Wind turbine maker's profits soar

Vestas, the world's largest wind turbine maker, has reported a big
jump in quarterly profits after increasing deliveries of turbines.
Net profit for July to September came in at 165 m euros ($246 m; £150
m), up 70 % on the 97 m euros recorded a year ago. Revenue rose to
1.81 bn euros from 1.76 bn euros a year ago. Vestas workers staged a
sit-in protest at its site in the Isle of Wight this summer, after
the firm shut the factory there with the loss of 425 jobs. Improving
prospects Vestas also reiterated its full-year sales forecast on
expectations of further new orders. It added that "market prospects
are beginning to improve". The results were better than analysts had
expected and shares in Vestas rose 8.5 % in Frankfurt. "Both the
third quarter and their expectations are extremely positive," said
Christian Nagstrup at Jyske Bank.