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Outlook 2016

Revenue is expected to range between EUR 10bn and EUR 10.5bn including service revenue, which is expected to grow. Vestas expects to achieve an EBIT margin before special items of 13-14 percent with the service EBIT margin remaining stable.

Total investments are expected to amount to approx EUR 600m (incl. the acquisition of Availon Holding GmbH and excl. investments in marketable securities), and the free cash flow is expected to be minimum EUR 1,000m (incl. the acquisition of Availon Holding GmbH and excl. Investments in marketable securities) in 2016.

Outlook 2016

- Revenue (bnEUR) 10-10.5*) ***)
- EBIT margin before special items (%) 13-14*) ***)
- Total Investments**) (mEUR) approx 600 ***)
- Free cash flow**) (mEUR) min. 1,000*) ***)

The Outlook for 2016 is subject to exchange rate movements.

*) 18 August 2016, updated guidance: – Previously an expected revenue of min. EUR 9.0bn, EBIT margin before special items of min. 11 percent, and free cash flow of min. EUR 600m.
**) incl. the acquisition of Availon Holding GmbH and excl. Investments in marketable securities.
***) 8 November 2016, updated guidance: – Previously an expected revenue of min. EUR 9.5bn, EBIT margin before special items of min. 12.5 percent, total investments of approx EUR 500m, and free cash flow of min. EUR 800m.

 

Financial reports

Vestas publishes its financial results four times a year through one annual report and three quarterly reports. The reports are published in English and are available for download via links below. You can see the dates for upcoming reports in the financial calendar. On the day of the disclosure, Vestas will host an earnings call/ live audiocast with a presentation of the results. 

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    Financial reports 2016

     

    Online version

    Download pdf

    Audiocast

    First quarter 2016
    29 April 2016

    Link

    Interim financial report
    Investor presentation
    Track record
    Link
    Second quarter 2016
    18 August 2016 
    Link Interim financial report
    Investor presentation 
    Shareholder information
    Link

    Third quarter 2016
    8 November 2016 

    Link  Interim financial report
    Investor presentation
    Link 

    Financial reports 2015

       Online version  Download pdf Audiocast
    First quarter 2015
    6 May 2015
     Link  Interim financial report
     Presentation
     Link
    Second quarter 2015
    19 August 2015
     Link  Interim financial report
     Presentation
     Track record
     Shareholder information
     Link
    Third quarter 2015
    5 November 2015
     Link  Interim financial report
     Presentation
     Link
    Annual report 2015
    9 February 2016
     Link

     Annual report
     Presentation
     Company annoncement (incl. Q4 figures)
     Track record
     Shareholder information

     Link

    Financial reports 2014

       Online version  Download pdf  Webcast
    First quarter 2014
    9 May 2014
     Link  Interim financial report
     Investor presentation
     Link
    Second quarter 2014
    20 August 2014
     Link  Interim financial report
     Shareholder information 
     Investor presentation
     Link
    Third quarter 2014
    7 November 2014
     Link  Interim financial report
     Investor presentation
     Link 
    Annual report 2014
    11 February 2015 
     Link

     Annual report
     Company announcement
     Shareholder information
     Investor presentation
     Track record

     Link

     

    Financial reports 2013

       Download pdf Webcast
    First quarter 2013
    8 May 2013
     Interim financial report
     Investor presentation
     Link
    Second quarter 2013
    21 August 2013
     Interim financial report
     Investor presentation
     Shareholder information
     Track record
     Link
    Third quarter 2013
    6 November 2013
     Interim financial report
     Investor presentation
     Link
    Annual report 2013
    3 February 2014 
     Annual report
     Company announcement
     Shareholder information
     Investor presentation
     Track record
     Link

    Financial reports 2012

       Download pdf  Webcast
    First quarter 2012
    2 May 2012
     Interim financial report
     Investor presentation
     Link
    Second quarter 2012
    22 August 2012
     Interim financial report
     Shareholder information
     Investor presentation
     Track record
     Link
    Third quarter 2012
    7 November 2012
     Interim financial report
     Investor presentation
     Link
    Annual report 2012
    6 February 2013 
     Annual report
     Company announcement
     Shareholder information
     Investor presentation
     Track record
     Link

     

    Archive

     

     Financial reports 2011     Download pdf Webcast
     First quarter 2011
     
     Interim financial report
     Presentation

     Link

     Second quarter 2011
     
     Interim financial report
     Investor presentation
     Track record
     Link
     Third quarter 2011
     
     Interim financial report
     Investor presentation
     Link
     Annual report 2011

     Annual report
     Company announcement
     Investor presentation
     Track record

     Link

     Financial reports 2010   

     Download pdf Webcast
     First quarter 2010
     
     Interim financial report
     Presentation
     Link
     Second quarter 2010
     
     Interim financial report
     Investor presentation
     Track record
     Link
     Third quarter 2010
     
     Interim financial report
     Investor presentation
     Link
     Annual report 2010
     Annual report
     Investor presentation
     Track record
     CSR report
     Link

     

     Financial reports 2009  Download pdf
     First quarter 2009  Interim financial report
     Second quarter 2009  Interim financial report
     Third quarter 2009  Interim financial report
     Annual report 2009  Annual report

     

     Financial reports 2008  Download pdf
     First quarter 2008  Interim financial report
     Second quarter 2008  Interim financial report
     Third quarter 2008  Interim financial report
     Annual report 2008  Annual report

     

     Financial reports 2007  Download pdf
     First quarter 2007  Interim financial report
     Second quarter 2007  Interim financial report
     Third quarter 2007  Interim financial report
     Annual report 2007  Annual report

     

     Financial reports 2006  Download pdf
     First quarter 2006  Interim financial report
     Second quarter 2006  Interim financial report
     Third quarter 2006  Interim financial report
     Annual report 2006  Annual report

     

     Financial reports 2005  Download pdf
     First quarter 2005  Interim financial report
     Second quarter 2005  Interim financial report
     Third quarter 2005  Interim financial report
     Annual report 2005  Annual report