Report
Vestas : Net debt/EBITDA ratio under pressure
>Underperform rating maintained - We confirm our cautious stance on the stock. The low point on margins now appears to have been reached especially for oil services. We had highlighted, post publication of H1 2022, the difficulties in achieving the full-year targets. The group has once again revised its 2022 targets downwards. We are adjusting our 2022 estimates to reflect the new guidance without significantly changing our expectations beyond that. Our target price (...
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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