Eurowind, Wind Estate set up EUR-400m wind JV in Denmark
Sep 18, 2024 11:01 CESTto-the-point: Vestas not ruling out extra dividend, buyback - report
Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) could use part of its cash pile of EUR 1.7 billion (USD 1.9bn) for a share buyback or an extra dividend payment, Bloomberg reported on Tuesday.
In 2014 Vestas returned to profit and proposed its first dividend in 12 years. The company's chief executive, Anders Runevad, told the news provider in an interview that a strong balance sheet was important in the industry.
Runevad further said that major acquisitions were not in the company's current plans. The focus is on organic growth.
(EUR 1.0 = USD 1.137)
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