Vestas Wind Systems (VWDRY.PK) reports a Q3 net loss of €175M ($225.3M) vs. a net loss of...

|About: Vestas Wind Systems A/S ADR (VWDRY)|By:, SA News Editor

Vestas Wind Systems (VWDRY.PK) reports a Q3 net loss of €175M ($225.3M) vs. a net loss of €60M in the year-ago period and revenues of €1.99B vs. €1.34B Y/Y. The world's largest manufacturer of wind turbines says it will step up its cost-cutting efforts and reduce its headcount further during 2013 through divestments, a hiring freeze and layoffs. Shares -12% in Copenhagen.