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Denmark

Denmark

Vestas announces 181% 2010 order uptake

DENMARK: Vestas has announced it received orders for 8,673MW in 2010, a 181 percent increase on the previous year.

Vestas CEO Ditlev Engel
Vestas CEO Ditlev Engel

The figures were part of Vestas’ annual results. The company reported a 36% increase in revenue to €6.9 billion, compared to €5 billion in 2009.

The pre-tax margin was 4.5% after €158million costs for factory closures announced at the end of last year. Net profit was €156 million compared with €125 million in 2009.

In 2011, the company said it expects to make a first quarter loss but overall revenue to be around the €7 billion with a pre-tax margin of 7 percent.

Last year, the company said it expected to achieve a pre-tax margin of 10-11% and revenue of €7bn for 2010. However, these figures were revised down in August.

Separately, Vestas CEO Ditlev Engel revealed the company is planning to launch its 6MW turbine in London on March 31. 

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