Vestas Reports Unexpected Profit Surpassing Analyst Predictions

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Vestas Reports Unexpected Profit Surpassing Analyst Predictions
Photo: Max Whittaker/AP/TT

Vestas revenue during the first quarter increased by 29 percent to 3.5 billion euro.

The company is simultaneously confirming its forecast for the year, which is expected to generate revenue of 18-20 billion euro with a profit margin of 4-7 percent.

Group CEO Henrik Andersen writes in a comment that Vestas continues to improve despite increased geopolitical uncertainty and global regionalization.

"Our order intake increased by more than 70 percent to 3.9 billion euro", he adds.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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