Based on the new operating model, the Board of Directors and the Executive Management are confident that Vestas will continue to lead the wind industry. Despite a harsh operating environment and risk of slowdowns in key markets, the improved efficiency and scalability of Vestas new business model give confidence that Vestas can operate profitably through an industry downturn.
In addition, Vestas has begun 2012 from a strong starting point: an order intake in 2011 of 7.4 GW, resulting in the largest order backlog ever. An employee satisfaction survey performed in Q4 2011 shows a very committed and motivated organisation and higher employee satisfaction than in the prior year. The quality of Vestas’ turbines is at an all-time high, with a Lost Production Factor of only 2 per cent thus securing continuous value-creation for Vestas’ customers. Further, Vestas’ commitment to delivering consistent high-quality customer services ensures strong service renewal rates, thereby supporting Vestas ambitions to grow the high-margin service segment.
Vestas will disclose its financial statements for the fiscal year 2011 on 8 February 2012 in Aarhus, Denmark, instead of as earlier announced London, UK and will in this connection comment further on the negotiations with the unions initiated today and their effects.
