The company reported Q4 15 and final 2015 results ending in December 2015. In Q4 15, order intake increased 18%, or by 414MW to 2,668MW. Revenues increased by 23% to €3.04bn due to higher volumes and a strong service business. Service revenues increased 19.6% to €311m and product revenues went up 23.1% to €2.7bn. The gross margin increased from 16.8% to 18.9%. EBIT jumped 66.1% to €450m and the EBIT margin improved from 11% to 14.8% in Q4 15. The EBIT margin of the product
09 Feb 2016
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Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
09 Feb 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q4 15 and final 2015 results ending in December 2015. In Q4 15, order intake increased 18%, or by 414MW to 2,668MW. Revenues increased by 23% to €3.04bn due to higher volumes and a strong service business. Service revenues increased 19.6% to €311m and product revenues went up 23.1% to €2.7bn. The gross margin increased from 16.8% to 18.9%. EBIT jumped 66.1% to €450m and the EBIT margin improved from 11% to 14.8% in Q4 15. The EBIT margin of the product