On Wednesday, Vestas presented its quarterly financial statements for the second quarter. Here, there were again black figures on the bottom line after the company last year presented a loss for the period. Specifically, revenue ended at 3.7 billion euros and earnings before tax and interest ended for the quarter at 57 million euros. Analysts had expected the figures to be respectively four billion euros and 100 million euros. euros.
Still, Oskar Barner Bernhardtsen, Nordic investment strategist at Saxo Bank, approves the financial statements.
"In light of the news in recent weeks about the wind sector, approved. As a company, you are not beating the market's expectations, but despite the headwind from Trump and the negative news flow in the industry, Vestas is on the right track if you look at today's results in a slightly bigger picture," he writes in a comment on the financial statements.
Furthermore, Oskar Barner Bernhardtsen says:
"Historically, the 3rd and 4th quarters are the strongest quarters in terms of revenue and profitability, and since Vestas maintains its expectations for the full year, investors can expect that both higher revenue and profits will be delivered towards the end of the year."
Despite the fact that Vestas did not meet the market's expectations in the 2nd quarter, the full-year expectations for 2025. Vestas is thus expected to deliver a large part of its 2025 revenue and profit in the 3rd and 4th quarters.
"Today's result is a bit disappointing, but the maintained expectations can give hope to investors about Vestas' market situation despite the turmoil in the wind sector in the US," concludes Oskar Barner Bernhardtsen.
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