Vestas Annual Report 2020 – Continued leadership in a challenging year
Vestas Wind Systems A/S, Aarhus, 10 February 2021Company announcement no. 01/2021 Vestas Annual Report 2020 – Continued leadership in a challenging year Summary: For the year 2020, Vestas’ revenue amounted to EUR 14.8bn, with an EBIT margin before special items of 5.1 percent, and total investments*[)] of EUR 659m, all in line with expectations. Compared to 2019, revenue increased while earnings decreased, and free cash flow*[)] stayed at around the same level. The value of the combined order backlog increased from EUR 34bn to 43bn as the offshore business is now included.