Vestas Wind Systems A/S Unsponsored ADR (VWDRY)
Vestas wins 1.1 GW order in Scotland
Vestas has won an order for the 1.1 gigawatt (GW) Inch Cape Offshore Wind project in Scotland from Inch Cape Offshore Limited, an equal joint venture between ESB and Red Rock Renewables, the Danish wind turbine maker said on Friday.
Vestas to Cut Jobs at U.K. Factory
Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.
Vestas CFO to step down by end of 2024
Denmark's Vestas said on Wednesday its Chief Financial Officer Hans Martin Smith would step down by the end of this year, and that the company has begun looking for his replacement.
Vestas third-quarter operating profit lags expectation
Vestas , the world's largest maker of wind turbines, on Tuesday reported a lower-than-expected third-quarter operating profit and said it expects its operating profit margin this year at the lower end of its guided range.
Vestas Wind Systems Is No Longer Becalmed
The wind industry is coming out of a dark period and Vestas is well positioned to benefit from this. Vestas-Mitsubishi Heavy Industries relationship may be important for the expansion of Vestas offshore wind business. China has become a major player in wind power, but the rest of the world is interested to have a presence in the future of wind power.
Vestas Wind Systems: Growth With Expanding Margins
Vestas Wind Systems is poised for explosive growth with expected quadrupling of free cash flow by 2026, despite recent negative earnings. Key growth drivers include higher ASPs for new orders, promising offshore wind installations, and steady service revenue with high margins. Risks include inflation, supply chain issues, Chinese competition, and regulatory changes, but Vestas's trajectory suggests potential for sustained profitable growth.
Vestas Wind Systems A/S (VWDRY) Q2 2024 Earnings Call Transcript
Vestas Wind Systems A/S (OTCPK:VWDRY) Q2 2024 Earnings Conference Call August 14, 2024 4:00 AM ET Company Participants Henrik Andersen - CEO Hans Smith - CFO Conference Call Participants Ajay Patel - Goldman Sachs Kristian Tornøe - SEB William Mackie - Kepler Cheuvreux Daniel Haugland - ABG Casper Blom - Danske Bank Akash Gupta - JPMorgan Deepa Venkateswaran - Bernstein Colin Moody - RBC Capital Markets Sebastian Growe - BNP Paribas Vlad Sergievskiy - Barclays Claus Almer - Nordea Ben Heelan - Bank of America Sean McLoughlin - HSBC Henry Tarr - Berenberg Lucas Ferhani - Jefferies Henrik Andersen Good morning and welcome to our Full Presentation of our Q2 and also First Half Reporting for 2024. Clearly, you've seen it from Monday, the negative quarter for service, but also with a solid progress in most other areas.
Turbine maker Vestas says losses widened on writedowns
Vestas, the world's number one wind turbine maker, said on Wednesday that writedowns pushed it into a wider loss in the second quarter.
Wind turbine maker Vestas lowers profit margin outlook
Vestas , the world's largest maker of wind turbines, slightly lowered its full-year profit margin outlook, hit by higher costs in its service business, it said on Monday.
Vestas: Waiting For The Wind To Blow Offshore
Vestas is a major global wind turbine maker, installer (157 GW) and servicer (149 GW of service contracts), with business in 88 countries. Offshore wind projects in the US, Australia, Brazil are taking shape as the need is recognised for scale up of wind power to address the climate crisis. Oil & gas companies talk down offshore wind and BP exits offshore wind projects.
