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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Vestas shares leap ahead of financial report
For subscribers
MHI Vestas makes changes to top post
For subscribers
GE's Offshore Wind CEO is replaced internally
For subscribers
.jpg&w=384&q=75)
