Vestas upgrades free cash flow predictions, thanks to a strong order intake

By Michelle Froese Based on preliminary reports, Vestas had upgraded the expectations for the 2017 free cash flow. The new goal is set at EUR 1,150m-1,250m compared to the previous expectation of EUR 450m-900m.
However, the estimate is based on preliminary reporting and does not include investments in marketable securities, the wind-turbine manufacturer notes.
According to Vestas, the improvement is primarily driven by a strong order intake. The company’s total order intake for 2017 reached 10,022 MW based on announced orders in all four quarters of 2017.
As announced earlier, the annual report for 2017 will be disclosed on February 7, 2018.
Windpower Engineering & Development

Read Full Article Here

For more great articles: Windpower Engineering & Development

(Visited 3 times, 1 visits today)



© 2014 RenewaNews