Vestas Raises Cash Flow Expectation

Danish wind turbine manufacturer, Vestas, has upgraded its free cash flow expectation to EUR 850 million. 

According to the company, the previous expectation of  EUR 400-700 million was changed based on preliminary report.

“The improvement is primarily driven by a better-than-expected development of the net working capital,” the company stated.

The company will disclose the annual report for 2014 on 11 February 2015.

Offshore WIND Staff; Image: vestas