Vestas’ Q3 results beat expectations in all metrics. The order intake momentum remained extremely strong by growing 45% to 4.7GW, taking the order backlog to an all-time high, which, combined with a stable ASP, gives good visibility for both next year and 2021. Management confirmed its full-year targets. With this impressive execution, Vestas confirmed its leadership position amongst its peers. We confirm our positive opinion on the stock.
07 Nov 2019
Impressive execution
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Impressive execution
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
07 Nov 2019 -
Author:
Luis Pereira -
Pages:
3
Vestas’ Q3 results beat expectations in all metrics. The order intake momentum remained extremely strong by growing 45% to 4.7GW, taking the order backlog to an all-time high, which, combined with a stable ASP, gives good visibility for both next year and 2021. Management confirmed its full-year targets. With this impressive execution, Vestas confirmed its leadership position amongst its peers. We confirm our positive opinion on the stock.