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Vestas announces highest order backlog ever

Good news for Vestas as the world’s largest wind turbine manufacturer announced strong Q1 results with increases in revenue and what it described as a “highest order backlog ever” for orders and services worth €15bn.
Vestas CEO Anders Runevad said the company has posted revenues of €1.5 billion, an 18 per cent increase for Q1 2014, helped by strong performance in Europe and the Americas.

This helped the company bank €79m, an increase of €39m. Looking ahead, Vestas’ revenue is expected to be minimum €7.5 billion (compared to minimum €6.5 billion previously).

In terms of sales, Vestas said orders were at 1.75 GW in the first quarter of 2015, worth €7.5 billion at 31 March.