Climate Adaptation
Vestas Wind Posts Surprise Loss as Virus Hits Supply Chain
- Turbine maker recorded $59 million loss in the first quarter
- Company keeps guidance suspended amid virus uncertainty
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Denmark’s Vestas Wind Systems A/S fell into the red as the coronavirus squeezed its supply chain, the first quarterly loss since 2013.
The world’s biggest wind turbine manufacturer posted a 54 million-euro ($59 million) loss before special items, compared with a 95 million-euro profit analysts surveyed by Bloomberg had anticipated.