EARNINGS POLL-Vestas Q1 EBIT seen up at 46 mln euros
* Vestas first-quarter results * Due Tuesday, May 15
* EBIT seen jumping to 46 million euros ($62.40 million)
COPENHAGEN, May 9 (Reuters) - First quarter operating profit at Vestas , the world's biggest wind turbine maker, was expected to soar, a Reuters poll of 13 analysts showed on Wednesday.
The average estimate for earnings before interest and taxes (EBIT) was 46 million euros ($62 million) compared with 6 million in the corresponding period of 2006.
"The reason for Vestas' increase is mainly due to the increased market demand for wind turbines. Vestas is improving capacity use in the first quarter this year compared to previous years," said Jacob Pedersen, an analyst at Sydbank.
In March, Vestas forecast full-year sales of about 4.5 billion euros and an EBIT margin of 7 to 9 percent.
Vestas is due to release its first-quarter figures on Tuesday, May 15.
The following figures were compiled from data gathered for Reuters by Inquiry Financial Intelligence.
(Figures in millions of euros, except EPS and dividend in euros, Vestas' global market share in percent and total global demand and Vestas total volume in megawatts of power)
FIRST QUARTER
Mean Median High Low No. Yr ago Revenue (group) 909 909 981 800 12 715 EBIT (group) 46 46 68 22 12 6 Pre-tax profit 39 38 61 12 12 -5 Net profit 28 27 44 9 12 -3 EPS 0.15 0.15 0.24 0.05 12 -0.02 FULL YEAR 2007 Mean Median High Low No. Yr ago Revenue (group) 4,598 4,610 4,671 4,500 13 3,854 EBIT (group) 369 374 396 317 13 201 Pre-tax profit 333 336 357 298 13 161 Net profit 228 239 254 111 13 111 EPS 1.23 1.29 1.37 0.60 13 0.61 FULL YEAR 2008 Mean Median High Low No. Revenue (group) 5,370 5,350 5,665 5,175 12 EBIT (group) 568 565 643 501 12 Pre-tax profit 526 521 608 425 12 Net profit 365 375 426 209 12 EPS 1.97 2.02 2.30 1.13 12
The following banks provided the estimates: CA Cheuvreux, Dansk Aktie Analyse, Danske Bank, Dresdner Kleinwort, Goldman Sachs, Gudme Raaschou, Handelsbanken Capital Markets, JP Morgan, Jyske Bank, Merrill Lynch, SEB Enskilda, SP Equity Research and Sydbank.