Vestas CEO on 2Q Earnings, Energy Storage

The transcript covers Vestas' performance, focusing on missed sales and revenue estimates, the impact of US politics on market performance, and the company's outlook on economic growth and market opportunities. It also explores energy storage solutions and technology, and discusses a patent suit filed by General Electric against Vestas. Despite challenges, Vestas remains optimistic about its market position and future prospects.

What was the market's reaction to Vestas' recent quarterly performance?

• The market sold the shares heavily.

• The market reacted positively.

• The market was indifferent.

• The market increased the share price by 6%.

How does Vestas view the political situation in the United States in terms of business impact?

• They are very concerned about political changes.

• They believe the current market drivers will remain stable.

• They expect significant negative impacts.

• They plan to exit the US market.

What drives the US market according to Vestas?

• Fluctuations in the stock market

• DST current paid to say structure

• Changes in consumer preferences

• Political changes

What is the expected market size in the US up to 2020 according to external analysts?

• 30 to 40 gigabytes

• 20 to 30 gigabytes

• 10 to 20 gigabytes

• 40 to 50 gigabytes

What is Vestas' approach to energy storage?

• They plan to become a battery manufacturing company.

• They are not interested in energy storage.

• They focus on technology and wind turbine optimization.

• They will only invest in hydro storage.

How does Vestas plan to handle fluctuations in wind energy production?

• By using pumped hydro and heating systems

• By increasing wind turbine production

• By reducing energy output

• By relying solely on battery storage

What is Vestas' stance on the General Electric patent suit?

• They have not responded to the suit.

• They believe the complaint is valid.

• They plan to settle the case out of court.

• They consider the complaint to be without merit.