Vestas Wind's CFO Change Seen Linked to Services Business Woes -- Market Talk

Dow Jones

2024-12-04

1225 GMT - Vestas Wind Systems's change of CFO could help to restore investor faith in the service business but fears of a fourth-quarter earnings miss for the unit could weigh on shares, Citi analyst Martin Wilkie writes. He adds that while CFO Hans Martin Smith's decision to step aside seems amicable, the market will be tempted to link it with recent challenges at the services business. Shares are currently down 6.4% at 100.80 Danish Krona. (ian.walker@wsj.com.)

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December 04, 2024 07:26 ET (12:26 GMT)

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He adds that while CFO Hans Martin Smith's decision to step aside seems amicable, the market will be tempted to link it with recent challenges at the services business. Shares are currently down 6.4% at 100.80 Danish Krona. 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