The quarter's shipments of 855 MW (2006: 777 MW), revenue of EUR 760m (2006:
EUR 715m) and a profit margin of 2.5 per cent (2006: 0.8 per cent) were as
expected. Improvements of Vestas' operations and the cooperation with the many
suppliers are progressing slowly and creates basis for continued profit
increase. The improved flow in production and especially the improved payment
conditions in relation to the customers have kept the net working capital at a
low level in spite of increased buffer stocks. The Board of Directors has
decided to establish a new option programme.
