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.

by MAZ PLECHINGER

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.

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