Adjustment of financial outlook for 2022
Vestas Wind Systems A/S, Aarhus, 2 November 2022Company announcement no. 20/2022 In the third quarter of 2022, the business environment with supply chain instability and cost inflation did not wane. Additionally, delays on project deliveries lead to higher costs related to executing on customer commitments. Consequently, Vestas is adjusting the full-year guidance: · Revenue is now expected to range between EUR 14.5bn and 15.5bn (previously EUR 14.5bn-16.0bn) · EBIT margin before special items is adjusted to approx. (5) percent (previously (5)-0 percent) · Total investments (