Based on preliminary reporting, Vestas has upgraded its expectations for the company’s free cashflow for 2016.
Previously, the company predicted a minimum of EUR 1,000 million, which has now been raised to EUR 1,500 million to EUR 1,600 million. Vestas says the increase is driven primarily by a strong order intake.
The company says the numbers include last year’s acquisition of independent service provider Availon Holding GmbH and exclude investments in marketable securities.
Vestas plans to disclose its full annual report for 2016 on Feb. 8.