The cover is shot by Paulo Vanier. (source)
Click here to view last year cover featuring Amanda Wellsh, here to view 2014 cover featuring Alessandra Ambrosio, here to view 2013 cover also featuring Alessandra Ambrosio, here to view 2012 cover featuring Carola Remer, here for 2011 cover with Freja Beha Erichsen, and here for 2010 cover with Barbara Berger.