Vestas VWS.CO, the world's biggest wind turbine maker, said on Monday it had cut its full-year profit margin and revenue outlook, warning of a second-quarter loss. That sent the company's shares down 5%.
Vestas said it would see a one-off loss of 300 million euros ($327.63 million) in the second quarter in its normally strong services sector, which was impacted by continued inflation, increased repairs and upgrades and operational inefficiencies.