Report
Baptiste Lebacq

Vestas : Q3 > expectations but 2025 targets may appear ambitious

>Underperform recommendation and target price of DKK 140 maintained - Following the publication and conference call, we are maintaining our EPS forecasts for 2023-2025. Although the situation is in the process of normalising, we see a number of risks to the EBIT target for 2025 (expected to be 10%): 1/ the supply chain (situation not yet normalised); 2/ problems encountered by all players in the industry with new (or even old) technologies; 3/ a risk of pressure on th...
Underlying
VESTAS WIND SYSTEMS

Provider
Oddo BHF
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.

Analysts
Baptiste Lebacq

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