Eyes on Runevad as Vestas revives

All eyes will be on Vestas CEO Anders Runevad tomorrow, when he is expected to give his first detailed view of his future strategic vision for the manufacturer – likely against the welcome background of a quarterly profit.

Vestas is on course to unveil a return to the black for its fourth quarter of 2013 tomorrow, according to financial analysts, with the market keen to hear some insights into Runevad’s plans.

Vestas is expected by analysts to post a fourth-quarter net profit in the region of €159m ($215m), turning around a run of quarterly negatives stretching back more than two years.

Runevad, who took over  from previous CEO Ditlev Enegel in August last year, has at previous set-piece announcements insisted he remains focused on seeing through Vestas’s turnaround strategy, but indicated that he would look to Log in to read complete article.

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