LM Wind Power
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Annual report2013

Leo Schot

Leo Schot

Chief Executive Officer

Confronting theheadwindsandbuildingfor the future

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In 2013 the whole wind energy sector faced strong economic and political headwinds. LM Wind Power, along with its customers, was no exception. However, tough cost containment and cash management measures maintained the company’s profitability and improved its cash generation.



Note to Readers:
Before closing the 2013 financial year, the company initiated a refinancing process, successfully completing a tender to raise EUR 130 million through issue of a high yield bond. As the issuer of the bond, LM Group Holding A/S is the entity required to report the financial results and in future, it will do so at fixed intervals. Therefore, the annual results will be published by LM Group Holding A/S in the 2013 report and in future.