Consensus 2011

Collected February 2012 *) (mEUR)	Revenue 2011	Revenue 2012	Revenue 2013	EBIT 2011	EBIT 2012	EBIT 2013
Maximum	6,368	8,691	7,906	184	608	530
Median	6,002	7,283	6,977	1	388	378
Average	6,024	7,288	6,863	10	388	367
Minimum	5,949	6,195	5,793	-8	134	225
Diff between max and min	419	2,496	2,113	192	474	305
Guidance for 2011	6,000			0

 

 

 

 

 

*) Collected among the following analysts: Alm Brand, BPI, Bryan, Garnier & Co., Carnegie, Citigroup, Credit Suisse, DnB NOR Markets, Exane BNP Paribas, Goldman Sachs, Handelsbanken, HSBC, ING, JP Morgan, Jyske bank, Morgan Stanley, Nordea, Nykredit Markets, Redburn, Sanford C. Bernstein, SEB Enskilda, Simmons, Standard & Poor's, Sydbank, UBS

 

Collected November 2011 (mEUR)	Revenue 2011	Revenue 2012	Revenue 2013	EBIT 2011	EBIT 2012	EBIT 2013
Maximum	7,080	8,522	9,812	809	987	822
Median	6,731	7,258	7,561	310	497	537
Average	6,643	7,306	7,601	365	530	550
Minimum	6,250	6,429	5,944	153	295	216
Diff between max and min	830	2,093	3,868	656	692	606
Guidance for 2011	6,400			256

 

Collected August 2011 (mEUR)	Revenue 2011	Revenue 2012	Revenue 2013	EBIT 2011	EBIT 2012	EBIT 2013
Maximum	7,980	9,160	9,764	957	1,167	944
Median	6,816	7,443	8,051	463	544	624
Average	6,889	7,495	8,039	477	581	634
Minimum	6,054	6,746	6,285	151	170	274
Diff between max and min	1,926	2,414	3,479	806	997	670
Guidance for 2011	7,000			490

 

 

 

 

 

 

Collected April 2011 (mEUR)	Revenue 2011	Revenue 2012	Revenue 2013	EBIT 2011	EBIT 2012	EBIT 2013
Maximum	7,980	9,301	9,828	957	1,167	944
Median	6,993	7,667	8,400	490	612	709
Average	6,959	7,671	8,429	511	643	699
Minimum	6,435	6,813	6997	261	389	476
Diff between max and min	1,545	2,488	2,831	696	778	468
Guidance for 2011	7,000			490

 

 

 

 

The following banks cover the Vestas share

• Alm. Brand Markets, Denmark
• Bank of America Merrill Lynch, UK
• Barclays Capital, UK
• BPI, Portugal
• Bryan Garnier & Co., UK
• Carnegie, Denmark
• Citigroup, UK
• Commerzbank, Germany
• Credit Suisse, UK
• Danske Markets Equities, Denmark
• DnB NOR Markets, Norway
• Exane BNP Paribas, France
• Execution Limited, UK
• Gleacher & Company, USA
• Goldman Sachs, UK
• Handelsbanken, Denmark
• HSBC, UK
• ING, Belgium
• JPMorgan, UK
• Jyske Bank, Denmark
• Macquarie, UK
• Morgan Stanley, UK
• Nordea Markets, Denmark
• NORD/LB, Germany
• Nykredit Markets, Denmark
• Redburn Partners, UK
• Sanford C. Bernstein Limited, UK
• SEB Enskilda, Denmark
• Silvia Quandt Research, Germany
• Simmons & Co. Int., USA
• Standard & Poor's, UK
• Sydbank, Denmark
• UBS, Switzerland
• UniCredit Research, UK