant improvement in its operating margins and profitability in fiscal 2023. This surge is primarily attributed to the rising demand for wind power plants, leading to higher prices and increased revenue. The company’s positive performance is expected to continue in fiscal 2024, driven by record-high order intake and a strong backlog. However, Vestas faces several risks, including macroeconomic challenges such as high interest rates and intensifying competition from Chinese companies.