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.

by MAZ PLECHINGER

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.

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