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Denmark

Denmark

Vestas achieves 'best-ever' results with 9GW in orders for 2010

DENMARK: Vestas has announced, as part of its 2009 annual results, it has orders for 8-to-9GW for 2010 worth EUR2.2billion.

Vestas has 8-to-9GW in order for 2010
Vestas has 8-to-9GW in order for 2010

The company also announced its pre-tax earnings for the year rose by 28% to EUR856m while revenue increased by 10% to EUR6.6billion. Vestas said the performance represented its "best ever results."

In 2010, the company expects to achieve a pre-tax margin of 10-11% and revenue of EUR7bn. Previously it expected 10-12% pre-tax margin and EUR7-8billion in revenue.

Europe will account for almost half of Vestas 2010 intake. The Americas and Asia-Pacific will account for 30% and 20% respectively.

Vestas’ growth in orders echoed that of Suzlon, which announced in its own annual figures last month that it had 1.5GW in orders for 2010.

 

Analysis - Vestas' share drops to 13%, is the world leader close to being toppled?

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