Once again Vestas has delivered a surprisingly positive quarterly report. While revenue grew 37 percent year-on-year to about EUR 2.9 billion, the result skyrocketed from EUR 279 million before taxes in the third quarter 2015 to a current EUR 411 million. This has resulted in an upgraded forecast for the full year in all key figures for the second consecutive quarter.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.