Vestas Wind Systems A/S Unsponsored ADR (VWDRY)
Wind turbine maker Vestas swings to operating profit
Wind turbine maker Vestas on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty.
Vestas Wind Systems A/S (VWDRY) Q4 2024 Earnings Call Transcript
Vestas Wind Systems A/S (OTCPK:VWDRY) Q4 2024 Earnings Conference Call February 5, 2025 4:00 AM ET Company Participants Henrik Andersen - CEO Rasmus Gram - CFO Conference Call Participants Claus Almer - Nordea Akash Gupta - JPMorgan Kristian Tornoe - SEB Dan Togo Jensen - Carnegie Casper Blom - Danske Bank Supriya Subramanian - UBS Ajay Patel - Goldman Sachs Martin Wilkie - Citi Deepa Venkateswaran - Bernstein William Mackie - Kepler Cheuvreux Colin Moody - RBC Capital Markets Henrik Andersen Good morning to everyone and welcome to our presentation of Full Year 2024. And let me, before we go further, just extend a heartfelt thank you to our partners, our customers, shareholders and not least outstanding colleagues for a very strong end 2024 and a very strong execution also of a very successful Q4 in 2024.
Vestas is ‘well positioned' amid tariff concerns, CEO says
Vestas CEO Henrik Andersen discusses the wind turbine manufacturer's latest earnings and the potential impact of U.S. tariffs.
Vestas CEO says Trump's climate retreat has been overblown
Vestas CEO Henrik Andersen discusses the prospect of tariffs on EU goods entering the U.S., the current regulatory and macroeconomic backdrop, and U.S. President Donald Trump's climate retreat.
Vestas appoints Jakob Wegge-Larsen as new CFO
Denmark's Vestas said on Wednesday it had appointed Jakob Wegge-Larsen as its new chief financial officer, adding he will start the position in the second quarter of this year.
Russia's Rosatom launches wind turbine blade factory replacing Vestas plant
Russia's state nuclear corporation Rosatom launched a wind turbine blade factory at the location of a plant formerly owned by Denmark's Vestas , the governor of Russia's Ulyanovsk region said on his Telegram channel.
Vestas Shares At Multi-Year Lows While Headwinds Shift To Tailwinds - Trading Buy Update
Vestas has faced significant challenges, including declining margins and negative impacts from COVID and high interest rates, but it is showing signs of recovery. 2025 is expected to be a strong year with revenue growth in the low-double digits and improved EBIT margins due to better pricing, higher volumes, and improved mix. Record order backlogs and strong offshore orders indicate robust future performance, despite potential policy changes under the Trump administration.
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.
