Vestas decided to head-off market speculation regarding its banking convenants by publishing preliminary figures on 31 July. They showed a big upsurge in activity and revenues, and a second-quarter positive EBIT (before special items) of €40m ($49.9m) – turning around a first-quarter negative figure of €204m.
“They pre-announced so the focus will be on the detail, rather than the numbers themselves,” says Robert Clover, director of research at MAKE Consulting.
Clover
