Vestas boss expects continued declining price

The average price for a 1 MW Vestas turbine continues to be very low despite a minimal improvement in the first quarter. But price is more than just a price, says CEO Anders Runevad.

Good news was not immediately apparent in the 2018 quarterly report from Vestas. Compared with the same quarter one year before, revenue declined by 10 percent to DKK 12.6 billion (EUR 938.7 million), while the result before tax shrunk by 36 percent to DKK 1.02 billion, and the profit margin went from 11.2 to 7.5 percent. The average sales price (ASP) for new orders remains very low at DKK 5.51 million / MW.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading


See all jobs