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Vestas's EBIT rose by 28 per cent to € 856 million in 2009, consistent with the “mid-point” guidance. The EBIT margin rose to 12.9 per cent.
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Revenue increased by 10 per cent to€ 6.6 billion, which was less than expected. Forecast for 2010 narrowed; due to late order intake, Vestas now expects to achieve an EBIT margin of 10-11 per cent and revenue of € 7 billion. The far majority of revenue, and especially profit will to be generated in the second half of 2010. The inflow of firm and unconditional orders is expected to rise to 8,000-9,000MW in 2010 from 3,072MW in 2009, 6,019MW in 2008 and 5,613MW in 2007. The value of the backlog of firm and unconditional orders amounted to € 2.2 billion at 31 December 2009.
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