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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 : ' secures new auction win in Italy

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09/30/2020 | 03:37am EDT

News release from Vestas Mediterranean
Madrid, 30 September 2020

Vestas has secured a 28 MW order from the AM Energie Rinnovabili for the Serra del Vento project, located in the Palermo province. The order includes the supply and installation of eight V136-3.45 MW wind turbines as well as a 20-year Active Output Management 5000 (AOM 5000) service agreement.

This order adds to the more than 1.1 GW of contracts signed by Vestas in Italy's auction system, which showcases the company's ability to support customers in submitting winning auction bids. The order also reinforces Vestas' leadership in the country's wind energy sector, where it has installed more than 4.3 GW since 1991, accounting for a 40 percent market share.

"I would like to thank AM Energie Rinnovabili for placing their trust in Vestas' technology for the first time. Our cutting-edge technology together with our long term service offering provides a highly competitive levelised cost of energy. This LCoE allows our customers to optimise their business case certainty, which is key to successfully compete in the auctions", says Vestas Vice President of Sales Region South Europe and Turkey, Rainer Karan

Turbine delivery will begin in the first quarter of 2021 with commissioning scheduled for the the second quarter of the same year.
For more information, please contact:
Andrés Domínguez
Communications Consultant Vestas Mediterranean
M +34 649294007
Email: andms@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.
For updated Vestas photographs and videos, please visit our media images page on: www.vestas.com/en/media/images
We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

 
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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--secures-new-auction-win-in-italy,c3205421

https://mb.cision.com/Public/18886/3205421/a4ffdb0484f0b2fa.pdf

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


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Financials
Sales 2020 14 510 M 17 210 M 17 210 M
Net income 2020 570 M 676 M 676 M
Net cash 2020 2 350 M 2 788 M 2 788 M
P/E ratio 2020 49,0x
Yield 2020 0,70%
Capitalization 27 922 M 33 096 M 33 118 M
EV / Sales 2020 1,76x
EV / Sales 2021 1,71x
Nbr of Employees 25 865
Free-Float 99,4%
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Mean consensus HOLD
Number of Analysts 23
Average target price 124,08 €
Last Close Price 142,58 €
Spread / Highest target 25,3%
Spread / Average Target -13,0%
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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