In Q2 16, revenues jumped 46.2% to €2.56bn. Order intake dropped 40.7% from 3,018MW to 1,790MW. Order backlog of wind turbines declined by 6.8% to €8.2bn. The service order backlog, however, jumped 22.2% to €9.9bn. The company produced and shipped 2,902MW (+45.8%) and delivered 2,491MW (+55.6%). EBIT skyrocketed 175.2% to €399m and the EBIT margin increased from 8.3% to 15.6%. Net profit rose 122.4% to €278m. In the first half year, revenues increase 23% to €4.02
19 Aug 2016
Strong performance – guidance increased!
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong performance – guidance increased!
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
19 Aug 2016 -
Author:
Heinz Steffen -
Pages:
2
In Q2 16, revenues jumped 46.2% to €2.56bn. Order intake dropped 40.7% from 3,018MW to 1,790MW. Order backlog of wind turbines declined by 6.8% to €8.2bn. The service order backlog, however, jumped 22.2% to €9.9bn. The company produced and shipped 2,902MW (+45.8%) and delivered 2,491MW (+55.6%). EBIT skyrocketed 175.2% to €399m and the EBIT margin increased from 8.3% to 15.6%. Net profit rose 122.4% to €278m. In the first half year, revenues increase 23% to €4.02