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

GENERAL ELECTRIC (GE)  More Company Research Source: Reuters
Last general electric earnings: 4/23 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ge.com/investor-relations/overview
PDF 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 [Read more]

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