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Record order intake triggers major upgrade at Vestas

The major order frenzy at the end of December 2017 triggered much stronger cash flows at Vestas than expected.

Photo: Frank Boutrup Schmidt/Vestas

Based on preliminary reporting, Vestas is upgrading its expectations for the 2017 free cash flow, excluding investments in marketable securities, to the range of EUR 1,150 million to EUR 1,250 million, compared to the previous expectation of EUR 450 million to 900 million.

The improvement is primarily driven by a strong order intake, Vestas writes in a press release.

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