In the second quarter of 2015, Vestas generated revenue of € 1,749 million – an increase of 30 per cent compared to the year-earlier period. EBIT before special items increased by € 41 million to € 145 million.
The EBIT margin before special items was 8.3 per cent and the free cash flow increased by € 204 million to € 183 million compared to the second quarter of 2014. The intake of firm and unconditional wind turbine orders amounted to 3,018 MW in the second quarter of 2015. The value of the wind turbine order backlog amounted to € 8.8 billion at 30 June 2015. In addition to the wind turbine order backlog, Vestas had service agreements with contractual future revenue of € 8.1 billion at the end of June 2015. Thus, the value of the combined backlog of wind turbine orders and service agreements stood at € 16.9 billion – an increase of € 3.0 billion compared to the year-earlier period. Vestas maintains its full-year guidance of revenue of minimum € 7.5 billion, an EBIT margin before special items of minimum 8.5 per cent, total investments of approx € 350 million, and free cash flow of minimum € 600 million.
