For full-year 2015, Vestas’ revenue amounted to € 8.4 billion, EBIT margin before special items was 10.2 per cent, total net investments was € 425 million, and the free cash flow amounted to € 1,047 million.
The wind turbine order intake increased from 6,544MW in 2014 to 8,943MW in 2015 and the value of the service order backlog increased by € 1.9 billion to € 8.9 billion. For 2016, Vestas expects revenue to amount to minimum € 9 billion including service revenue, which is expected to grow. Vestas expects to achieve an EBIT margin before special items of minimum 11 per cent with the service EBIT margin remaining stable. Total net investments are expected to amount to approx € 500 million (including the acquisition of Availon Holding GmbH), and the free cash flow is expected to be minimum € 600 million (also including the acquisition of Availon Holding GmbH) in 2016.
