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Vestas Win
CompVesta RandersInterim fCompanPage 1 o Interim fOutlook Summarfirst half EBIT maEUR (49orders wJune 20injuries ohalf-year2011 hacash flowmacro-eorders o H1 2011 + 38%
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pany annas Wind S
s, 17 August inancial repo
ny announcemof 33
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ry: Vestas geof 2010. EB
argin thus ros94)m from EUwas 2,895 MW011. Safety aof 3.2. Renewr. Firm and
ave already bw is maintainconomic an
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at a glance
Vest- an
Vest- an
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227m EBIT- an
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AlsvejTel: +Bank:CompComp
nouncemSystems
2011 ort, first half yment No. 37
port, first had - profit in l
enerated firsBIT amountedse to 0.3 perUR (1,058)mW, and the bat Vestas’ wowable energyunconditionabeen securened at EUR d financial u0 MW in a m
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j 21, 8940 Rander45 9730 0000, Fa Nordea Bank Da
pany Reg. No.: 10 pany Reg. Name: V
ment from A/S
year 2011 /2011
alf year 2011ine with exp
t half-year red to EUR 8mr cent from (1
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d revenue of31 per cent
to EUR 8m EUR 227m
mounted to EEUR 152m
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m
1 pectations -
evenue of EUm, against a lo11.6) per cenhalf of 2010. m and unconas higher tha
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005 677997
ent on the 2010. The ficantly to onditional 0bn at 30 industrial
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Vestas Win
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s, 17 August inancial repo
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2011 ort, first half yment No. 37
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strial injurieseduction of 2
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pany Reg. No.: 10 pany Reg. Name: V
s per one mil29 per cent
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lion working
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announc2010 wil Financiarespectivthe expeimproved The aimmillion wcent. Thegreen elmust be Assump As the brequiremsetback fossil fuealso affe Prices oincreaseThis meaConsequnew conimmediain the co Other thdue to pas well areduced Vestas Revenuebeen finrecognitiThere artypically Along waction laannounc
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
means that thEUR 70m ag
and the cowarranty and
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the incidencs. The greenative to 2010
often limited.
risks
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pany Reg. No.: 10 pany Reg. Name: V
he expected gainst the ea
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ch more critics is clearly tould adversel
and, and lower plants.
ents are risinhe final priceis relatively rals prices westments thrd, by extens
the most imransport costutes. The reut the risk ha
pes of contsupply-and-ine customer. key orders isen the contrre received a
rs and officed States DisMarch 2011
rs SV, Denmark ax: +45 9730 0001anmark A/S, Reg. 40 37 82 Vestas Wind Syst
increase in arlier announ
rate are exvisions are ee performan and Vestas’
al injuries atof Vestas’ e
he increase infor the custo
cal than preo the benefit ly affect the
wer energy co
ng. As a gee of the projerobust toward
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portant risk ts, disruptiongionalisationas not been
tracts: suppnstallation orThis may ca
s recognisedract types in and as physic
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depreciationced increase
xpected to bexpected to ance of the w’ costs.
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onsumption c
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s and amorte of about EU
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s, 17 August inancial repo
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2011 ort, first half yment No. 37
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strengthened
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Press anWednes In connetoday, W The Lon22 HertsCanary WLondon, England The infoDanish, The meeThe tele+45 702 A replay The presnewly bu
This inte
s, 17 August inancial repo
ny announcemof 33
nd Systems A/S
nd analyst msday, 17 Aug
ection with thWednesday, a
don Marriott smere Rd Wharf E14 4ED .
rmation meeGerman, Ital
eting may bephone numb6 5040 (DK)
y of the inform
sentation of uilt headquar
BenChairman of
erim report is
2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
meeting in Lgust 2011 at
he disclosurat 2 p.m. Lon
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pany Reg. No.: 10 pany Reg. Name: V
London, UKt 2 p.m. Lon
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information vestors and
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November wannounced in
Ditlev EngePresident & C
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2011 ort, first half yment No. 37
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2011 ort, first half yment No. 37
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
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RandersInterim fCompanPage 23
Vestas Win
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
ment of cha
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RandersInterim fCompanPage 24
Vestas Win
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RandersInterim fCompanPage 25
Vestas Win
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Vestas Win
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
ement
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RandersInterim fCompanPage 27
Vestas Win
Compan
Disclose
17.01.20
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10.02.20
11.02.20
28.02.20
28.02.20
02.03.20
18.03.20
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14.04.20
18.04.20
20.04.20
26.04.20
03.05.20
04.05.20
06.05.20
11.05.20
13.05.20
18.05.20
24.05.20
27.05.20
30.05.20
09.06.20
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22.06.20
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s, 17 August inancial repo
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
ements from
he first quar
Major Shar
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1, vestas@vestasNo.: 2100, Accou
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RandersInterim fCompanPage 28
Vestas Win
Compan
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s, 17 August inancial repo
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
ements from
interim rep
Vestas rec
Information
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RandersInterim fCompanPage 29
Vestas Win
Sales (d Sales in
Germany
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
ca
year 2011 /2011
j 21, 8940 Rander45 9730 0000, Fa Nordea Bank Da
pany Reg. No.: 10 pany Reg. Name: V
rs SV, Denmark ax: +45 9730 0001anmark A/S, Reg. 40 37 82 Vestas Wind Syst
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RandersInterim fCompanPage 30
Vestas Win
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
uarter 2011
ion, 1 Janua
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RandersInterim fCompanPage 31
Vestas Win
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2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
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tems A/S
302
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0 June 2010
339
0
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0
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s.com 117097 - EUR 50
31 Dece2010
33
19
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RandersInterim fCompanPage 32
Vestas Win
Segmen
mEUR
Q2 2011
Externa
Internal
Total serevenue
Reportasegmenresults
Total as
Q2 2010
Externa
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Total serevenue
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Total as
Reconc
Reporta
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s, 17 August inancial repo
ny announcem2 of 33
nd Systems A/S
nt informatio
1
l revenue
revenue
egment e
able nts’ operating(EBIT)
ssets
0
l revenue
revenue
egment e
able nts’ operating(EBIT)
ssets
ciliation
able segments
r operating se
idated operat
s parent compas related to Ves
2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
on
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sales un
g (
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g
2,
s’ EBIT
gments’ EBIT
ting profit (EB
any income (manstas Technology
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j 21, 8940 Rander45 9730 0000, Fa Nordea Bank Da
pany Reg. No.: 10 pany Reg. Name: V
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service, royalty up staff function
1, vestas@vestasNo.: 2100, Accou
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and other rentas.
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cific nits
125
6
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308
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991
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s.com 117097 - EUR 50
Production units
3
1,163
1,166
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2,325
3
640
643
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2,515
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115
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group companie
005 677997
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RandersInterim fCompanPage 33
Vestas Win
Segmen
mEUR
H1 2011
Externa
Internal
Total serevenue
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Total as
H1 2010
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s, 17 August inancial repo
ny announcem3 of 33
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nt informatio
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l revenue
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l revenue
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able segments
r operating se
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s parent compas related to Ves
2011 ort, first half yment No. 37
AlsvejTel: +Bank:CompComp
on
Europe Africa
sales un
1,
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g
2,
s’ EBIT
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any income (manstas Technology
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j 21, 8940 Rander45 9730 0000, Fa Nordea Bank Da
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mericas les units
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251
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1, vestas@vestasNo.: 2100, Accou
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343
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560
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28
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991
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s.com 117097 - EUR 50
Production units
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1,529
1,533
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2,325
3
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2,515
H1 2011
(80)
88
8
group companie
005 677997
Totalreportasegmen
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218
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202
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920
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