Vestas Wind Systems stock (DK:VWS) fell 9% in early trade as the turbine maker said its annual EBIT margin before special items will more likely be at the lower end of a 4% to 5% range, that net investments will be approximately EUR1 billion instead of EUR1.2 billion and that service EBIT will be EUR450 million instead of around EUR500 million. Vestas said its EBIT margin was 4.5% in the third quarter after EUR5.18 billion euros in revenue.

-Steve Goldstein

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November 05, 2024 03:40 ET (08:40 GMT)

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