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Home » Finance » Vestas Reports Losses in Q1 2024 Amid Turbulent Market Conditions
Finance

Vestas Reports Losses in Q1 2024 Amid Turbulent Market Conditions

By Benjamin DavisMay 2, 20242 Mins Read
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Credit: Vestas
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Vestas reported a setback in the first quarter of 2024, as the renewable energy giant grappled with a decline in revenue and sustained losses, echoing challenges faced by the broader wind turbine industry. The Danish company disclosed that its earnings before interest and taxes (EBIT) before special items plummeted to a negative €68 million, equivalent to

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