Vestas CEO: We are headed into a whole new market

In spite of Vestas making progress in almost all aspects of the third quarter interim report, one individual item declined by a billion euros. This is symbolic of a new era in the industry, says CEO Anders Runevad.
Photo: Joachim Ladefoged
Photo: Joachim Ladefoged

Once again Vestas has delivered a surprisingly positive quarterly report. While revenue grew 37 percent year-on-year to about EUR 2.9 billion, the result skyrocketed from EUR 279 million before taxes in the third quarter 2015 to a current EUR 411 million. This has resulted in an upgraded forecast for the full year in all key figures for the second consecutive quarter.

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