Vestas suspends guidance for 2020 - For Now

Wind Industry Profile of

Since the outbreak of COVID-19, Vestas has taken measures to ensure the safety of its employees and reasonably mitigate the impact of the coronavirus pandemic on its operations. The spread of the virus globally and the national measures implemented to contain it have eventually, however, caused disruptions to Vestas’ manufacturing, supply chain, and installations.

Preliminary numbers indicate that the results for first quarter are in line with expectations. Furthermore, the total order intake for the quarter amounts to 3.3 GW. From the limited impact on this quarter seen in isolation, achieving the outlook for 2020 is still realistic. However, there is no longer adequate visibility for the rest of the year, and hence Vestas is at the moment not able to confidently give... ... More: Official Press Release Vestas

Keywords:

Vestas, guidance, pandemic, outlook, 2020, quarter, order, global, impact, operations