EnergyWatch

Vestas CFO: Price situation stems from multiple factors

"The most important thing is how we remedy all of these factors and what we bring to the table in terms of profitability," says the Vestas CFO.

Photo: Wingas

The competition pressure continues to intensify and many factors are affecting the overall price scenario, says Vestas CFO Marika Fredriksson in an interview with Ritzau Finans following the release of the wind turbine manufacturer's 2017 report.

"We're seeing intensified competition and a clear downward pressure in market prices," says Fredriksson, noting that the price development is affected by many factors including number of orders, currency exchange rates, technology improvements and geography.

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