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Vestas raises cash flow target, shares +6%

  • Vestas Wind Systems (VWDRY +6%) raises its cash flow target for the third time in a year, as the wind turbine manufacturer shows further signs that its recovery is taking hold.
  • Vestas says its free cash flow last year would total ~€1B vs. a previous forecast of €500M-€700M and a year ago expecting cash flow just above zero.
  • Vestas enjoyed one of its busiest-ever months for orders in December as it unveiled a number of large U.S. deals involving more than 400 turbines from the likes of Enel Green Power and First Wind.
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Comments (1)
  • Bull-Market
    , contributor
    Comments (473) | Send Message
     
    Vestas is a core holding.
    7 Jan 2014, 09:56 PM Reply Like
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