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Stock impact report

RPT-FOCUS-Vestas bets on geared turbines to propel it to margin goal [Reuters (UK)]

General Electric Company (GE) 
Last general electric company earnings: 4/30 04:02 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
Company Research Source: Reuters
RPT-FOCUS-Vestas bets on geared turbines to propel it to margin goal | Reuters Reuters Staff 5 Min Read (Repeats story published late on Thursday) * Margin target of 9-11 pct for 2018 higher than expected * Danish firm counting on geared turbine focus - sources * Geared turbines cheaper than direct drive rivals - sources * Wind power industry facing severe cost pressures By Christoph Steitz FRANKFURT, Feb 8 (Reuters) - Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday. The world’s biggest turbine maker said it targeted a operating profit margin of 9-11 percent in 2018. While this represented a modest decline it was far higher than expected by analysts who forecast about 7-8 percent due to cost pressures in a wind power sector facing a drop in the government subsidies that have cradled it since the early 1990s. One of the main reasons Vestas expects to hit that goal, two sources clo Show less Read more
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