Vestas generated in the third-quarter 2009 revenue of € 1,814 million, an increase of 3 per cent and recorded an EBIT increase of 53 per cent to € 244 million relative to Q3 2008.
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Net working capital stood at 15 per cent of expected annual revenue, against (1) per cent the year before. The order backlog of firm and unconditional orders amounted to € 3.5 billion at the end of September 2009. At 30 September 2009, Vestas had net interest-bearing debt of € 61 million on total assets of € 6,133 million. For 2009, Vestas still expects an EBIT margin of 11-13 per cent and revenue of € 7.2 billion. Net working capital is expected to amount to 10-20 per cent. In 2010, Vestas expects to achieve an EBIT margin of 10-12 per cent and revenue of € 7-8 billion. Vestas expects to achieve an EBIT margin of 15 per cent and revenue of € 15 billion not later than 2015.
