Vestas achieves profitability in Q1

Richard Heap

May 10, 2023

Turbine maker Vestas has reported an operating profit (EBITDA) of €262m in the first three months of 2023 on sales of €2.8bn.

This is an improvement on the €437m loss it made in the first three months of 2022, while the sales figure is up 14% year-on-year. However, the company warned that the business environment in 2023 would remain challenging due to geopolitical uncertainty, inflation and obstacles for projects including slow permitting processes.

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