The view of Group President & CEO Anders Runevad : “This has been a historically strong first quarter on revenue, margins, order intake, and return on invested capital. The first quarter results reaffirm that Vestas is making good progress toward achieving its profitable growth objectives and that we are in a very strong position in an otherwise highly competitive industry.”
Record-high Q1 order intake
Order intake in the quarter 1,750 MW.
Highest combined order backlog ever
Wind turbine and service order backlog of EUR 15bn.
Return on invested capital (ROIC) at highest level ever
ROIC increased to 44 percent (TTM).
Earnings improved – highest Q1 ever
EBIT margin before special items at 5.2 percent – up 2.1 percentage points compared to Q1 2014.
Guidance for 2015 has been increased based on higher than expected order intake year to date, greater visibility for the year, and USD exchange rate development.