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Analyst: India won't impact Vestas like Siemens Gamesa

The standstill on the Indian market will not impact Vestas as hard as its rival Siemens Gamesa, the current market leader. Vestas does not have much of a presence on the market.

Photo: PR, Gamesa

Tuesday, wind turbine manufacturer Siemens Gamesa published a report for the third quarter where revenue fell by EUR 3.15 billion to EUR 2.69 billion. However this has not prompted concerns about Vestas' upcoming report, says Jacob Pedersen, chief share analyst at Sydbank.

"I am confident in terms of the picture which has emerged over a period where Vestas has given competitors a run for their money with new products and a strong concept."

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