Vestas Wind Systems A/S, the biggest wind turbine maker, may report its first quarterly profit in 2 1/2 years following a turnaround plan that aimed to reduce costs and slash 30 percent of its workforce.
Vestas Wind Systems A/S tomorrow plans to announce organizational changes that may cut thousands of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.
Vestas Wind Systems A/S, the world’s largest wind turbine maker, was the biggest loser on Copenhagen’s benchmark index today after Suzlon Energy Ltd. won an order some investors had expected the Danish firm to get.
A.P. Moeller-Maersk A/S rose to its highest in more than two weeks in Copenhagen after the sale of a stake in a ferry operator fueled speculation that Denmark’s biggest company will generate cash through further divestments.
Vestas Wind Systems A/S rose today the most among Copenhagen benchmark stocks after China’s plans to boost wind energy looked set to raise prices and creditors approved the world’s largest turbine maker’s lending facilities.