VWSYF - Vestas Wind GAAP EPS of -Euro0.60 revenue of Euro2.49B

Vestas Wind press release (OTCPK:VWDRY): Q1 GAAP EPS of -€0.60. Revenue of €2.49B (+27.0% Y/Y). Revenue for FY2022 is now expected to range between €14.5B and €16B (previously €15B-€16.5B) including Service revenue which is now expected to grow min. 10% (previously approx. 5%). The company expects to achieve an EBIT margin before special items of (5)%-0% (previously 0%-4%) with a Service EBIT margin before special items of approx. 23% (previously approx. 25%). Total investments are still expected to amount to approx. €1,000M in 2022.

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Vestas Wind GAAP EPS of -€0.60, revenue of €2.49B