Vestas upgrades its financial outlook for 2014

Aarhus Denmark - In the third quarter of 2014, Vestas generated revenue of EUR 1,813m

EBIT before special items increased by EUR 96m to EUR 163m primarily due to higher volume and to a lesser extent also caused by improved average margins. The EBIT margin before special items was 9.0 per cent. The net result increased by EUR 189m to EUR 102m and the free cash flow increased by EUR 49m to EUR 105m compared to the third quarter of 2013.

The intake of firm and unconditional wind turbine orders amounted to 1,170 MW in the third quarter of 2014

Source: IWR Online, 07 Nov 2014