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Shares of wind turbine giant Vestas rip higher as order book hits fresh record

February 5, 2020

Turbine manufacturer Vestas Wind Systems logged record order levels in 2019 as well as a rise in profit and revenue.

Vestas posted an order intake — a measure of turbines placed on its order books — of more than 17 gigawatts (GW) last year, with revenue hitting 12.1 billion euros ($13.34 billion), up from 10.1 billion euros in 2018.

The Danish firm, which released its annual report Wednesday, said the fourth quarter of 2019 saw operating profit before special items reach 404 million euros, a 36% increase compared to the fourth quarter of 2018.

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