Vestas disappointed in the second quarter this year compared to the same period in 2016.
While a setback was expected, the actual decline was greater than analysts had projected. Revenue dwindled 14 percent to EUR 2,206 million, which is EUR 200 million below expectations, while the result landed at EUR 247 million before taxes. The projected result has been EUR 315 million.
Already a subscriber? Log in.
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.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Danish Prime Minister spurns Chinese giants for green energy push in the North Sea
Although Chinese wind turbine manufacturers have gained a dominant position in the global market, they should not be involved in the tenfold increase of green energy capacity in the North Sea, according to several players.
NKT has several cards to play in case of expansion
The Danish cable maker is currently considering options for expanding production and how to finance such a push. It could come about through a divestment of its Photonics division.
European Energy: Danish government runs risk of doing major harm to PtX
In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.
Media: Power cable companies slapped with lawsuit in UK
British electricity consumers have launched a class-action lawsuit against three European cable producers, including NKT. The consumer allege that the companies have been inflating prices for a number of years.
Ørsted CEO warns of further price pressure in the North Sea
Mads Nipper lauds new deal and recommends keeping an eye on the price when coming auctions are drawn up.
Analytically strong coordinator for management support 
Team Manager 
Strategic project manager for the green transition 
Senior Risk Analyst 
We are looking for advisers who will help shape the green transition and develop the business area "Sustainable Energy" 
Consultant for our work with renewable energy on land 
Development-oriented engineer for the Hydrogen and Power-to-x area 
Project assistant 
Senior Market Director, Power Transmission 
Energy specialists - sales and consulting of heat pump solutions 
Pipeline Manager 
Senior Logistics Site Manager 
Production and Planning Lead