Report
Vestas : Caution still the watchword
>Underperform rating maintained - We confirm our cautious stance on the stock. The low point on margins now appears to have been reached. In order to be able to achieve its full-year targets, service margins will have to recover sharply in H2 2022 (target of 23% for 2022 after 18.9% in H1 2022!). Our target price (obtained via a DCF) remains unchanged at DKK 140.Restated EBIT -€ 182m < consensus -€ 145m - In Q2 2022, Vestas generated revenues of ...
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
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