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Vestas Wind Systems A/S Specifies FY 2013 Free Cash Flow Guidance; Maintains FY 2013 EBIT Margin and Revenue Guidance

Wednesday, 21 Aug 2013 02:28am EDT 

Vestas Wind Systems A/S announced that based on the current activity plan for the second half of 2013 and the related cash inflows and outflows, the free cash flow for fiscal year 2013 is expected to be at least EUR 200 million compared to the earlier expectation of a positive free cash flow in fiscal year 2013. The Company also announced that it maintains its full-year 2013 guidance of an EBIT margin before special items of at least 1% and revenue of at least EUR 5.5 billion, including service revenue, which is expected to amount to approximately EUR 1 billion. Fiscal year 2013 service EBIT margin before allocation of Group costs is still expected to be approximately 17%. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of DKK 5,617.32 million. 

Company Quote

9.6 +3.86%
11 Jul 2014