vestas wind systems as on wednesday confirmed preannounced earnings and said it wont pay a dividend after supplychain disruptions inflation provisions and impairments all hampered profitability in 2022 the danish windturbine maker had preannounced 2022 results with revenue of 1449 billion euros 1555 billion versus its previously guided eur145 billioneur155 billion with a negative earnings before interest and tax margin before special items of 80 versus the guided minus 5 the company previously said that project delays an impairment and provisions all weighed in the fourth quarter additional warranty provisions of eur210 million were booked in the fourth quarter related to repair and upgrade costs and a eur95 million impairment was booked due to challenged profitability and lower orders of its v174 turbine vestas reported fourth order intake of eur48 billion from eur25 billion while the total turbine and service order backlog rose to eur495 billion from eur459 billion service revenue is expected to grow by at least 5 in 2023 with a service ebit margin of around 22 the company said it still sees fullyear 2023 revenue at eur140 billioneur155 billion an ebit margin before special items of minus 2 to 3 with total investments of around eur1 billion