Disrupted supply chains in the wake of the Covid-19 pandemic, as well as one-offs such as write-downs related to Russia’s invasion of Ukraine have led to a massively widened loss at global wind power giant Vestas.

The company due to the losses and a highly uncertain outlook for the remainder of the year also lowered its 2022 guidance, a move not taken lightly by investors. Vestas shares fell by 5.39% to DKr172.96 ($24.46) per share in Monday morning trading in Copenhagen.