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Non-Tech : Alternative energy

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From: Eric1/9/2018 7:13:50 AM
   of 16955
 
Thanks To Strong Order Intake, Vestas Ups Free Cash Flow Predictions

Posted by
Betsy Lillian

January 8, 2018



Vestas has upgraded the expectation for its 2017 free cash flow to EUR 1.15 billion-1.25 billion compared to the previous expectation of EUR 450 million-900 million.

According to Vestas, the improvement is driven primarily by a strong order intake.

This estimate is based on preliminary reporting and does not include investments in marketable securities, the wind turbine manufacturer notes.

As announced earlier, the annual report for 2017 will be disclosed on Feb. 7, says Vestas.

nawindpower.com
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