Interim financial report, H1
- Warranty provisions

 


In 2011, Vestas expects to make warranty provisions of less than 3 per cent of annual revenue. Provisions are made for all costs associated with turbine repairs, and any reimbursement is not offset unless a written agreement has been made with the supplier to that effect. Warranty provisions of EUR 29m in the second quarter, equivalent to 2.1 per cent of revenue, cover possible costs for remedy and other costs in accordance with specific agreements. Provisions are based on estimates, and actual costs may deviate substantially from such estimates.

2009.02.27