Vestas Q1 revenue fell 5.2% to €2.68bn due to lower wind turbine deliveries and a 30% drop in firm orders.
Wind turbine maker Vestas reported a 5.2% drop in Q1 revenue to EUR 2.68bn, driven by a lower volume of wind turbine deliveries. The company experienced a Q1 operating loss and reported a 30% decrease in firm and unconditional wind turbine orders. Despite the quarterly loss, Vestas maintains its 2024 guidance with expected revenue between EUR 16-18bn.
May 02, 2024
3 Articles