Vestas beats Q1 profit estimates as order backlog hits record

11 articles · Updated · Bloomberg · May 6

The Danish turbine maker said its backlog rose to €36.3 billion, driven by strong UK offshore orders and broader onshore momentum.
Vestas maintained full-year earnings before interest and taxes margin guidance of 6% to 8% in a statement on Wednesday.
The results suggest demand for wind turbines is strengthening, supporting profitability as the company converts a record pipeline into future revenue.

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