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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems    VWS   DK0010268606

VESTAS WIND SYSTEMS

(VWS)
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Delayed Quote. Delayed NASDAQ OMX COPENHAGEN - 10/22 11:09:59 am
536.6 DKK   -0.45%
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Vestas Wind : cuts jobs in Denmark on low European demand

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08/29/2019 | 04:36am EDT

(Reuters) - Danish wind turbine maker Vestas will dismiss about 90 employees on its Danish factory in Ringkobing, the company said on Thursday, citing a downturn in demand for wind turbines in the European market.

"To accommodate the current dive in demand on the European market and maintain our competitiveness, we have to scale down production of nacelles and hubs for the 4 MW platform in Ringkobing," the company said.

The company currently has about 530 employees at the factory.

(Reporting by Nikolaj Skydsgaard and Andreas Mortensen; Editing by David Goodman)

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Financials (EUR)
Sales 2019 11 697 M
EBIT 2019 986 M
Net income 2019 734 M
Finance 2019 2 759 M
Yield 2019 1,54%
P/E ratio 2019 19,5x
P/E ratio 2020 15,6x
EV / Sales2019 0,98x
EV / Sales2020 0,87x
Capitalization 14 190 M
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Technical analysis trends VESTAS WIND SYSTEMS
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 81,56  €
Last Close Price 71,76  €
Spread / Highest target 31,0%
Spread / Average Target 13,7%
Spread / Lowest Target -17,0%
EPS Revisions
Managers
NameTitle
Henrik Andersen President & Group Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Jean-Marc Lechêne Chief Operating Officer & Executive Vice President
Marika Fredriksson Chief Financial Officer & Executive Vice President
Anders Jakob Vedel Chief Technology Officer & Executive VP
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