By its own admission 2010 was a tough year for Vestas. Two people employed by the company's business partners were killed in industrial accidents, a profit warning was issued and almost 3000 of its staff were made redundant in response to a shaifting global market. In addition, a change in accounting procedures caused uncertainty, the outlook for 2011 was a disappointment, and its share price was down by almost 50% in the warmest year on record for more than 100 years. The company made no bones about its financial shortcomings in 2010, with the details laid bare in the opening statement of its annual report. (For more on Vestas' announcement of staff layoffs see: http://www. renewableenergyworld.com/reaews/article/2011 /02/wind-power-crisis-what-crisis).
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