EnergyWatch

Vestas denies acquisition ambitions – at least for now

While competitors consolidate as if their lives depended on it, Vestas has no current plans to acquire blade manufacturers or competitors. However Anders Runevad understands why others are doing just that.

Dette veritable stalinorgel af vindmøllevinger er produceret af Vestas – og sådan skal det blive ved med at være. | Photo: Vestas

The coffers at Vestas continue to fill. Despite the ongoing share buyback program worth EUR 400 million, wind turbine manufacturers grew net liquidity by EUR 33 million in the third quarter of this year,  totaling a staggering EUR 2,116 million.

With a good deal of goodwill, the development could also shine through in the quarterly report. Besides the upgrade on revenue for the full year, the profit margin, and free cash flow, the expected investment budget has also shot upward. The wind turbine manufacturer now expects to make investments totaling EUR 600 million, up from EUR 500 million.

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