Vestas Wind Systems AS

VWS: XCSE (DNK)
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Vestas Earnings: Strong Onshore Execution Supports Margin Expansion

Vestas reported third-quarter adjusted operating profit of EUR 416 million, up 77% year over year and ahead of the company-compiled consensus of EUR 305 million. Management narrowed its full-year EBIT margin guidance to 5%–6% from 4%–7% and announced a EUR 150 million share buyback.

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