Wind Energy Company Vestas Lowers Outlook
Aug. 19, 2010 -- A weak second quarter contributed to wind energy company Vestas cutting its earnings outlook for the year.
In Q2, Vestas reported a net loss of 119 million euro, after a net profit of 43 million euro in the same period last year.
The wind turbine manufacturer cut its sales outlook from seven billion euro to six billion, with an operating profit of around six percent, half of what the company previously predicted.
Despite the loss, Vestas has grown its workforce by six percent from the first quarter to nearly 22,400.
Fore more Vestas news, visit Wind Energy Industry Today:
Vestas news - http://windenergy.einnews.com/news/vestas
Located at http://windenergy.einnews.com, Wind Energy Industry Today is a wind energy news monitoring service from EIN News.
In Q2, Vestas reported a net loss of 119 million euro, after a net profit of 43 million euro in the same period last year.
The wind turbine manufacturer cut its sales outlook from seven billion euro to six billion, with an operating profit of around six percent, half of what the company previously predicted.
Despite the loss, Vestas has grown its workforce by six percent from the first quarter to nearly 22,400.
Fore more Vestas news, visit Wind Energy Industry Today:
Vestas news - http://windenergy.einnews.com/news/vestas
Located at http://windenergy.einnews.com, Wind Energy Industry Today is a wind energy news monitoring service from EIN News.
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