The company reported strong Q1 17 results. Revenues jumped 28.8% to €1.88bn. EBIT increased from €85m to €211m and the EBIT margin improved from 5.8% to 11.2%. Order intake, however, declined 14.7% to €2.05bn. The first quarter 2016 profited from a large 1GW order from Norway. Order intake was driven by strong demand from the USA followed by Germany and China. Total order backlog including the service order backlog of €11bn increased 11.1% to €20bn. Management co
08 May 2017
Excellent performance in Q1 17
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Excellent performance in Q1 17
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
08 May 2017 -
Author:
Heinz Steffen -
Pages:
2
The company reported strong Q1 17 results. Revenues jumped 28.8% to €1.88bn. EBIT increased from €85m to €211m and the EBIT margin improved from 5.8% to 11.2%. Order intake, however, declined 14.7% to €2.05bn. The first quarter 2016 profited from a large 1GW order from Norway. Order intake was driven by strong demand from the USA followed by Germany and China. Total order backlog including the service order backlog of €11bn increased 11.1% to €20bn. Management co