Vestas reports stable prices but downgrades forecast

The price squeeze has stabilized, although at the same, low level seen in recent quarters, says Vestas. That, taken together with uncertainty regarding trade tariffs, has now prompted Vestas to downgrade its forecast for the whole year.

Photo: Frank Boutrup Schmidt/Vestas

Vestas is seeing a price stabilization on the many wind turbines the manufacturer add to market. However, prices are at a lower level now than previously, and the trade war is causing more uncertainty.

That is the gist of Vestas' H1 interim report, which has made precise adjustments for its forecast for revenue in 2018 at between EUR 10.0 billion and EUR 10.5 billion. Vestas' previous expectations were between EUR 10.0 billion and EUR 11.0 billion.

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