Vestas (VWDRY.PK) cuts its full-year expectation for delivered orders and plans to lay off more...

|About: Vestas Wind Systems A/S ADR (VWDRY)|By:, SA News Editor

Vestas (VWDRY.PK) cuts its full-year expectation for delivered orders and plans to lay off more workers as it scrambles to swing back to profit. The world's top manufacturer of wind turbines booked new orders with a total capacity of 945 MW in Q2, bringing its order backlog to a record €14.4B ($17.9B), but lowers its full-year target for shipped orders of turbines to 6.3 GW from 7.0 GW prior.