Wind OEM giant Vestas cut its profitability guidance for 2021 amid inflationary and supply chain pressures it expects to last throughout next year, as the Danish group also announced finance chief Marika Fredriksson will step down after nine years in the role.
Vestas now expects its profit margin before interest and tax (Ebit) to come in around 4% for the full year, down from previous expectations of 5-7%.
