Vestas Logs Strong Q3 Despite Price Pressure and Trade Woes

By [email protected] Shares of Vestas, the world’s largest manufacturer of wind turbines, shot up 11 percent after the firm announced that orders, profits and revenue were all up in the third quarter compared to the same period last year.

This came despite warnings of ongoing trade issues, a slowdown in Asia and continued price pressures.

The value of its order backlog climbed to a record of 3,646 million euros (USD $4,039 million).

Group President and CEO Henrik Andersen said it was gratifying to see the nearly 4 gigawatts of orders placed during the last three months split across 20 markets.

“We have Finland, Greece, Turkey and

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