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RPT-Vestas CEO sees pick-up in wind turbine market

Published 08/18/2009, 04:09 AM
Updated 08/18/2009, 04:15 AM

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COPENHAGEN, Aug 18 (Reuters) - Danish wind turbine maker Vestas sees a pick-up in its markets after a very slow half year, Chief Executive Ditlev Engel said on Tuesday after the company posted second-quarter earnings.

"There is a pick-up in the market. No doubt the first half of 2009 has been very slow, but we are actually seeing that things are moving again now," Engel said on CNBC television.

"There is life out there even though you can't see it in the order backlog," Engel said.

The company posted weaker-than-expected operating profits for the second quarter on Tuesday but stuck to its full-year 2009 guidance, though many analysts expected a downgrade.

(Reporting by Teis Jensen; editing by John Stonestreet)

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