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Danish Bank: Vestas set for downturn in Q2

A good portion of Vestas' activities in 2018 will be entered later in the year, according to analysts from Danish bank Jyske Bank, which does not expect the most spectacular quarterly result from the wind turbine manufacturer.

Photo: Xcel Energy

Danish bank Jyske Bank is preparing itself for Vestas' forthcoming Q2 report by lowering its expectations.

"An early glance at the figures show that our expectations are lower than that of the general consensus, both in terms of revenue and net income. A good portion of Vestas' activities will enter the books later in the year, and Q2 will thus be yet another low-activity quarter. We therefore do not expect to see very impressive figures," writes Jyske Bank's Vestas analyst, Janne Vincint Kjær.

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