VWDRY - Vestas: Dividend Was Cut But No Reason To Panic
Vestas (VWDRY) recently published its results of the full year 2017. In this article, I will take a birds' eye view of their results for 2017 and try to highlight the important aspects.
Profits and margins
As expected by many analysts, Vestas' profit for the year of 2017 went down to €894 million, from €965 million in 2016. This was still a bit higher than the expected profit of €890. Though it is always a good sign if the company beats the consensus expectations, I do not see this as a direct reason