Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

VESTAS WIND SYSTEMS A/S

(VWS)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/25 03:34:00 am
1451.5 DKK   -0.79%
01/22VESTAS WIND SYSTEMS : UBS sticks Neutral
MD
01/21EUROPE : European stocks run out of steam after ECB; energy shares weigh
RE
01/15VESTAS WIND SYSTEMS : Morgan Stanley reaffirms its Neutral rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Vestas Wind A/S : Backs Guidance As 3Q Profit Beats Expectations

11/04/2020 | 03:23am EST

By Dominic Chopping

Vestas Wind Systems AS on Wednesday backed its full-year guidance after posting a smaller-than-expected drop in third-quarter net profit.

The Danish wind-turbine maker posted a net profit attributable to shareholders of 284 million euros ($332 million), from EUR306 million a year earlier, beating an analyst consensus of a EUR268 million profit according to a FactSet poll.

Revenue rose 31% to EUR4.77 billion compared with the consensus view of EUR4.05 billion, driven by a higher volume of wind turbine deliveries in the U.S.

Order intake fell to EUR3.1 billion from EUR3.5 billion, while the total turbine and service order backlog rose to EUR33.9 billion from EUR32.8 billion.

"Vestas achieved its highest ever deliveries in a single quarter...although the widespread impact of Covid-19 continued in the third quarter," Chief Executive Henrik Andersen said.

"The demand for wind energy remained strong in the quarter, even though green stimulus packages are yet to materialise."

Earnings took a hit from warranty provisions of EUR146 million in the third quarter, as well as logistical challenges and supply-chain bottlenecks, amplified by the Covid-19 situation, it said.

Vestas backed its full-year guidance, expecting full-year revenue at EUR14 billion-EUR15 billion with an earnings before interest and tax margin before special items of 5%-7%.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-04-20 0322ET

All news about VESTAS WIND SYSTEMS A/S
01/22VESTAS WIND SYSTEMS : UBS sticks Neutral
MD
01/21EUROPE : European stocks run out of steam after ECB; energy shares weigh
RE
01/15VESTAS WIND SYSTEMS : Morgan Stanley reaffirms its Neutral rating
MD
01/14VESTAS WIND A/S : Cuts 220 Jobs Amid Integration of MHI Offshore Wind
DJ
01/14VESTAS WIND A/S : Wind turbine maker Vestas to cut 220 jobs in Denmark and UK
RE
01/14VESTAS WIND A/S : takes next steps in integration of onshore and offshore wind o..
AQ
01/13EXCLUSIVE : Siemens spin-offs tap hydrogen boom in wind alliance
RE
01/12VESTAS WIND SYSTEMS : JP Morgan reiterates its Sell rating
MD
01/12VESTAS WIND SYSTEMS : Deutsche Bank gives a Buy rating
MD
01/08VESTAS WIND SYSTEMS : JP Morgan keeps a Sell rating
MD
More news
Financials
Sales 2020 14 786 M 18 002 M 18 002 M
Net income 2020 567 M 690 M 690 M
Net cash 2020 2 431 M 2 960 M 2 960 M
P/E ratio 2020 68,4x
Yield 2020 0,50%
Capitalization 39 462 M 48 094 M 48 044 M
EV / Sales 2020 2,50x
EV / Sales 2021 2,24x
Nbr of Employees 25 828
Free-Float 99,4%
Chart VESTAS WIND SYSTEMS A/S
Duration : Period :
Vestas Wind Systems A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VESTAS WIND SYSTEMS A/S
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 157,72 €
Last Close Price 196,45 €
Spread / Highest target 26,6%
Spread / Average Target -19,7%
Spread / Lowest Target -63,1%
EPS Revisions
Managers and Directors
NameTitle
Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President