MHI Vestas presents "disappointing" order intake

The offshore wind OEM slides back markedly on its 2019 bottom line despite increasing revenue. This year will not be much better, MHI Vestas informs in its annual report.
Photo: PR MHI Vestas
Photo: PR MHI Vestas

For the second consecutive year, MHI Vestas booked a profit in 2019. However, the result shows a significant drop from 2018's bottom line result of EUR 26 million to only EUR 6 million last year, shows Vestas' annual financial statement from Wednesday.

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

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

Foto: Ge Renewable Energy

Ørsted sole offshore wind contender

For subscribers

EU Parliament can only pass or reject the Commission's delegated acts, outlining definition criteria for clean hydrogen. A group of parliamentarians motion for a rejection of the acts. | Foto: Frederick Florin/AFP/Ritzau Scanpix

Parliament obstructs EU hydrogen plans

For subscribers