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

Q4 2019 Vestas Wind Systems A/S Earnings Call Transcript

Feb 05, 2020 / 09:00AM GMT
Release Date Price: kr144.36 (+5.22%)
Henrik Andersen;S;Group President;CEO
Vestas Wind Systems A

/-&

Good morning. And welcome to this presentation of Vestas' full year results of 2019, 5th of February. And with me here -- I'm Henrik, and of course, Marika next to me. So we will take you through our presentation of the results for '19 and also looking into what we expect for '20. So with that, let's get going.

First of all, key highlights for 2019. We came out of the year with our highest ever order intake. It ended at 17.9 gigawatts, and that is up 26% compared to our order intake for 2018. That also leads to that we have now a combined all-time high order backlog of EUR 34 billion, and we will see the breakdown a little later.

We also, there, see that our full year 2019 guidance were met on all parameters. We ended at a revenue of EUR 12.1 billion, which is actually in the high end, and we just have to say, coming out of Q4, helped also by favorable weather conditions in the Northern Hemisphere. We saw EBIT margin of 8.3% for the year, and we ended at net investments of

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