Download Highlights for the Group

Highlights for the Group
mEUR
Financial highlights
Q1
20171)
Q1
20161)
FY
2016
Income statement
Revenue
1,885
1,464
10,237
Gross profit
Operating profit before financial income and costs, depreciation and amortisation
(EBITDA)
Operating profit (EBIT)
377
247
2,126
301
211
175
85
1,826
1,421
Net financial items
Profit before tax
14
214
(20)
46
(33)
1,287
Profit for the period
160
35
965
10,267
8,894
9,931
3,308
40
2,728
63
3,190
304
Balance sheet
Balance sheet total
Equity
Investments in property, plant and equipment
Net invested capital
(66)
Net working capital
(1,710)
657
(361)
(1,068)
(1,941)
(4)
12
(114)
(182)
2,181
(817)
8
(296)
1,364
Cash flow statement
Cash flow from operating activities
Cash flow from investing activities
Free cash flow
Financial ratios
2)
Financial ratios
Gross margin (%)
20.0
16.9
20.8
EBITDA margin (%)
EBIT margin (%)
16.0
11.2
12.0
5.8
17.8
13.9
Interest-bearing position (net), end of the period
3,192
1,957
3,255
Return on invested capital3) (ROIC) (%)
353.3
119.1
265.2
32.2
35.8
30.7
24.8
32.1
32.6
4.4
Solvency ratio (%)
Return on equity3) (%)
Share ratios
Earnings per share4) (EUR)
5.0
3.0
Cash flow from operating activities per share (EUR)
(0.0)
(0.5)
Dividend per share (EUR)
Payout ratio (%)
9.8
1.315)
30.05)
-
-
76.2
222
62.0
224
61.7
222
Order intake (bnEUR)
Order intake (MW)
1.8
2,049
2.0
2,403
9.5
10,494
Order backlog – wind turbines (bnEUR)
Order backlog – wind turbines (MW)
9.0
9,962
8.6
9,929
8.5
9,530
Order backlog – service (bnEUR)
Produced and shipped wind turbines (MW)
11.0
2,371
9.4
1,814
10.7
9,957
883
735
4,264
1,553
1,214
9,654
Share price at the end of the period (EUR)
Number of shares at the end of the period (million)
Operational key figures
Produced and shipped wind turbines (number)
Deliveries (MW)
1)
2)
3)
4)
5)
Neither audited nor reviewed.
The ratios have been calculated in accordance with the guidelines from “Finansforeningen” (The Danish Finance Society) (Recommendations and Financial ratios 2015).
Calculated over a 12-month period.
Earnings per share has been calculated over a 12-month period and in accordance with IAS 33 on earnings per share.
Based on proposed dividend.
Vestas Wind Systems A/S
Interim financial report – first quarter 2017
Page 4 of 24
Q1
1)
2017
Q1
1)
2016
Total recordable injuries (number)
67
70
303
- of which lost time injuries (number)
28
19
82
0
0
0
Social and environmental key figures
FY
2016
2)
Occupational health & safety
- of which fatal injuries (number)
Consumption of resources
Consumption of energy (GWh)
153
161
567
- of which renewable energy (GWh)
- of which renewable electricity (GWh)
70
58
74
63
296
268
Consumption of fresh water (1,000 m3)
85
92
428
17
19
75
9
9
37
17
17
58
8
8
26
0
0
0
1
0
1
21,904
22,083
21,036
21,449
21,625
21,824
10,222
9,858
9,975
Incidence of total recordable injuries per one million working hours
Incidence of lost time injuries per one million working hours
6.0
2.5
6.7
1.8
6.9
1.9
Absence due to illness among hourly-paid employees (%)
2.5
2.3
2.2
Absence due to illness among salaried employees (%)
1.3
1.2
1.2
67
51
281
Waste disposal
Volume of waste (1,000 tonnes)
- of which collected for recycling (1,000 tonnes)
Emissions
Direct emission of CO2 (1,000 tonnes)
Indirect emission of CO2 (1,000 tonnes)
Local community
Environmental accidents (number)
Breaches of internal inspection conditions (number)
Employees4)
Average number of employees
Number of employees at the end of the period
- of which outside Europe and Africa
Social and environmental indicators
2)
Occupational health and safety
Products
CO2 savings over the lifetime on the MW produced and shipped (million tonnes of CO2)
Utilisation of resources
Renewable energy (%)
46
46
52
100
100
100
Women in Board of Directors3) and Executive Management (%)
23
23
23
Women at management level4) (%)
Non-Danes at management level4) (%)
19
61
18
57
19
60
Renewable electricity for own activities (%)
Employees
1)
2)
3)
4)
Neither audited nor reviewed.
Accounting policies for social and environmental key figures for the Group, see page 52 of the annual report 2016.
Only Board members elected by the general meeting are included.
Employees at management level comprise employees at level IPE54+ according to Mercer’s International Position Evaluation System.
Vestas Wind Systems A/S
Interim financial report – first quarter 2017
Page 5 of 24