Vestas Wind Rises Most in Month After Sales Beat Estimates
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Vestas Wind Systems A/S gained the most in more than a month in Copenhagen after sales beat estimates and the world’s biggest wind turbine maker generated cash in the fourth quarter after three quarters of outflows.
Sales rose 25 percent to 2.5 billion euros ($3.4 billion) from 2 billion euros in the fourth quarter of 2011, Vestas said today in its annual report. Analysts had predicted 2.3 billion euros of revenue, according to the average of 14 estimates on Bloomberg. Vestas generated 416 million euros of free cash in the period, allowing it to cut net debt by 387 million euros.