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Vestas generated third-quarter revenue of € 1.150 million (2006: € 842 million), achieving an EBIT of € 102m (2006: € 40m), thus lifting the EBIT margin from 4.8 per cent to 8.9 per cent over the past 12 months.

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Warranty provisions stand at 5 per cent. Vestas shipped 1,245MW during the quarter as against 1,060MW the year before, an increase of 17 per cent. The order backlog at 30 September 2007 amounted to € 4.1 billion, against € 3.1 billion in 2006. For 2007 revenue is expected to continue to increase to approx € 4.5 billion, and the EBIT margin is forecast at about 8 per cent on the back of warranty provisions of approx 5 per cent. Net working capital is expected to represent a maximum of 10 per cent of annual revenue, as compared with the previous maximum forecast of 15 per cent. Financial items are expected to amount to € (10-15) million, and the tax rate is forecast at 33 per cent. Investments for the year in property, plant and equipment and intangible assets are expected to be approximately € 300 million and approximately € 75 million, respectively.
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