Vestas pointed to higher orders as evidence of continuing solid progress in its financial second quarter despite a year-on-year fall in revenue and profits, but saw its shares fall sharply in Copenhagen on Thursday morning.

The Danish wind group reported revenues of €2.2bn ($2.59bn) for the April to June period, a 14% drop on the same quarter last year, while operating profit (Ebit) fell to €279m from a year-earlier €399m.