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4-Traders Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  Vestas Wind Systems    VWS   DK0010268606

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Vestas Wind Systems : Statement from Vestas Wind Systems A/S

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03/30/2012 | 05:38pm CET

17:15 CET - 30 Mar. 2012

On Friday, March 30, a Vestas V112-3.0 MW turbine caught fire at the Gross Eilstorf wind farm in Lower Saxony, Germany. The turbine was working normally before the fire started. There were no injuries.

As of 15:00 CET, the fire is burning out under controlled conditions, as safe access to the turbine is impossible. Local firefighters and a fire inspector are on the scene, along with police and Vestas experts.

The turbine has been disconnected from the grid.

Three other nearby V112 turbines have been shut down as well for electrical safety reasons. There is, however, no risk for the other 13 V112 turbines at Gross Eilstorf that are still up and running.

It is not clear at this point why the fire started. A full investigation will be launched at the earliest possible opportunity, with initial assessments scheduled for tomorrow. An independent third party will assist in the investigation with Vestas and the customer.

The V112 is a new turbine model for Vestas and we have full confidence in its quality and performance. For safety reasons, we immediately reviewed our entire V112 fleet through our Global Vestas Performance and Diagnostics Center - which monitors the performance of over 20,000 wind turbines around the world - and the fleet is operating normally.

It is important to note that Vestas has over 46,000 turbines operating, and these types of accidents are very rare.

Once we have completed the root cause investigation, we will make the results known.

For more information, please contact:

Andrew Hilton

Director of Global Media Relations

Mobile +49 175 933 4397

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This press release was issued by Vestas Wind Systems A/S and was initially posted at http://www.vestas.com/en/media/news/news-display.aspx?action=3&NewsID=3042 . It was distributed, unedited and unaltered, by noodls on 2012-03-30 17:32:18 PM. The issuer is solely responsible for the accuracy of the information contained therein.

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EBIT 2017 1 280 M
Net income 2017 932 M
Finance 2017 3 110 M
Yield 2017 2,25%
P/E ratio 2017 13,13
P/E ratio 2018 13,56
EV / Sales 2017 0,90x
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Technical analysis trends VESTAS WIND SYSTEMS
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Average target price 67,2 €
Spread / Average Target 19%
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Anders Erik Runevad President & Chief Executive Officer
Bert Åke Stefan Nordberg Chairman
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Anders Jakob Vedel Chief Technology Officer & Executive VP
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