Vestas says turnaround plan is on course

In the third quarter of this year (Q3’13), Vestas generated revenue of EUR 1.442 billion – a 27% decrease year-over-year. Nonetheless, the company claims its turnaround is continuing according to plan.

Vestas upgrades the 2013 outlook on EBIT margin before special items from minimum 1 per cent to minimum 2 per cent and free cash flow is upgraded from minimum EUR 200m to EUR 500-700m.

In the third quarter of 2013, Vestas generated revenue of EUR 1,442m