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Vestas Beats Profit, Revenue Views After Record Order Intake

By Christian Moess Laursen


Vestas Wind Systems beat market expectations as it swung to a full-year pretax profit, boosted by a strong order intake, and said it sees higher revenue in 2024.

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Wind Giant Vestas Slumps as Earnings Slide on Surging Costs

By William Mathis (Bloomberg) — Vestas Wind Systems A/S tumbled in Copenhagen trading after a drop in profit prompted the company to slash its dividend. The world’s top supplier of wind. ....

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Wind Giant Vestas Shakes Up Management With Eyes on Americas - Governors' Wind Energy Coalition


Governors Wind Energy Coalition
Wind Giant Vestas Shakes Up Management With Eyes on Americas
Source: By Will Mathis, Bloomberg • Posted: Wednesday, June 2, 2021
(Bloomberg) Vestas Wind Systems A/S appointed a new chief sales officer in a broader overhaul as it battles with General Electric Co. for the top spot in the global wind industry.
Vestas has traditionally been the top manufacturer of wind turbines, a technology expected to drive the green revolution for decades to come, but BloombergNEF now has the U.S. company down as the biggest seller.
Javier Rodriguez Diez will move to the top sales job from his current role as the head of the company’s Mediterranean division, replacing Juan Araluce, Vestas said in a statement on Wednesday. The Danish firm is also establishing a Latin America unit, headed by Eduardo Ricotta Torres Costa to bolster regional sales. ....

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Top Wind Turbine Maker Plans to Raise Prices


Top Wind Turbine Maker Plans to Raise Prices
May 06 2021, 11:24 AM
May 05 2021, 3:02 PM
May 06 2021, 11:24 AM
(Bloomberg) One of the world’s biggest wind turbine makers Vestas Wind Systems A/S will hike its prices as the costs of steel and transportation increase amid a global commodities boom that’s contributing to a rising risk of inflation.
(Bloomberg) One of the world’s biggest wind turbine makers Vestas Wind Systems A/S will hike its prices as the costs of steel and transportation increase amid a global commodities boom that’s contributing to a rising risk of inflation.
It’s an early sign that the surge in commodities prices and disruptions in supply chains could interrupt a trend of perpetually falling costs for green energy. ....

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