Vestas upgrades full-year forecast once again

The Danish wind turbine manufacturer Vestas has added EUR 1 billion to its original projections for the free cash flow in 2016. A strong order intake is the explanation for the second upgrade in less than two months.

Photo: Frank Boutrup Schmidt/Vestas

The past month has been a whirlwind for Vestas. In December alone, the turbine manufacturer announced new orders totaling almost 3 GW, which is a contributing factor in the expectations for 2016 being upgraded for the second time in two months.

"The improvement is primarily driven by a strong order intake," Vestas writes in a corporate statement Friday afternoon CET.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs