Wind OEM Vestas saw its shares rise today after increasing its estimates for 2017 free cash flow, citing a strong order intake.
The Danish wind group now expects 2017 free cash flow to come in between €1.15bn and €1.25bn ($1.38bn-1.5bn) excluding investments in marketable securities, compared to a previous forecast of €450m-900m.
Free cash flow – a key financial measure commonly used by investors to assess a company’s performance – is one of a small clutch of metrics Vestas uses to offer guidance to the markets.
