Vestas upgrades forecast across the board
Danish wind turbine manufacturer Vestas upgrades its full-year forecast once again and now projects revenue of EUR 10 billion as early as this year.
Many thought that this late in the year, Danish turbine manufacturer Vestas could not possibly surprise analysts any more than it already has. But in the third quarter 2016, the company once again managed to do just that. With revenue up 37 percent year-on-year to EUR 2.9 billion, a profit margin for special items at 14.9 percent, and a result of EUR 309 million after taxes, Vestas has beaten all expectations.
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