Vestas Wind Systems, Strategic plan of action 2005 - 2008

Vestas has approved a 3-year strategy plan for strengthening the Group’s earnings and business potential. Vestas’ long-term target for the EBIT-margin of 10 per cent is to be achieved in 2008 by simplifying the management structure, improving efficiency and product quality, and reducing staff. Group Executive Vice Presidents Mr. Jens Anders Jensen, Mr. Knud Andersen and Mr. Mogens Filtenborg will resign from their positions. The Group’s outlook for 2005 is maintained.