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Vestas continued to improve its performance in 2007. Revenue increased by € 1,007 million to € 4,861 million.

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EBIT improved by € 242 million to € 443 million (EBIT margin: 9.1 per cent) from € 201 million (5.2 per cent) in 2006. Net working capital declined over the course of the year by € 190 million to € (68) million at 31 December, contributing to a € 103 million improvement in cash flows from operations, which rose to € 701 million.

Outlook for 2008
Revenue is forecast to rise to € 5.7 billion, and EBIT margin is expected to increase to 10-12 per cent. Net financial items are expected to remain unchanged at € 0, and the tax rate will fall to approx 28 per cent. Total investments are expected to amount to € 620 million, and net working capital will not exceed 15 per cent. Vestas expects to increase its market share to approximately 25 per cent.
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