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 are the main reasons for Vestas' projected loss?

How significant was the impact of the Russian market on Vestas' overall business?

What adjustments does Vestas need to make regarding their production capacity?

What are the challenges Vestas faces in terms of raw material costs?

What positive news did Vestas report regarding their pricing strategy?