Vestas Wind Systems AS

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Vestas Earnings: Offshore Ramp-Up Supports Profitability While Service Disappoints

Vestas reported first-quarter group EBIT of EUR 127 million, well ahead of company-compiled consensus. Power solutions was the main contributor, returning to profitability in a seasonally weaker quarter for the first time since 2018, as offshore wind ramped up. Full-year guidance was confirmed.

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