Vestas Raises Cash Flow Expectation

Business & Finance

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