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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems A/S    VWS   DK0010268606

VESTAS WIND SYSTEMS A/S

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Vestas Wind A/S : achieves record order intake of more than 1.5 GW from Polish auctions with new order for four wind projects

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08/25/2020 | 05:52am EDT

News release from Vestas Northern and Central Europe
Hamburg, 25 August 2020
Vestas has secured a 36 MW order with ELAWAN Energy for four projects awarded at the Polish wind-solar-energy auction in December 2019. With this order, Vestas once again has supported its customers to succeed in competitive auctions and has now secured a total of more than 1.5 GW of onshore wind energy projects in Poland, since the country introduced its auction scheme in 2018. The order reinforces Vestas' market leadership in the country's renewable energy sector and builds upon the installed base of more than 2.2 GW. Vestas has been active in Poland since 2002 and employs around 400 people in the country.

"The order from ELAWAN Energy is another proof-point showing Vestas` ability to deliver solutions to our valued customers in Poland. It is fantastic to reach this milestone and help our partners to drive the energy transformation. We`re looking forward to realise these projects for ELAWAN Energy", states Nils de Baar, President of Vestas Northern and Central Europe.

Demonstrating the continued popularity of the 2 MW platform, Vestas delivers three V110-2.0 MW turbines for the Wloszakowice wind park, three V100-2.0 MW turbines for the Kleby-Golczewo wind park, two V110-2.0 MW turbines for the Wronczyn wind park and ten V100-2.0 MW for the Werbkowice wind park.

The contracts further include supply, installation and commissioning of the wind turbines, as well as 10-year Active Output Management 4000 (AOM 4000) service agreements. The projects will feature a VestasOnline[®] Business SCADA solution, lowering turbine downtime and thus optimising the energy output. All towers will be delivered by E-Towers Famaba in Poland.

Deliveries are planned for the first quarter of 2022.    
For more information, please contact:
Christina Schmidt
Communications Partner, Vestas Northern & Central Europe
Tel: +49 40 46778 5153
Mobile: +49 (0) 160 90141736
Email: chbut@vestas.com
About Vestas
Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with more than 117 GW of wind turbines in 81 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 104 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas' more than 25,500 employees are bringing the world sustainable energy solutions to power a bright future.

We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

· www.twitter.com/vestas
· www.linkedin.com/company/vestas
· www.facebook.com/vestas
· www.instagram.com/vestas
· www.youtube.com/vestas

https://news.cision.com/vestas-wind-systems-a-s/r/vestas-achieves-record-order-intake-of-more-than-1-5-gw-from-polish-auctions-with-new-order-for-four,c3180740

https://mb.cision.com/Public/18886/3180740/8dc3fe85bd9929a6.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English


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Financials
Sales 2020 14 510 M 17 207 M 17 207 M
Net income 2020 570 M 676 M 676 M
Net cash 2020 2 350 M 2 787 M 2 787 M
P/E ratio 2020 49,0x
Yield 2020 0,70%
Capitalization 27 922 M 33 096 M 33 112 M
EV / Sales 2020 1,76x
EV / Sales 2021 1,71x
Nbr of Employees 25 865
Free-Float 99,4%
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Number of Analysts 23
Average target price 124,08 €
Last Close Price 142,58 €
Spread / Highest target 25,3%
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Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President