The company reported strong Q3 15 results. Revenues grew 16.9% to €2.12bn and EBIT jumped 49.7% to €232m. Service revenues increased 19.1% to €280m. The operating performance of the service business dropped 25.6% to €29m. The service EBIT margin declined from 16.6% to 10.4%. The decline was attributable to impairments and write-offs of around €19m. Revenues of the wind turbine division grew 16.6% to €1.84bn. Due to the high capacity utilisation rate, EBIT jumped
06 Nov 2015
Excellent Q3 15 results; guidance revised upwards
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Excellent Q3 15 results; guidance revised upwards
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
06 Nov 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported strong Q3 15 results. Revenues grew 16.9% to €2.12bn and EBIT jumped 49.7% to €232m. Service revenues increased 19.1% to €280m. The operating performance of the service business dropped 25.6% to €29m. The service EBIT margin declined from 16.6% to 10.4%. The decline was attributable to impairments and write-offs of around €19m. Revenues of the wind turbine division grew 16.6% to €1.84bn. Due to the high capacity utilisation rate, EBIT jumped