VESTAS LOWERS PROFIT GUIDANCE

DANISH wind turbine manufacturer Vestas reported a loss for the third quarter and warned yesterday that full-year 2011 profits and revenues would be lower than forecast due to a delay in commissioning a plant in Germany. Vestas cut its guidance for 2011 revenues to about €6.4bn (£5.6bn) from an earlier forecast of €7bn and lowered its projection for its operating profit margin to about four per cent from an earlier forecast of seven per cent.