Vestas Announces Record Year 2016
Aarhus, Denmark
For 2017, Vestas expects revenue to range between EUR 9.25bn and 10.25bn including service revenue, which is expected to grow. Vestas expects to achieve an EBIT margin before special items of 12-14 percent with the service EBIT margin remaining stable.
As a result of the strong performance during the year, the Board of Directors recommends to the Annual General Meeting that a dividend of DKK 9.71 per share, compared to DKK 6.82 last year, and equivalent to 30 percent of the net profit for the year, be distributed to the shareholders. The expected net proceeds from the sale of the office buildings will be distributed to shareholders through a DKK 705m (approx EUR 95m) share buy-back programme.
Source: IWR Online, Feb 02 2017