The company’s shares were trading almost 15% higher in Copenhagen at levels not seen since 2011 as Vestas posted an improved pre-tax profit and raised its Ebit margin and free cash flow estimates for the year.

Its  third-quarter results gave new CEO Anders Runevad a smoother debut in front of the media and financial analysts than many of the Q&A sessions run by his predecessor Ditlev Engel, who Runevad replaced in August.

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