Vestas: Orders will continue to perform strongly, buy – Danish – Dagens Industri

Vestas: Orders will continue to perform strongly, buy – Danske

                  2015-04-07 09:19
             

 (SIX) The record high order intake during the first quarter of  Vestas provides support to share and Danske Bank believes that the development  will continue in the future.       According to the Tuesday morning letter.       Vestas announced orders totaling 1,332 megawatts during the first  quarter, of which 38 percent came from Brazil and China. "This is  positive as Vestas wants to penetrate these emerging markets. We assess  to the increasing demand for electricity in these regions will  Vestas drive long-term growth, "writes the bank.       Danske Bank expects that earnings will continue to increase  2015-2016.       "We maintain our Buy recommendation and our price target of 355 Danish  SEK, which is based on a discount to their comparison groups on  15 percent on EV / EBITDA 2015-2017E, "argues the bank.      Joakim Johansson, +46 31 350 64 84  mailto: joakim.johansson@six-group.se  www.blogg.six.seSIXNews  SIX News