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Vestas Wind Posts Surprise Loss as Virus Hits Supply Chain

  • Turbine maker recorded $59 million loss in the first quarter
  • Company keeps guidance suspended amid virus uncertainty
Protective covers sit on wind turbine blades as they are moved at the Vestas Wind Systems A/S blade factory in Lem.

Protective covers sit on wind turbine blades as they are moved at the Vestas Wind Systems A/S blade factory in Lem.

Photographer: Freya Ingrid Morales/Bloomberg

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Denmark’s Vestas Wind Systems A/S fell into the red as the coronavirus squeezed its supply chain, the first quarterly loss since 2013.

The world’s biggest wind turbine manufacturer posted a 54 million-euro ($59 million) loss before special items, compared with a 95 million-euro profit analysts surveyed by Bloomberg had anticipated.