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Vestas says no cancellations due to credit crisis

Thu Nov 6, 2008 7:56am EST

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LONDON, Nov 6 (Reuters) - Denmark's Vestas (VWS.CO), the world's biggest maker of wind turbines, has not had any orders cancelled due to the global credit crisis, its Chief Executive Ditlev Engel said on Thursday.

"We have not experienced customers wanting to cancel orders," Engel told Reuters in an interview ahead of a news conference in London.

Vestas on Thursday kept its 2008 outlook and said it saw higher 2009 margins and sales, despite lower-than-expected third-quarter earnings. (Reporting by Karin Jensen, Copenhagen Newsroom, editing by Will Waterman)



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