Tough competition pushes Vestas back in Q1

The Danish wind turbine manufacturer saw both revenue and profits decline after a quarter with tough competition. The company has announced a record-large order book, even though the order intake was disappointing during the quarter.
Photo: /ritzau/Carsten Ingemann
Photo: /ritzau/Carsten Ingemann

Vestas was not able to live up to analyst expectations in the first quarter, where both revenue and profits took a significant dive.

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

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