Vestas posts Q1 loss
- Admin
- May 2, 2024
- 1 min read
Vestas faced a decline in the first quarter of 2024, recording a loss and falling revenues compared to the previous year. EBIT before special items reached -€68 million, with a negative margin of -2.5%. Order intake decreased by 30% to 2300MW, and turbine deliveries also fell. However, CEO Henrik Andersen noted that Vestas' underlying performance improved, with a 30% increase in gross profit due to higher project profitability and service growth.
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