In connection with Vestas' publication of the Group's financial results, President and CEO Ditlev Engel is interviewed by different global media. View the latest interviews here.
Q1 2008, 8 May 2008
“Business International” by CNN International:
- Vestas maintains full expectations for 2008.
- Competition increases due to high potential in the wind industry.
- Wind can help to combat the energy, climate and water challenges in the world.
- Long-term political planning is vital for the proper development of the wind industry.
- In a world with continuously increasing oil prices, Vestas value proposition keeps becoming more attractive.
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© 2008 CNN International Business Video. All Rights Reserved.
“World Business Report” by BBC World:
- The US market is expanding fast. This growth is supported by the 25 States Renewable Portfolio Standards.
- Vestas expects that by the end of this year the PTC in the US will be extended for one year.
- Vestas comments on the challenges of the wind industry to meet the growing demand.
- Vestas announces the establishment of the world’s largest tower factory in Colorado, US.
- The Chinese market is one of the fastest growing markets. Vestas is to build a factory in Inner Mongolia.
- Over the last 3 years, Vestas has invested EUR 1.5 billion in organic growth.
- 2/3 of the energy consumed in Vestas comes from green energies.
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© 2008 BBC World Business Video. All Rights Reserved.
“Emerging Markets” by Bloomberg TV:
- Vestas’ earnings increase in the first quarter for 2008 is based on the growth experienced worldwide.
- Major growth drivers are: increasing oils prices, CO2 challenges and water related issues.
- Vestas’ offshore turbine is back on the market.
- In spite of the rising media coverage of offshore, onshore will still continue to drive the wind industry.
- Vestas is working closely with suppliers to reach the target of 10,000 MW by 2010.
- In 2007, China was Vestas’ third largest market. Today the company announced a new factory in Inner Mongolia.
- Vestas is to establish the world’s largest tower factory in the US.
- By the end of 2008, Vestas will have invested EUR 1.5 billion in organic growth.
- As Vestas’ worldwide revenues come in different currencies, the company reduces the impact of currency fluctuations.
- Raw material prices will continue to be a challenge for the industry.
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© 2008 Bloomberg TV Business Video. All Rights Reserved.
“Power Lunch” by CNBC Europe:
- In spite of fluctuations between quarters, Vestas maintains full year expectations for 2008.
- Vestas estimates a 25 per cent market share for 2008.
- Competition in the Chinese market is moving fast.
- China is becoming an even more important market for Vestas. Having already 7 factories in the country, a new factory is to be established in Inner Mongolia.
- In spite of the low dollar price, Vestas is to establish the world’s largest tower factory in the US.
- Sensing a different political view on modern energy in the US, Vestas is positive about the future development in the US market.
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© 2008 CNBC Europe Business Video. All Rights Reserved.
Annual Report 2007, 27 February 2008
"World Business Report" by BBC World:
- Being the third largest market after the US and Europe, competition in the Chinese market is increasing
- The Chinese Government has increased its renewable energy targets from 7 per cent to 15 per cent
- Over the past two and a half years, the number of Vestas employees in China has risen from 60 to 1,300 and Vestas production facilities have gone up to 10
- Vestas’ wind power technology is continuously improving
- Vestas is experiencing a global growth
- Five per cent of the current Vestas revenues come from service
© 2008 BBC World Business Video. All Rights Reserved.
"Squawk Box Europe" by CNBC:
- Sustainable growth will be maintained in the next years
- New companies are entering the industry
- Vestas has invested over EUR 1 billion into organic growth over the last 3 years
- Strong cooperation with suppliers in building up capacity and in developing the market
- Clear priority of Vestas’ objectives: earnings, first; networking capital, second; and market share, third
- High interest in the offshore business
- Increasing energy demand in the years to come, especially in emerging markets
© 2008 CNBC/Dow Jones Business Video. All Rights Reserved.
"Inside Business" by Bloomberg TV:
- Orders are coming in from different parts of the world, primarily from major utilities and major energy companies
- Vestas Q4 profit for 2007 rise 80 per cent on increased demand for turbines
- With oil prices exceeding USD 100, people will have to make other estimates of the future energy prices
- It is important that suppliers make money to ensure that they also invest in expanding their operations
- Vestas expands its activities outside the Eurozone
- The UK has excellent onshore wind opportunities
- Vestas has ramped up capacity in China and in the US in the last 3 years
© 2008 Bloomberg Business Video. All Rights Reserved.
Q3 2007, 6 November 2007"Squawk Box Europe" by CNBC:
- Vestas' outlook for 2007 and forecast for 2008
- Increasing competition in the wind industry
- Vestas' investment levels for 2008
- Vestas' employee bonus scheme for 2008
- Wind potential to become an energy source on par with oil and gas
- Vestas' focus on organic growth
© 2007 CNBC/Dow Jones Business Video. All Rights Reserved.
"Focus" by Bloomberg TV:
- Vestas' profit more than triples compared to last year
- Increasing performance of Vestas shares (193 per cent increase in the last 12 months)
- Drivers: Focus on wind energy, rising oil prices, CO2 discussion
- Vestas' implementation of Six Sigma to improve professionalism
- Wind power as modern energy
- Wind is today the most competitive energy of the so-called alternative energies
- A fund manager points out that the challenge lies within the ability to grow the supply chain to cope with demand; wind is today the scalable competitive offering technology; wind can help to meet the targets defined by governments
© 2007 Bloomberg Business Video. All Rights Reserved.
"World Business Report" by BBC World:
- Vestas' focus on increasing professionalism of the company and its suppliers
- Wind power as modern energy
- Potential for wind by 2020: To cover 10 per cent of the world's electricity consumption
- Wind competitiveness when oil prices are about USD 49 per barrel
- Long-term planning is needed to meet the EU objectives for 2020
- Advantages of wind power concerning water consumption and waste
- Vestas' global campaign about modern energy
© 2007 BBC World Business Video. All Rights Reserved.
Q2 2007, 21 August 2007
"World Business Report" by BBC World:
- Vestas’ technology improvements during the past years
- Wind competitiveness
- Wind as a Modern Energy
- Increasing global interest in wind energy
- Competition in the wind industry governmental initiatives taken around the world to support wind energy
© 2007 BBC World Business Video. All Rights Reserved.
"Worldwide Exchange" by CNBC:
- Vestas’ investments in 2007
- Vestas as the No. 1 in Modern Energy
- Vestas’ role as supplier of modern energy in different parts of the world
- Continuous increase in Vestas’ number of employees worldwide
- Main challenges going forward
© 2007 CNBC/Dow Jones Business Video. All Rights Reserved
"Morning News 3" by Bloomberg TV:
- General demand for wind turbines in the future
- Competition in the wind industry
- Expected EBIT for the end of the year
- Cooperation with our suppliers to keep up with the demand
- Most demanded turbine type
- Pricing power and Vestas' efficiency gain the future
- Forecast 2007 and goals for 2008
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© Bloomberg L.P. 2007. All rights reserved. Used with permission.
Q1 2007, 15 May 2007
"Business International" by CNN:
- Q1 result
- General demand for wind turbines going forward
- Critics to turbines
- Wind power’s role in the increasing demand for energy
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© 2007 CNN. All rights reserved. Usage of CNN material does not constitute an implied or expressed endorsement by CNN.
Bloomberg TV UK:
- Q1 EBIT and sales
- Full-year expectations
- Drivers for wind power
- Market share
- Consolidation within the industry
- Main challenges going forward
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© Bloomberg L.P. 2007. All rights reserved. Used with permission.
“Power Lunch” by CNBC Europe:
- Q1 EBIT – below financial analysts’ expectations
- Full-year expectations
- The general high interest in green issues
- Components shortage
Click to view the interview
© 2007 CNBC/Dow Jones Business Video. All Rights Reserved