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    VWS   DK0061539921

VESTAS WIND SYSTEMS A/S

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Delayed Nasdaq Copenhagen  -  10:59 2022-06-24 am EDT
164.50 DKK   -2.16%
06/24VESTAS WIND SYSTEMS : Sell rating from JP Morgan
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06/15BP buys into Australian wind, solar, hydrogen mega-project
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06/14BP buys into Australian wind, solar, hydrogen mega-project
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Vestas Wind A/S : Wind turbine maker Vestas suspends 2020 outlook amid coronavirus

04/07/2020 | 06:11am EDT

Vestas, the world's largest maker of wind turbines, suspended its 2020 outlook on Tuesday as measures to curb the spread of the coronavirus disrupted its manufacturing, supply chain and installations at wind parks.

The suspension comes at a time when demand for renewable power has been growing in tandem with global efforts to combat climate change, and Vestas is currently facing its busiest period ever.

"Unfortunately, the pandemic continues to spread and with no clear prognosis on when key wind markets such as the USA, Brazil and India will recover, we are suspending our guidance due to the poor visibility for the remainder of the year," said Chief Executive Henrik Andersen in a statement.

However, Vestas said it was "still realistic" to achieve the outlook as preliminary numbers showed its first-quarter results were in line with its own expectations.

The company said its factories in China had returned to normal operations and that it could now use these plants to mitigate challenges at sites in other parts of the world "where restrictions and disruptions are now seen to an increasing degree."

Vestas told Reuters last week it had suspended production at its two Spanish plants and also paused manufacturing and construction in India due to the imposed nationwide lockdown.

Vestas said its proposed dividend for 2019 will not be affected. It is due to report final first-quarter earnings on May 5.

(Reporting by Stine Jacobsen; Editing by Edmund Blair, Kirsten Donovan)


© Reuters 2020
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Analyst Recommendations on VESTAS WIND SYSTEMS A/S
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Financials
Sales 2022 15 258 M 16 095 M 16 095 M
Net income 2022 -819 M -864 M -864 M
Net cash 2022 405 M 428 M 428 M
P/E ratio 2022 -27,9x
Yield 2022 0,07%
Capitalization 22 228 M 23 447 M 23 447 M
EV / Sales 2022 1,43x
EV / Sales 2023 1,31x
Nbr of Employees 29 274
Free-Float 99,5%
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Technical analysis trends VESTAS WIND SYSTEMS A/S
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 22,11 €
Average target price 27,09 €
Spread / Average Target 22,5%
EPS Revisions
Managers and Directors
Henrik Andersen President & Group Chief Executive Officer
Hans-Martin Smith Chief Financial Officer
Bert Åke Stefan Nordberg Chairman
Anders Nielsen Chief Technology Officer & EVP-Power Solutions
Tommy Rahbek Nielsen Chief Operating Officer