Vestas Cuts Outlook on Russia Exit Costs, Supply Chain

The video discusses Vestas' financial challenges, primarily due to its exit from Russia, which led to a significant write-down. Although Russia was a small market for Vestas, the exit has been costly. Other challenges include adjusting production in Asia, rising raw material costs, and supply chain issues. Despite these hurdles, Vestas managed to increase its average selling price per turbine, a positive development amid rising inflation and transport costs.

What was the primary reason for Vestas' projected loss?

• Exit from the Russian market

• High demand for turbines

• Increase in global competition

• Decrease in steel prices

Apart from the exit from Russia, what other challenges is Vestas facing?

• Lack of skilled labor

• Rising raw material costs and supply chain issues

• Decreasing demand for wind energy

• Government regulations

What is one potential long-term benefit for Vestas despite current challenges?

• Decrease in renewable energy investments

• Reduction in global energy consumption

• The green transition in Europe and the US

• Increased reliance on fossil fuels

What positive development did Vestas achieve in the first quarter?

• Reduced inflation rates

• Increased average selling price per turbine

• Decreased production costs

• Expanded market share in Asia

What ongoing challenge does Vestas face despite raising turbine prices?

• Increased competition from new entrants

• Lack of technological innovation

• Decreasing demand for turbines

• Rising inflation and transport costs