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Vestas raises free cash flow expectations for 2018

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Vestas raises free cash flow expectations for 2018

Vestas Wind Systems A/S increased its 2018 free cash flow expectations to 400 million from its previous expectations of a minimum of €100 million.

The move was primarily driven by a strong order intake, according to a Jan. 9 news release.

In a separate statement, the company said that in late 2018, it has achieved 100 GW of installed wind turbines, representing 66,000 installed turbines in about 80 countries.

Vestas plans to release its annual report for 2018 on Feb. 7.