Report
Baptiste Lebacq

Vestas : Towards cash burn in 2023

>Underperform recommendation, target price of DKK 140 - We reiterate our Underperform recommendation on the stock with the target price unchanged at DKK 140. Following the publication and conference call, we are maintaining our EPS forecasts for 2023-2025. We identify several risks: 1/ the supply chain (situation not yet normalised and persistent inflation effect); 2/ problems encountered by all players in the industry in the new (and even) old technologies; 3/ a risk...
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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