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Analyst Opinions
Vestas to Continue Growth Following Strong Commercial Activity in FY 2018
Vestas Wind Systems reported a 6% increase in total revenue from $11.15 billion ($9.95 billion) in FY 2017 to reach $11.86 billion (EUR10.13 billion) at the end of FY 2018. The increase is attributed to 15% increase in service revenue on a year-on-year basis which accounted for 16% of total revenue but partly offset by the lower prices in the power solutions segment. The company also reported a gross profit of $ 1.91 billion (EUR1.63 billion) in 2018, a 13%...