|Bid||191.54 x 0|
|Ask||191.56 x 0|
|Day's range||190.32 - 196.78|
|52-week range||141.66 - 285.70|
|Beta (5Y monthly)||1.02|
|PE ratio (TTM)||N/A|
|Earnings date||02 Nov 2022|
|Forward dividend & yield||0.37 (0.20%)|
|Ex-dividend date||06 Apr 2022|
|1y target est||N/A|
COPENHAGEN (Reuters) -Wind turbine maker Vestas expects to deliver more positive results next year, its chief executive said on Wednesday, as high costs from raw materials and transport, which hit second-quarter results, are passed on to customers. Shares in Vestas rose 4% after the firm said it raised its prices in the second quarter by 22% compared to the same period last year, a sign that the company's hard-hit profit margins could improve. Heightened competition, supply disruptions due to the COVID-19 pandemic and soaring metals prices exacerbated by the war in Ukraine have made it difficult for wind turbine makers to generate positive margins, despite solid demand.
(Bloomberg) -- The world’s addiction to fossil fuels, the race for renewables and the costly impact of climate change will all be in focus in this week’s raft of corporate earnings. Attention will be on Munich Re on Tuesday after smaller reinsurer Hannover Re this week stuck by its profit target. Wind turbine maker Vestas will be in focus on Wednesday after Siemens Gamesa cut guidance again on surging commodity costs and supply chain disruption. And, following a series of estimate-busting profit
On the call today are Jim Heppelmann, chief executive officer; and Kristian Talvitie, chief financial officer. Before I dive in, I'd like to point out that Kristian will cover the effects of the strengthening dollar later during his section of the call.