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Johnny Thomsen Appointed CEO Of MHI Vestas Offshore Wind
Vestas CEO Says Co Will Be Ready To Accelerate Offshore Wind Division After 2021
Vestas To Acquire Offshore Business In Joint Venture
Vestas Wind Systems A/S is a Denmark-based company active within the wind power industry. The Company operates through two segments, Project and Service. The Project segment is responsible for sale of wind power plants and wind turbines, among others. The Service segment contains provision of services related to the Company's offer, as well as sale of spare parts and other activities. Vestas Wind System's product line comprises 2 Megawatt (MW) and 3MW energy capture platforms equipped with ice, smoke and shadow detection systems. Its services range consists of data-driven consultancy services, fleet optimization, blade maintenance and inspection, power generator repairs and gearbox exchange, among others.
Misc. Capital Goods
Hedeager 42, Aarhus N
Independent Chairman of the Board
Henrik M. Andersen
President, Chief Executive Officer
Independent Deputy Chairman of the Board
Chief Financial Officer, Executive Vice President
Tommy Rahbek Nielsen
Chief Operating Officer, Interim Executive Vice President of Manufacturing & Global Procurement
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Shares in the world's largest wind turbine maker, Vestas <VWS.CO>, hit a record high after the company reintroduced full year revenue guidance on Tuesday following a surge in second quarter sales.
* SUPREME COURT APPROVES SCHEME OF ARRANGEMENT TO EFFECT ACQUISITION OF WINDLAB BY WIND ACQUISITION 2 Source text for Eikon: Further company coverage:
Leading wind turbine maker Vestas <VWS.CO> posted an unexpected first-quarter operating loss despite strong sales and a healthy order book, weighed down by project delays as well as higher costs that were partly down to the COVID-19 pandemic.
* CFO SAYS HAD A FEW DELAYED PROJECTS IN THE FIRST QUARTER WHICH TRIGGERED SOME EXTRA COSTS
Vestas <VWS.CO> said on Monday it will lay off around 400 employees and halt certain research and development projects with immediate effect as a result the economic impact of the new coronavirus outbreak.
Vestas, the world's largest maker of wind turbines, suspended its 2020 outlook on Tuesday as measures to curb the spread of the coronavirus disrupted its manufacturing, supply chain and installations at wind parks.
* PRELIMINARY NUMBERS INDICATE THAT RESULTS FOR Q1 ARE IN LINE WITH EXPECTATIONS
Vestas, the world's largest maker of wind turbines, suspended its 2020 outlook on Tuesday as measures to curb the spread of the coronavirus disrupted its manufacturing, supply chain and installations.
* Siemens Gamesa has closed eight plants in Spain (Recasts with Vestas, Siemens Gamesa, context)
* SAYS IT HAS SUSPENDED PRODUCTION IN SPAIN DUE TO CORONAVIRUS-RELATED SHUTDOWN
Vestas, in the midst of its busiest period on record, said on Wednesday sales would continue to rise this year driven by healthy demand for its wind turbines.
Wind turbine maker Vestas' <VWS.CO> sales, orders and profit surpassed analysts expectations in the third quarter as the Danish firm enjoys one of its busiest periods on record, lifting its shares nearly 11 percent on Thursday.
Wind turbine maker Vestas <VWS.CO> said on Friday it would lay off 590 people at blade factories in Germany and Denmark to rein in costs and cope with a squeeze on prices as state subsidies fall.
Ingka Group, which owns most IKEA stores, said on Friday it would buy an 80% stake in seven Romanian wind farms from wind turbine maker Vestas <VWS.CO> for 136 million euros ($151 million).
* Shares down nearly 4% (Recasts, adds CEO quotes, share price)
Wind turbine maker Vestas posted lower than expected second-quarter operating profit on Thursday, hit by competitive markets, tariffs and orders received during a steep price decline in 2017.
* HAS WON AN ORDER FROM MHI VESTAS OFFSHORE WIND TO SUPPLY ITS RELIABLE, ENERGY-EFFICIENT AND COMPACT WINDSTAR TRANSFORMERS FOR INSTALLATION IN WIND TURBINES IN NORTH SEA
Vestas on Tuesday launched a wind turbine targeting the U.S. market, aiming to simplify how they are built and cut costs further for the renewable energy source.
Vestas Chief Executive Anders Runevad will step down in August and be replaced by Henrik Andersen, CEO of coatings company Hempel and already a board member at the Danish wind turbine maker.
Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country's impending departure from the European Union, its chief executive told Reuters.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.