DONG Energy Beats Forecasts
Denmark's DONG Energy beat second-quarter profit forecasts on Thursday and said the start-up of more projects and a fall in construction costs would generate more cash, possibly making way for higher shareholder returns in coming years. DONG, the world's largest owner of offshore wind power, has a strategy of farming down, or selling off, large stakes in wind farms in order to invest the capital into new projects.
Vestas Beats Profit Expectations, Maintains Guidance
Profit boosted by U.S. sales and cost control; Shares up 3.7 pct. The world's biggest wind turbine maker Vestas posted better than expected first-quarter operating profit on Friday, citing higher sales and tight cost control while sticking to its full-year revenue and profit margin guidance. Deliveries were up nearly 30 percent year on year in the first quarter, with Chief Executive Anders Runevad pointing to a U.S. tax credit scheme that boosted orders last December.
Vestas Q2 Order Intake is Highest Since 2010
Danish wind turbine maker Vestas Wind Systems has reported its strongest quarter for five years in terms of order intake. The company secured orders totalling 2,467 megawatt during the second quarter. On Tuesday alone, the last day of the quarter, it announced orders of 570 MW. Analysts said Vestas had benefited from a wide range of products and a strong position in the U.S. market, the world's biggest.
Maersk Taking $1.7b Charge on Brazil Assets
Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country. The write-off affects two exploration areas, Itaipu and Wahoo…
