Vestas Wind Systems, Quarterly information - 1st Quarter 2003

Vestas continues to have positive expectations for the global market for wind power for 2003. The expectations for 2003 are based on firm and unconditional orders, a number of conditional orders and planned projects. The development in exchange rates since the beginning of March 2003 has resulted in a sharpening of competition, especially in the United States. In summary, current expectations for 2003 are a turnover of bnEUR 1.7-1.8 and an EBIT margin of approximately 7 per cent.