Interim financial report - second quarter and first half year 2012
Summary Vestas generated revenue of EUR 1,611m in the second quarter of 2012 – an increase of 15 per cent to the year-earlier period. EBIT before special items declined by 48 per cent to EUR 40m. The EBIT margin before special items was 2.5 per cent – an improvement of 21 percentage points compared to the loss-making first quarter 2012. EBIT after special items was EUR 18m. The free cash flow decreased to EUR (338)m from EUR (63)m in the second quarter of 2011.For the first half of 2012, the free cash flow was EUR 139m lower than in the first half of 2011. The net debt at 30 June 2012