Vestas Guidance in Focus -- Market Talk

Dow Jones01-07 22:12

1412 GMT - Vestas reports earnings on Feb. 5 and investor focus will be on the 2025 guidance, JPMorgan analysts write. The bank expects Vestas to guide for 2025 revenue of 18.5 billion to 20 billion euros and an adjusted EBIT margin of 5%-7%, with consensus looking for revenue of 19.6 billion euros and an adjusted EBIT margin of 7.0%. It forecasts fourth quarter 2024 revenue of 5.89 billion euros, which is 1% above consensus, and an adjusted EBIT of 626 million euros, which is 4% below consensus. "We therefore see a risk to the consensus and the 2024 margin guidance, but believe it is already reflected in the share price." JPMorgan rates Vestas at neutral with a 123 Danish kroner price target. Shares fall 0.3% to 104.25 kroner. (dominic.chopping@wsj.com)

 

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January 07, 2025 09:12 ET (14:12 GMT)

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