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Vestas updates its expectations for a Group turnover in 2005 to approximately € 3.4 billion. The expected EBIT margin is reduced from approximately plus 4 per cent to approximately minus 3 per cent in response to continued severe component shortages, additional warranty provisions, revised product development plans, cost overruns on US projects, and adverse changes in the mix of margins of turbines for delivery in 2005. Vestas expects to reach a turnover in 2006 in the range of € 3.6-3.8 billion and an EBIT margin in the range of plus 4-7 per cent.
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