free_bee
10 years ago
12-month stock price chart is very impressive..
In the first quarter of 2014, Vestas generated revenue of € 1,283 million, an increase of 17 per cent to the year-earlier period. EBIT before special items increased by € 148 million to € 40 million due to improved project margins, higher revenue, lower fixed capacity costs and lower depreciation.
The EBIT margin before special items was 3.1 per cent and the free cash flow increased by € 36 million to € (24) million compared to the first quarter of 2013. During the last 12 months, Vestas has generated a free cash flow of € 1,045 million. The intake of firm and unconditional wind turbine orders was 1,188MW in the first quarter of 2014. The value of the wind turbine backlog amounted to € 6.9 billion at 31 March 2014. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of € 6.9 billion at the end of March 2014. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at € 13.8 billion, an improvement of € 1.4 billion compared to the year-earlier period.
http://www.congoo.com/logarticleclicks.aspx?chid=-1&catid=-1&url=http://c.moreover.com/click/here.pl?z11850126259&z=1650249697
ergo sum
11 years ago
Vestas Wind Systems, which has plants in Windsor, Brighton and Pueblo, announced Thursday its largest wind-turbine order in three years: 400 megawatts for two Texas wind farms.
The wind farms are being built in south Texas by Duke Energy, the country's largest utility operator. The order is the largest globally since 2010 for Aarhus, Denmark-based Vestas.
"This order will keep our U.S. factories busy," Chris Brown, president of Vestas' U.S. and Canada sales division, said in an interview.
The Duke wind farms — producing the power to service 120,000 households — will use Vestas' new V110-2.0 turbines, which are being made in the U.S.
http://www.denverpost.com/breakingnews/ci_24183690/vestas-colorado-plants-bolstered-by-new-wind-turbine
ergo sum
13 years ago
Vestas Wind Systems? tomorrow plans to announce organizational changes that may cut thousands of jobs at the world's biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.
As many as 3,000 of Vestas's more than 23,250 employees may lose their posts, said Jacob Pedersen, an analyst at Sydbank.
Vestas, based in Aarhus, Denmark, said on Nov. 9 that it wants to become a "leaner" company by reducing annual fixed costs by 150 million euros ($192 million).
"They'll probably cut 2,000 to 3,000 jobs, with a very large proportion of that in Denmark," Pedersen said in a telephone interview from the Danish city of Aabenraa. "I don't think there is even a question of getting rid of Ditlev Engel because he is very influential and very good at lobbying politicians."
Engel, 47, is under pressure after twice slashing Vestas's sales forecasts since October and abandoning a 2015 target for 15 billion euros of sales and a profit margin of 15 percent before interest and taxes. Chinese manufacturers led by Xinjiang Goldwind Science & Technology Co. and Sinovel Wind Group Co. have grabbed market share from Vestas, squeezing its margins.
A "significant change of the whole organization" will be announced tomorrow, according to a statement from Vestas on Jan. 3. It originally intended to announce the measures on Feb. 8, then brought forward the plan because it was making quicker progress on preparing the changes.
Jobs in the U.S., where Vestas has spent more than $1 billion building four plants in Colorado, may be spared in the announcement because of the strength of demand before tax credits supporting wind power expire at the end of 2012, said Maurice Rosenthal, an analyst.
Read more: Vestas restructuring, may cut jobs - The Denver Post http://www.denverpost.com/breakingnews/ci_19718989#ixzz1jA64K1be
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TownScapes
13 years ago
Vestas Starts Construction Of 100MW Chile Wind Farm Project
Last update: 9/15/2011 4:17:34 PMSANTIAGO (Dow Jones)--Danish wind turbine company Vestas Wind Systems A/S (VWDRY, VWS.KO) kicked off construction of its 100-megawatt Talinay Oriente wind farm project in northern Chile, the company said. Once construction is complete in the first quarter 2012, the Talinay Oriente project will nearly double Chile's wind-power generation capacity. "We have already received acquisition offers from several local and international companies interested in this exciting project, which will play an important role in Chile's future energy mix," said Juan Araluce, president of Vestas Mediterranean. Although only 0.7% of Chile's energy comes from wind generation, authorities have said they want to boost the usage of alternative renewable energy sources, such as wind, solar and geothermal, as the Andean nation looks to double its current installed capacity of some 15,000 megawatts over the next 12 years. -By Anthony Esposito, Dow Jones Newswires; 56-2-715-8929; anthony.esposito@dowjones.com (END) Dow Jones NewswiresSeptember 15, 2011 16:17 ET (20:17 GMT