Key Developments: Vestas Wind Systems A/S (VWSYF.PK)
12.11USD
23 May 2013
$-0.45 (-3.58%)
$12.56
$12.27
$12.27
$12.11
1,270
2,726
$12.78
$3.99
Latest Key Developments (Source: Significant Developments)
Vestas Wind Systems A/S Receives 155 Megawatt Order in Mexico
Vestas Wind Systems A/S announced that the Company has received a firm and unconditional order for 47 V112-3.3 MW turbines for Mexico. The customer is IEnova. The contract includes supply and commissioning of the wind turbines, a VestasOnline Business SCADA solution as well as a five-year AOM 5000 service agreement. Delivery of the wind turbines will begin in the third quarter of 2014 and the wind power plant is expected to be commissioned by the first quarter of 2015. Financial details were not disclosed. Full Article
Vestas Wind Systems A/S Maintains FY 2013 Financial Guidance
Vestas Wind Systems A/S announced that the Company maintains its fiscal year 2013 financial guidance. The Company continues to expect fiscal year 2013 EBIT margin before special items of at least 1% and fiscal year 2013 revenue of at least EUR 5.5 billion, including service revenue, which is expected to amount to approximately EUR 1 billion. Service EBIT margin before allocation of the Company's costs is still expected to be approximately 17%. According to I/B/E/S Estimates analysts on average are expecting the Company to report revenue of EUR 5,580.53 million for the fiscal year 2013. Full Article
Vestas Wind Systems A/S Receives Order from Belgium-Reuters
Reuters reported that Vestas Wind Systems A/S has received an order for three V112-3.0 MW (megawatt) turbines and nine V90-2.0 MW turbines from Aspiravi NV and Limburg win(d)t in Belgium. The contract includes the delivery, installation and implementation as well as a 15-year service agreement. The turbines are expected to be delivered by the end of 2013 and they are expected to be operational at the end of 2013 and the beginning of 2014. The financial details of the agreement were not disclosed. Full Article
Vestas Wind Systems A/S Receives Order from Chile
Vestas Wind Systems A/S announced that it has received a firm and unconditional order for 57 V100 turbines for Chile. The customer is Empresas Publicas de Medellin E.S.P. The order includes 22 V100-1.8 MW (megawatt) turbines and 35 V100-2.0 MW turbines, together 109.6 MW. The contract includes supply, installation and commissioning of the wind turbines, civil and electrical works, a VestasOnline Business SCADA solution as well as a 10-year AOM 4000 service agreement. Delivery of the wind turbines will begin in the third quarter of 2013 and the wind power plant is expected commissioned by the third quarter of 2014. The financial details were not disclosed. Full Article
Vestas Wind Systems A/S Receives 10-Year Service Contract Renewal for 120 MW
Vestas Wind Systems A/S Receives 10-Year Service Contract Renewal for 120 MW Full Article
Vestas Wind Systems A/S Receives Order from Italy-Reuters
Reuters reported that Vestas Wind Systems A/S has received an order for 24 v100-2.6 MW (Megawatt) wind turbines for Puglia, Italy. The turbines are scheduled to be delivered in the third quarter of 2013. The financial details were not disclosed. Full Article
Vestas Wind Systems A/S Appoints New Chief Financial Officer
Vestas Wind Systems A/S announced that the Company has appointed Ms. Marika Fredriksson as new Chief Financial Officer (CFO) and Member of the Executive Management of the Company. Ms. Fredriksson will take up the position on May 1, 2013. She succeeds Mr. Dag Gunnar Andresen who has decided to leave Vestas by the end of April 2013 due to personal reasons. Full Article
Vestas Wind Systems A/S Receives Order in Romania
Vestas Wind Systems A/S announced that the Company has received a firm and unconditional order for 72 Megawatt (MW) (with an option for another 12 MW) from Romania. The 36-turbine order constitutes the first part of a project consisting of a total of 42 V90-2.0 MW wind turbines to be installed in Tulcea County in Romania. Delivery of the first 36 turbines is planned for the second half of 2013. The contract includes supply, installation and commissioning of the turbines, along with a VestasOnline Business SCADA solution. Financial details were not disclosed. Full Article
Vestas Wind Systems A/S Receives Order in Canada
Vestas Wind Systems A/S announced that the Company has received a firm and unconditional order for 299 Megawatt (MW) for the Blackspring Ridge Wind Project in Canada. The customer is a joint venture of EDF Renewable Energy and Enbridge, in Alberta. The scope of contract includes supply and commissioning of the wind turbines, a VestasOnline Business SCADA system as well as a 20-year service and maintenance agreement (AOM 5000). Deliveries are scheduled for the second half of 2013 with commissioning expected to take place mid-2014. Financial details were not disclosed. Full Article
Vestas Wind Systems A/S Receives Order from Ukraine
Vestas Wind Systems A/S announced that it has received a firm and unconditional order for 35 V112-3.0 MW (megawatt) turbines for Ukraine. The customer is The DTEK Group. The contract includes supply, installation and commissioning of 35 V112-3.0 MW turbines, together with a VestasOnline Business SCADA system and an AOM 4000 service agreement. The turbines are planned to be delivered at the end of 2013 and are scheduled to be commissioned in the summer of 2014. Full Article
UPDATE 1-Vestas shares jump as cost cuts help reduce losses
* Shares jump more than 8 pct (Adds details, comments, background)
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