Vestas Margins May Be Under Pressure in Q2/Q3, SEB Says

• (PLX AI) - Vestas margins may come under pressure in the second and third quarters, as logistics challenges intensify, SEB analysts said.
• • Congestion and supply chain problems are escalating, and relief won't arrive until late in the year, SEB said, estimating a full-year EBIT margin of 6% for the company
• • Vestas currently guides for 6-8% EBIT margin
• • Q2 volumes likely remained low despite some offshore orders, SEB said
• • SEB rates Vestas hold, with price target DKK 260
• • Vestas was trading down 1.2% at DKK 242.70 before noon