Wind turbine maker Vestas cuts margin outlook as Ukraine war bites
COPENHAGEN (Reuters) -Wind turbine maker Vestas slashed its full-year operating profit margin outlook due to the war in Ukraine and writedowns in its offshore business, as it reported a deeper-than-expected first quarter operating loss.
Source: www.reuters.com
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COPENHAGEN (Reuters) - The world’s largest wind turbine maker Vestas slashed its operating profit margin outlook for the year due to the war in Ukraine, it said late on Sunday, when it also reported a deeper-than-expected operating loss for the first quarter.
Reporting by Stine Jacobsen; Editing by Tom Hogue
