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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 : wins 409 MW order in Brazil

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08/28/2020 | 08:22am EDT

News release from Vestas Mediterranean
Madrid, 28 August 2020

Vestas has received a 409 MW order from the joint venture between Votorantim Energia and the Canadian fund CPP Investments for the projects Ventos do Piauí II and Ventos do Piauí III, in Serra do Inácio, in the state of Piauí, in Brazil.

The contract includes the supply and commissioning of V150-4.2 MW wind turbines, as well as a 20-year Active Output Management 5000 (AOM 5000) service agreements, designed to ensure optimised performance for the lifetime of the project.

Recently, Vestas announced it had surpassed 10 GW in firm order intake of V150-4.2 MW turbines globally and with this order Vestas has secured almost 3,5 GW of orders for the turbine variant in Brazil, underlining the V150-4.2 MW's excellent fit with the country's wind conditions.

Turbine delivery will begin in the second half of 2021 with commissioning scheduled for 2022.
For more information, please contact:
Irene Rodriguez Alvarez
Marketing Manager
Vestas Mediterranean
Tel.: +34628282352
Email: irral@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 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: https://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:

· 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-wins-409-mw-order-in-brazil,c3183432

https://mb.cision.com/Public/18886/3183432/a2b1e45d408c2704.pdf

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


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Financials
Sales 2020 14 510 M 17 047 M 17 047 M
Net income 2020 570 M 670 M 670 M
Net cash 2020 2 350 M 2 761 M 2 761 M
P/E ratio 2020 47,0x
Yield 2020 0,73%
Capitalization 26 753 M 31 486 M 31 432 M
EV / Sales 2020 1,68x
EV / Sales 2021 1,63x
Nbr of Employees 25 865
Free-Float 99,5%
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Mean consensus HOLD
Number of Analysts 23
Average target price 124,31 €
Last Close Price 136,62 €
Spread / Highest target 30,8%
Spread / Average Target -9,01%
Spread / Lowest Target -48,4%
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NameTitle
Henrik Andersen President & Group Chief Executive Officer
Anders Erik Runevad Chief Executive Officer
Bert Ňke Stefan Nordberg Chairman
Tommy Rahbek Nielsen Chief Operating Officer
Marika Fredriksson Chief Financial Officer & Executive Vice President