The company reported Q1 16 results. Revenues declined 3.6% to €1.46bn primarily due to lower MW deliveries for the project division. Service revenues increased disproportionately by 17.3% to €299m, whereas product revenues declined 7.8% to €1.17bn. Order intake jumped 37.3% to 2,403MW and 25% from €1.6bn to €2bn. Order intake per MW declined by 9%. Total order backlog increased by 20% or €3bn to €18bn, mainly driven by the service business. The order backlog
29 Apr 2016
Order intake and service business are key performance indicators
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Order intake and service business are key performance indicators
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
29 Apr 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q1 16 results. Revenues declined 3.6% to €1.46bn primarily due to lower MW deliveries for the project division. Service revenues increased disproportionately by 17.3% to €299m, whereas product revenues declined 7.8% to €1.17bn. Order intake jumped 37.3% to 2,403MW and 25% from €1.6bn to €2bn. Order intake per MW declined by 9%. Total order backlog increased by 20% or €3bn to €18bn, mainly driven by the service business. The order backlog