Vestas Wind Systems A/S

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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Vestas Wind Systems A/S engages in the business of developing, manufacturing, selling, and maintaining wind power plants. It operates under the Power Solutions and Service segments. The Power Solutions segment focuses on onshore and offshore wind power plants, wind turbines, and development sites. The Service segment is involved in service contracts and spare parts. The company was founded by Smith Hansen and Peder Hansen in 1898 and is headquartered in Aarhus, Denmark.

Vestas Wind Systems A/S (OTCPK:VWDRY) Q3 2023 Earnings Conference Call November 8, 2023 4:00 AM ET Company Participants Henrik Andersen - Chief Executive Officer Hans Martin Smith - Chief Financial Officer Conference Call Participants Kristian Tornøe - SEB Ben Heelan - Bank of America Claus Almer - Nordea Sean McLoughlin - HSBC Ajay Patel - Goldman Sachs Henry Tarr - Berenberg Martin Wilkie - Citi Supriya Subramanian - UBS William Mackie - Kepler Cheuvreux Casper Blom - Danske Bank Deepa Venkateswaran - Bernstein Akash Gupta - JPMorgan Daniel Haugland - ABG Sundal Collier Klaus Kehl - Nykredit Sebastian Growe - BNP Paribas Henrik Andersen Good morning, everyone, and welcome to this Vestas Q3 presentation. And let me upfront just thank every stakeholder on this call, not least also our colleagues at Vestas, as this quarter marks Vestas' return to an operational profit for the year for the third quarter.

Vestas Wind Systems A/S (VWDRY) Q3 2023 Earnings Call Transcript

Vestas Wind Systems (ETR: VWS) stock price continued its downward trend as concerns about the wind industry continued. The shares dropped by more than 2% on Wednesday after the surprise earnings report by Orsted.

Vestas Wind Systems (VWS) stock forms a death cross ahead of earnings

It is a challenging time for investors in emerging technologies, but this also means opportunity. The wind turbine industry is challenged but not all players are equally affected. Siemens Energy is challenged by quality and pricing, while Vestas has largely avoided these problems. There are industry-wide issues concerning permitting and supply, although these are being addressed.

Opportunities For Vestas Wind Systems

Vestas Wind Systems is facing challenges in the wind power industry and its latest annual report shows negative financials and low profit margins. The company is struggling with cost increases and unprofitable contracts, leading to a decline in its share price. Analysts have mixed opinions on Vestas, with some predicting a recovery in profitability by 2025, while others remain cautious and recommend a hold on the stock.

Vestas Wind Systems: Doubt Regarding My 'Hold', But Choice Was Right

The world's leading turbine maker Vestas on Wednesday said it aims to turn a profit this year, despite a bigger than expected second quarter adjusted loss and its expectation supply chain disruptions would continue for the rest of 2023.

Vestas hopes to turn a profit this year despite Q2 loss

Vestas has partnered with Mangopay to further refine the payment solutions for its B2B renewable energy technologies marketplace, Covento.

Vestas Partners With Mangopay to Enhance Payment Solutions for Covento

Wind turbine maker Vestas on Tuesday emphasised the importance of quality control across its entire business after problems at rival Siemens Gamesa last week.

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Vestas Wind Systems (OTCPK:VWDRY) Q1 2023 Earnings Conference Call May 10, 2023 4:00 AM ET Company Participants Henrik Andersen - Group President and Chief Executive Officer Hans Martin Smith - EVP and Chief Financial Officer Conference Call Participants Kristian Tornøe - SEB Akash Gupta - J.P. Morgan Benjamin Heelan - Bank of America Supriya Subramanian - UBS Claus Almer - Nordea Henry Tarr - Berenberg Martin Wilkie - Citi Dan Togo Jensen - Carnegie Investment Bank William Mackey - Kepler Cheuvreux Sean McLoughlin - HSBC Casper Blom - Danske Bank Henrik Andersen Good morning, and welcome to Vestas' Presentation of first quarter of 2023.

Vestas Wind Systems A/S (VWDRY) Q1 2023 Earnings Call Transcript

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Vestas, Danish researchers, Stena Recycling and Olin Epoxy solve a major problem for recycling wind turbines. The process breaks down Epoxy materials to their components, allowing old turbines to be recycled. The process is simple and scalable for immediate adoption.

Vestas: Breakthrough On Turbine Recycling And Japanese Offshore Developments

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Vestas Wind Systems A/S (OTCPK:VWDRY) Full Year 2022 Earnings Conference Call February 8, 2023 4:00 AM ET Company Participants Henrik Andersen – Group President and Chief Executive Officer Hans Martin Smith – Executive Vice President and Chief Financial Officer Conference Call Participants Ajay Patel – Goldman Sachs Casper Blom – Danske Bank Claus Almer – Nordea Deepa Venkateswaran – AB Bernstein Gael de-Bray – Deutsche Bank Akash Gupta – J.P. Morgan Kristian Johansen – SEB Mark Freshney – Credit Suisse Henrik Andersen Good morning again to everyone following our announcements on the 27th of January 2023.

Vestas Wind Systems A/S (VWDRY) Full Year 2022 Earnings Call Transcript

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Vestas has a laser-like focus on growing its business and, while it has recently upgraded the size of its key offshore turbine, its major focus is on growing its portfolio. There are many other companies entering a major expansion of the wind industry (especially offshore).

Vestas Wind Systems: Turbines Are Big Enough, Now Time To Scale Up Production

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News for Vestas Wind Systems A/S Stock (VWDRY)