Arab Today, arab today wind turbine maker vestas posts higher sales
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

Wind turbine maker Vestas posts higher sales

Arab Today, arab today

Arab Today, arab today Wind turbine maker Vestas posts higher sales

Copenhagen - AFP

Vestas, the world\'s top wind turbine maker, said Wednesday it was seeing the fruits of an extensive restructuring programme as it announced an annual loss but said quarterly sales were higher. The Danish company\'s net loss widened to 963 million euros ($1.3 billion) in 2012 from 166 million euros in the previous year as investments in green energy continued to suffer from economic uncertainty and government austerity drives. \"Based on Vestas\' declining earnings and a more conservative view of the future world market for wind turbines, we have recognised writedowns of more than 500 million euros,\" chairman Bert Nordberg said in a statement. At the end of 2011, Vestas said it would improve profitability by reducing costs, cutting investments and by using its production capacity more effectively. On Wednesday it said those measures were beginning to pay off, attributing a 23 percent revenue rise in the fourth quarter to its new business model, which it said would also prepare it for an even more challenging 2013. \"The fourth quarter of 2012 is important because that was when the initiatives we implemented started to materialise,\" chief executive Ditlev Engel said. Shares in the company were up 5.48 percent on the Copenhagen bourse, which at around 1100 GMT was 0.74 percent higher.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wind turbine maker vestas posts higher sales Arab Today, arab today wind turbine maker vestas posts higher sales

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wind turbine maker vestas posts higher sales Arab Today, arab today wind turbine maker vestas posts higher sales

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday