Vestas suspends guidance for 2020

7/4/20: Vestas suspended previously-issued guidance. In a statement shared on the company said,

"Preliminary numbers indicate that the results for first quarter are in line with expectations. Furthermore, the total order intake for the quarter amounts to 3.3 GW. From the limited impact on this quarter seen in isolation, achieving the outlook for 2020 is still realistic. However, there is no longer adequate visibility for the rest of the year, and hence Vestas is at the moment not able to confidently give guidance on Vestas’ full-year performance.

"Due to this uncertainty, especially in regard to the duration of the pandemic and the full extent of the consequences thereof globally, Vestas now suspends its full-year guidance. As soon as the company deems that it is capable of giving new estimates for the full-year results, Vestas will disclose updated guidance."

Read the statement in full here.


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