Vestas Job Cuts: What's Happening to the Wind Turbine Giant?

Vestas' "Good News"? More Like Smoke and Mirrors

Okay, let's dive into this Vestas "success" story. Strong onshore execution? Margin expansion? Give me a break. These are the same clowns who were singing a different tune just last quarter. Now suddenly, everything's sunshine and roses?

Color me skeptical.

Onshore Wind: A Temporary Band-Aid?

So, onshore wind is doing well, huh? Turbine deliveries are up, prices are "stable," and warranties are down. Sounds fantastic on paper. But what happens when the wind doesn't blow? What happens when these "stable" prices suddenly aren't so stable anymore?

And let's be real, how much of this is just them catching up on delayed projects? I mean, we've all seen how supply chains have been lately. It ain't exactly smooth sailing. This could just be a temporary blip, a dead cat bounce before things get ugly again.

Plus, they're patting themselves on the back for US policy uncertainties being resolved. Did Vestas resolve them, or did they just get lucky that the government finally stopped dragging its feet? There's a difference, folks.

Offshore Wind: The Albatross Around Their Necks

Ah, offshore wind. The elephant in the room. No new orders again? For two quarters straight? That's not a trend, it's a flashing red warning light. They’re sitting on a EUR 9.9 billion backlog, which they claim will support earnings through 2026. Okay, fine. But what happens after 2026 if they can't land any new deals?

Seriously, what's going on here? Is their tech not up to par? Are they pricing themselves out of the market? Or is there something else going on that they're not telling us? Because "no new orders" screams trouble.

And get this: they expect full-year adjusted EBIT to be down, reflecting higher costs associated with offshore wind sites. So, the onshore division is supposedly crushing it, but the offshore division is dragging the whole company down. Sounds like a brilliant business strategy.

Speaking of brilliant strategies, Vestas is cutting 900 office jobs by the end of 2025. You know, because that's always a sign of a healthy, thriving company. Layoffs. (Vestas to cut 900 office jobs by the end of 2025)

Statistical Cookies? More Like Privacy Invasions

Oh, and while we're at it, let's talk about those lovely cookies. Vestas, like every other company these days, is tracking your every move online. "To improve your user experience," they claim. Right. More like, "to sell your data to the highest bidder."

They categorize their cookies as "necessary," "functional," "statistical," and "marketing." But let's be real, those lines are blurry as hell. "Statistical" cookies collect information about how you use their website. And "marketing" cookies track your interests across the entire internet. What's the difference? Not much, if you ask me.

And they have the audacity to say that "necessary" cookies can't be disabled. Well offcourse they can't. That's how they track you from the moment you land on their site.

But hey, at least they have a Privacy Policy. I'm sure it's full of legalese and loopholes that nobody actually reads.

So, What's the Real Story?

Vestas stock might be up, but I ain't buying what they're selling. This smells like a desperate attempt to prop up their image before the whole house of cards comes crashing down. They can narrow their EBIT margin guidance and announce share buybacks all they want, but those offshore wind problems aren't going away anytime soon. And those cookies? Just another reminder that your privacy is an illusion.