The company reported strong results. In Q4 16, the order intake jumped 70% to €4.5bn. The company experienced strong demand from Australia, the USA (mainly PTC orders), Germany and France. Revenues increased 9.2% to €3.3bn and EBIT improved 12% to €504m. The EBIT margin increased from 14.8% to 15.2%. Net income increased 15.1% to €343m. Product revenues grew 8% to €2.94bn and service revenues jumped 19.6% to €372m. The product EBIT margin increased from 13.9% to
09 Feb 2017
A record-breaking year
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A record-breaking year
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
09 Feb 2017 -
Author:
Heinz Steffen -
Pages:
2
The company reported strong results. In Q4 16, the order intake jumped 70% to €4.5bn. The company experienced strong demand from Australia, the USA (mainly PTC orders), Germany and France. Revenues increased 9.2% to €3.3bn and EBIT improved 12% to €504m. The EBIT margin increased from 14.8% to 15.2%. Net income increased 15.1% to €343m. Product revenues grew 8% to €2.94bn and service revenues jumped 19.6% to €372m. The product EBIT margin increased from 13.9% to