Report
Vestas : 2023 results ahead of expectations
>Outperform recommendation, target price of DKK 160 (vs DKK 140) - Following the FY 2023 results publication and conference call, we have lowered our expectations for 2024 (margin recovery slower than we expected) and raised those for 2025 (stronger volume acceleration mainly/tighter cost control). Our new target price stands at DKK 160. Even if the situation is in the process of normalising, we identify several risks, particularly with regard to the medium-term EBIT...
Underlying
VESTAS WIND SYSTEMS
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Baptiste Lebacq
Other Reports on these Companies
Other Reports from Oddo BHF
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.