Vestas Earnings Hit by Supply Chain Instability, Costs and Lower Deliveries
02 11월 2022 - 5:29PM
Dow Jones News
By Dominic Chopping
Vestas Wind Systems AS on Wednesday posted a
bigger-than-expected third-quarter net loss as supply chain
instability and cost inflation continued to weigh while delays to
project deliveries resulted in higher costs.
The Danish wind-turbine maker swung to a third-quarter net loss
of 147 million euros ($145.1 million), from a profit of EUR115
million a year earlier, as revenue fell 29% to EUR3.91 billion.
A company-compiled consensus had expected a net loss of EUR34
million on revenue of EUR4.54 billion.
Order intake fell to EUR2.0 billion from EUR3.0 billion, while
the total turbine and service order backlog rose to EUR50.9 billion
from EUR47.3 billion, the company said.
"Project development and order intake remain impeded by energy
market uncertainties and red tape," Chief Executive Henrik Andersen
said.
For 2022, Vestas now sees revenue of between EUR14.5 billion and
EUR15.5 billion from EUR14.5 billion-EUR16.0 billion.
The pre-items earnings before interest and tax margin is now
seen at around minus 5%, from minus 5% to 0%.
Service revenue is expected to grow by at least 20%, from at
least 10%, with a pre-items service EBIT margin of around 22% from
around 23%.
The company sees total investments of EUR850 million for the
year, having previously seen EUR1 billion.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 02, 2022 04:14 ET (08:14 GMT)
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