Stellar Order Growth for Vestas in 2Q; Share Buyback of EUR 200 Million Announced
Europe's largest wind turbine manufacturer, Vestas, reported second-quarter 2018 results in line with our expectations, as strong revenue growth in service (sales up 11% with EBIT margin of 25.2%) was more than offset by continued pricing pressure in power solutions. We foresee continued price declines (the average selling price for order intake, expressed per megawatt-hour, declined by 12% year on year in the quarter), as the increased allocation for large renewable wind projects based upon the...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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