Vestas Wind Systems Is Confident Coming Into 2020, Says CEO

The transcript discusses the company's performance in 2019, highlighting its achievements and challenges. It outlines financial projections for 2020, emphasizing the need for operational discipline. The conversation also touches on public perception of wind energy, particularly in Germany, and the company's efforts to address these challenges while promoting renewable solutions.

What was the company's financial achievement in 2019?

• They met the low end of their predictability.

• They exceeded their predictability expectations.

• They fell short of their predictions.

• They had no significant achievements.

What is the expected revenue range for the company in 2020?

• €20 to €25 billion

• €14 to €15 billion

• €30 to €35 billion

• €10 to €12 billion

What is a major challenge for the company's profitability?

• High operational costs

• Low market demand

• Lack of skilled workforce

• High volume but low margin

How does the company plan to handle project execution?

• By increasing project timelines

• By reducing project sizes

• By maintaining operational and financial discipline

• By outsourcing all projects

What is a public concern regarding wind energy in Germany?

• Lack of government support

• Opposition from both political sides

• Noise pollution from turbines

• High cost of wind turbines