* Repeats guidance 2014 revenue of at least 6 bln euros
* Sees op profit margin pre-special items of at least 5 pct
* Shares up 1.6 percent
(Recasts with sales officer comments, adds quotes, background,
By Shida Chayesteh
AARHUS, Denmark, June 12 Denmark's Vestas
, the world's biggest wind turbine maker, is targeting
growth in China, India and Brazil as it battles back from years
of losses caused by overcapacity, increasing competition and
Vestas has shed more than 5,000 jobs, closed plants and sold
unprofitable businesses in a restructuring and is now seeking
growth opportunities in three major emerging economies, which
account for more than half of global wind system demand.
"While Vestas has a strong position in new markets and
mature markets, there is room for improvement in China, India
and Brazil," Chief Sales Officer Juan Araluce said at a day of
briefings for analysts and investors on Thursday.
Araluce said his sales push was enhanced by increased
confidence in the company among its customers.
"We have improved, reputation (is) back on track,
satisfaction generally stable, 85 percent of respondents call
Vestas a top-two supplier," he said.
Vestas shares lost 96 percent of their value in the wake of
the financial crisis, as subsidies for green energy dried up and
competition grew, but have rebounded sharply in the last 18
months. Year-to-date they are up 83 percent, though they remain
far off a 2008 record of 700 crowns.
They were up 1.6 percent at 292 crowns by 1108 GMT.
Reuters data shows the stock trading on 26 times this year's
forecast earnings, a 32 percent premium to its peer group.
The company, which last year posted its third straight
annual loss, also said it was keeping unchanged its guidance for
this year's results, having made an unexpected return to profit
in the first quarter.
The company repeated its expectations for 2014 revenue of at
least 6 billion euros ($8.2 billion) and said it still predicted
an operating profit margin before special items of at least 5
percent and free cash flow of at least 300 million euros.
Chief Executive Anders Runevad told Reuters the company was
not changing its indications for the year as a whole, but
declined to elaborate on its performance in April through June.
"We will come back to that when we release the report for
the second quarter," Runevad said.
"The most important focus ... is to execute on our plan," he
said. "What we represent here is the long-term plan - three to
five years. We have done a quarter and we have a good platform
to stand on, but there's a lot of work that remains."
($1 = 0.7345 Euros)
(Editing by David Holmes)