Vestas Wind Systems A/S: Gradual improvement of op. performance in Q2 in line with expectations - no change to Baa2 rating and stable outlook
We take comfort from a gradual improvement in Vestas' operating perfomance during Q2 2023 and expect a return to solid profitability during 2024.Vestas Wind Systems is an industrial machinery and equipment manufacturing company based in Denmark. Co. is engaged in the production of wind turbines. Co.'s main activities comprise development, manufacture, sale, marketing and maintenance of installations that use wind energy to generate electricity. Co. supplies products, from individual turbines to the delivery of turnkey wind power installations globally. Co. supplies guidance services to its customers in connection with the development, financing and ownership of wind turbine projects. Co.'s main customers are utilities and energy companies.
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