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Vestas cuts forecast for 2013

Wednesday, February 06 07:54:46

Danish wind turbine manufacturer Vestas has cut its forecast for 2013 turbine shipments to 4-5 gigawatts from 5 gigawatts, citing a weaker order intake.

Vestas, struggling to restore investor confidence after two profit warnings, also said today fourth-quarter revenue rose 23 pct to 2.51 billion euros ($3.4 billion), compared with a forecast for 2.26 billion in a Reuters poll.

Earnings before interest and tax (EBIT) before special items increased to 155 million euros, against a forecast for 191 million ( C) Reuters

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