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Vestas Wind Systems A/S (VWS.CO)

VWS.CO on Copenhagen Stock Exchange

426.90DKK
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Thu, Feb 15 2018

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Chasing Vestas, Siemens Gamesa targets $2.5 billion in cost cuts

MADRID/FRANKFURT The world's No. 2 maker of wind turbines, Siemens Gamesa , flagged 2 billion euros (1.78 billion pounds) in cost cuts by 2020, hoping to close a margin gap with bigger rival Vestas .

UPDATE 2-Chasing Vestas, Siemens Gamesa targets $2.5 bln in cost cuts

* Shares up 2.4 pct (Recasts, adds CEO comment, details on strategy)

Siemens Gamesa to cut costs by 2 billion euros by 2020

MADRID/FRANKFURT Siemens Gamesa, the world's No.2 maker of wind turbines on Thursday it would reduce costs by about 2 billion euros (£1.78 billion) by 2020, hoping this will help it narrow a margin gap with larger rival Vestas.

RPT-FOCUS-Vestas bets on geared turbines to propel it to margin goal

FRANKFURT, Feb 8 Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday.

FOCUS-Vestas bets on geared turbines to propel it to margin goal

FRANKFURT, Feb 8 Vestas is betting on geared wind turbine technology to meet the ambitious profit-margin target it promised when it reported quarterly results on Wednesday.

UPDATE 2-Wind turbine maker Vestas eases worries about lower margins

* Shares rise as much as 7 pct; analysts had feared worse (Adds CEO, updates share price)

BRIEF-Vestas To Acquire Utopus Insights For An Acquisition Price Of About $100 Million

* VESTAS TO ACQUIRE UTOPUS INSIGHTS, A LEADING ENERGY ANALYTICS AND DIGITAL SOLUTIONS COMPANY

Sailing: Vestas withdraws from Volvo Ocean fourth leg after fatal collision

Vestas 11th Hour Racing withdrew from the fourth leg of the Volvo Ocean Race on Saturday after a fatal collision with a fishing boat on the approach to Hong Kong.

BRIEF-Vestas Receives First V116-2.0 Mw Order‍​

* - CO WILL SUPPLY THE WIND TURBINES AS WELL AS SERVICE THE PROJECT VIA A FIVE-YEAR ACTIVE OUTPUT MANAGEMENT 5000 (AOM 5000) SERVICE AGREEMENT.‍​

BRIEF-Vestas To Extend Wind Park In Argentina With 50 MW‍​

* TURBINE DELIVERY IS PLANNED FOR THE SECOND QUARTER OF 2018, WHILE COMMISSIONING IS EXPECTED FOR THE FIRST QUARTER OF 2019‍​

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