Based on preliminary reports, Vestas had upgraded the expectations for the 2017 free cash flow. The new goal is set at €1,150 million to €1,250 million compared to the previous expectation of €450 million to €900 million.
However, the estimate is based on preliminary reporting and does not include investments in marketable securities, the wind-turbine manufacturer notes.
According to Vestas, the improvement is primarily driven by a strong order intake. The company’s total order intake for 2017 reached 10,022 MW based on announced orders in all four quarters of 2017.
The annual report for 2017 will be disclosed on February 7, 2018.