Vestas Wind Systems CEO on Share Price, His Successor, Trade Tensions

The CEO discusses the company's long-term share performance, highlighting record order intake and market share growth. He expresses confidence in his successor, who is familiar with the company's strategy. The impact of trade tensions, particularly tariffs, on the business is acknowledged, affecting margins due to raw material costs. Despite competition from solar energy, the CEO remains optimistic about wind energy's competitiveness and market potential, emphasizing the need for hybrid solutions combining wind and solar power.

What was a key highlight for the company in the recent quarter?

• A decrease in market share

• A record order intake

• A decline in shareholder returns

• A new product launch

How does the CEO feel about the new successor?

• Uncertain about their capabilities

• Concerned about their lack of experience

• Indifferent to the change

• Confident in their ability to continue the company's success

What impact do tariffs have on the company's business?

• They reduce competition

• They affect raw material costs and margins

• They increase revenue

• They have no impact

What is the CEO's perspective on the competition from solar energy?

• Planning to exit the wind energy market

• Confident in wind energy's competitiveness

• Concerned about losing market share

• Unaware of solar energy advancements

What future energy solution does the CEO mention?

• Exclusive reliance on wind power

• Hybrid solutions combining wind and solar power

• Complete transition to solar energy

• Nuclear energy as the primary focus