CONTENTS IN BRIEF STRATEGY AND AMBITIONS In brief Key achievements Revenue EUR 14.8bn Within guidance of EUR 14-15bn. * Reduction in work injuries A year-on-year reduction of 15 percent to 3.3 TRIR COVID-19 resilience Record-high deliveries despite the global pandemic On the journey to become Global Leader in Sustainable Energy Solutions Acquisition of offshore business In December 2020, Vestas acquired MHI’s shares in offshore joint venture. End of year 1.5bn tonnes CO₂ avoided Vestas continues to be leader within avoidance of carbon emissions. 25% stake in CIP and new Development business unit established to ramp up development capabilities. New offshore platform introduced V236-15.0 MW™ raising the bar for performance and continued LCOE reductions in offshore. SUSTAINABILITY – PROGRESS ON TARGETS GROUP PERFORMANCE VESTAS PEOPLE GOVERNANCE FINANCIAL STATEMENTS EBIT margin before special items 5.1% Within guidance of 5-7%. * Reduction in carbon emissions 33% All-time high order backlog 11.9 Wind turbines (bnEUR) 16.0 19.0 4.0 Offshore 15.0 Onshore 2018 2019 * Guidance disclosed 11 August 2020, ref. Company announcement no. 25/2020. 2020 Dividend EUR 230m The Board recommends a divi- dend payout for 2020 of corre- sponding to DKK 8.45 per share. Service (bnEUR) 14.3 17.8 23.9 3.4 Offshore 20.5 Onshore 2018 2019 2020 STATEMENTS ADDITIONAL INFORMATION
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