The company reported disappointing Q2 17 results. Total revenues declined 13.7% to €2.2bn and the deliveries in MW dropped 26.4% to 1,834MW. Total installed base reached 87.5GW including the deliveries. The gross profit dropped 22.1% to €484m and the gross margin declined from 24.3% to 21.9%. EBITDA dropped 25.6% to €389m and the EBITDA margin declined from 20.5% to 17.6%. Order intake, however, increased 37.5% to €2.2bn and in MW 49% to 2,667MW. The order backlog reached
17 Aug 2017
The project business drives volatility
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The project business drives volatility
Vestas Wind Systems A/S (0NMK:LON) | 0 0 0.0% | Mkt Cap: 150,935m
- Published:
17 Aug 2017 -
Author:
Heinz Steffen -
Pages:
3
The company reported disappointing Q2 17 results. Total revenues declined 13.7% to €2.2bn and the deliveries in MW dropped 26.4% to 1,834MW. Total installed base reached 87.5GW including the deliveries. The gross profit dropped 22.1% to €484m and the gross margin declined from 24.3% to 21.9%. EBITDA dropped 25.6% to €389m and the EBITDA margin declined from 20.5% to 17.6%. Order intake, however, increased 37.5% to €2.2bn and in MW 49% to 2,667MW. The order backlog reached