Vestas Wind Systems A/S (OCSE:VWS)
kr 191.75 -1.55 (-0.8%) Market Cap: 193.51 Bil Enterprise Value: 201.58 Bil PE Ratio: 0 PB Ratio: 8.49 GF Score: 80/100

Q3 2019 Vestas Wind Systems A/S Earnings Call Transcript

Nov 07, 2019 / 09:00AM GMT
Release Date Price: kr120.48 (+10.98%)
Henrik Andersen;S;Group President;CEO
Vestas Wind Systems A

/-&

Good morning, and a very warm welcome to this Third quarter investor call. First of all, it's another strong quarter from Vestas. Very positive ramp-up, and therefore, also a very high activity quarter for us.

Personally, I will just say here, it's a pleasure to say thank to a lot of colleagues, but also having the pleasure of sharing that much of the business and operations and customer insights over the previous couple of months since 1st of August.

So with that, let's begin the presentation for the third quarter. And next to me here, I have Marika, so we, of course, look forward to take you through the presentation year-to-date.

So the disclaimer first and then our key highlights for the third quarter. So the third quarter here is, again, increased order intake and leads to an all-time high order backlog. We had a 4.7 gigawatt of order intake in Q3, and that also means if we look at the backlog, it's 38% higher year-on-year. And it comes to -- close to EUR 33

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