Vestas CEO criticizes competitors for lack of discipline

”There are things happening that will hurt people,” states CEO Henrik Andersen and urges other producers to not undersell turbines. This also applies to offshore wind turbines, he notes.

BY MAZ PLECHINGER, TRANSLATED BY CHRISTOFFER ØSTERGAARD & DANIEL FRANK CHRISTENSEN

Vestas targets achieving an adjusted profit ratio of at least 10% by 2025. In a slightly sardonic tone, it could be said that this has already come to pass in Q1 of 2022 – except with an inauspicious minus sign in front of it.

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