Company announcement 3/2016
Interim Report for Q4 2015 (1 October - 31 December 2015)
LM Wind Power reports:
- For Q4 2015, revenues of EUR 207.7 million (up 25.3% year-on-year) and EBITDA of EUR 27.6 million (up 22.7% year-on-year).
- For FY 2015, revenues of EUR 750.3 million (up 27.7% year-on-year) and EBITDA of EUR 103.3 million (up 34.0% year-on-year).
- A net profit of EUR 5.9 million for FY 2015, compared with a loss of EUR 9.1 million in 2014.
- Liquidity of EUR 129.2 million as at 31 December 2015, compared with EUR 62.8 million as at 30 September 2015, largely as a result of the proceeds (EUR 50 million equivalent) from the successful Green Bond issued in October 2015.
- Net debt of EUR 94.6 million as at 31 December 2015 and a leverage ratio (Net Debt / EBITDA) of 0.92x, compared with net debt of EUR 82.4 million as at 31 December 2014 and a leverage ratio of 1.07x.
| 4th quarter | January to December | ||||
| EUR millions | 2015 | 2014 | 2015 | 2014 | |
| Revenue | 207.7 | 165.8 | 750.3 | 587.7 | |
| Operating profit before depreciation and amortization (EBITDA) | 27.6 | 22.5 | 103.3 | 77.1 | |
| Results from operating activities before special items | 10.0 | (0.4) | 51.9 | 21.2 | |
| Result before income tax | 3.0 | (2.0) | 22.1 | 5.8 | |
| Result for the period | 4.0 | (4.7) | 5.9 | (9.1) | |
| EUR milllions | |||||
| Results from operating activities before special items | 10.0 | (0.4) | 51.9 | 21.2 | |
| Depreciation and amortization | 17.6 | 22.8 | 51.4 | 55.9 | |
| EBITDA | 27.6 | 22.5 | 103.3 | 77.1 | |
This interim report for Q4 2015 has not been audited or reviewed.
Contact details:
Chris Springham
VP, Global Communications & HR
+31 6 14814919
Lene Mi Ran Kristiansen
Senior Manager, Communications & Sustainability
+45 5138 8236
