Vestas Raises Profit Outlook as Wind Turbine Orders Surge
The Danish wind-turbine maker expects a 7% to 9% profit margin as orders climb more than 50% in the first half.
26 Articles
26 Articles
berlingske.dk
Kristeligt DagbladOn Wednesday, Vestas shares rose 19.7 percent. This is the largest increase in a single trading day since 2012.
Wind turbine manufacturers were in a gloomy mood for years: high costs and falling demand led to losses. Until now: the Danish...
US President Trump's campaign and supply problems are increasing the wind turbine manufacturer Vestas. However, the Danes remain steadfast. The company reports surprisingly strong business and full order books for the spring.
The wind turbine manufacturer Vestas surprises with strong quarterly figures, the share shoots up by almost 20 percent. This industry-wide boost even notices market companions such as Siemens Energy and Nordex.
The Danish wind turbine manufacturer Vestas managed to multiply its net profit by eight in the second quarter and to raise its annual forecasts, according to its annual report published this Wednesday, August 12. The industrial company thus exceeded the expectations of the analysts.
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