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Vestas Reports Strong Second Quarter, Raises EBIT Margin Outlook

Vestas Wind Systems logoVestas Wind Systems
Sig2.92Sen+6.78Env+1.05Soc0.00Gov0.00

Vestas reported a much stronger second quarter than expected, driving a stock jump of about 19% to 20%. Power Solutions delivered adjusted EBIT of €397 million with a 10.4% margin. The company raised its full-year EBIT margin outlook to 7% to 9% (from 6% to 8%) while keeping revenue guidance at €20 billion to €22 billion, citing improved profitability conditions.

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