Vestas May Cut 2015 Targets After Reduction to Annual Forecasts
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Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, may reduce earnings and margins targets for 2015 under its so-called “Triple15” plan after slashing annual forecasts three times in two years.
The Danish manufacturer today is due to publish full third-quarter earnings after making a surprise announcement of unaudited figures on Oct. 30, when it reduced full-year revenue and margin forecasts for the third time in 21 months. It also will give an “update” on Triple15 plans, said Vestas spokesman Michael Holm, who declined to be more specific.