Vestas Annual Report 2021 – Resilience and determination in challenging market conditions
Vestas Wind Systems A/S, Aarhus, 10 February 2022Company announcement no. 02/2022 Summary: For the year 2021, Vestas’ revenue amounted to EUR 15.6bn (outlook: EUR 15.5-16.5bn), with an EBIT margin before special items of 3 percent (below outlook of around 4 percent), and total investments*[)] of EUR 813m (outlook: below 1,000m). Compared to 2020, revenue and free cash flow*[)] increased while earnings decreased. The value of the combined order backlog increased from EUR 43bn to 47bn across Power Solutions and Service. As announced on 26 January 2022, Vestas’ outlook for 2022 is as