Vestas announces financial results for 2010

Vestas has announced its 2010 financial results, recording an order intake of 8,673MW that had a value of €8.6bn, corresponding to €1m per MW and signifying a 182 per cent year-over-year increase in order intake.

In 2010, Vestas reached its expected revenue, earnings and net working capital as per announcement of 22 November 2010.

After record-high deliveries of 2,557MW in the fourth quarter, the year’s total deliveries to customers in 2010 rose by 1,078MW to 5,842MW from 4,764MW in 2009.

The 36 per cent increase in revenue to €6.9bn is due to a 23 per cent increase in deliveries.