Vestas Chiefs Signal Worst Is Over as Turnaround Work Continues
This article is for subscribers only.
Vestas Wind Systems A/S Chairman Bert Nordberg and Chief Executive Officer Ditlev Engel said the worst may be over for the wind turbine maker, which has lost 91 percent of its value since 2008.
“Today we are in better control of our costs, our position and our development than we were a year ago,” Nordberg said. “We have had a dangerous position, and it’s been pretty exciting for a while, but I think it’s calmer now.”