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

Q1 2024 Vestas Wind Systems A/S Earnings Call Transcript
May 02, 2024

kr179.2 (-4.09%)

Earnings
Q4 2023 Vestas Wind Systems A/S Earnings Call Transcript
Feb 07, 2024

kr200.2 (+6.36%)

Earnings
Q3 2023 Vestas Wind Systems A/S Earnings Call Transcript
Nov 08, 2023

kr173 (+9.80%)

Earnings
Q2 2023 Vestas Wind Systems A/S Earnings Call Transcript
Aug 09, 2023

kr175.6 (-2.02%)

Earnings
Q1 2023 Vestas Wind Systems A/S Earnings Call Transcript
May 10, 2023

kr201.65 (+3.73%)

Earnings
Vestas Wind Systems A/S Annual Shareholders Meeting Transcript
Apr 12, 2023
Q4 2022 Vestas Wind Systems A/S Earnings Call Transcript
Feb 08, 2023

kr208.5 (+4.47%)

Earnings
Preliminary Q4 2022 Vestas Wind Systems A/S Earnings Call Transcript
Jan 27, 2023

kr192.26 (-2.67%)

Earnings
Q3 2022 Vestas Wind Systems A/S Earnings Call Transcript
Nov 02, 2022

kr157.04 (+4.69%)

Earnings
Q2 2022 Vestas Wind Systems A/S Earnings Call Transcript
Aug 10, 2022

kr198 (+8.79%)

Earnings
Q1 2022 Vestas Wind Systems A/S Earnings Call Transcript
May 02, 2022

kr168.46 (-7.85%)

Earnings
Vestas Wind Systems A/S Annual Shareholders Meeting Transcript
Apr 05, 2022
Q4 2021 Vestas Wind Systems A/S Earnings Call Transcript
Feb 10, 2022

kr164.25 (-2.52%)

Earnings
Preliminary Q4 2021 Vestas Wind Systems A/S Earnings Call Transcript
Jan 26, 2022

kr175.7 (+5.81%)

Earnings
Vestas Wind Systems A/S Capital Markets Day Transcript
Dec 15, 2021
Q3 2021 Vestas Wind Systems A/S Earnings Call Transcript
Nov 03, 2021

kr218 (-18.20%)

Earnings
Q2 2021 Vestas Wind Systems A/S Earnings Call Transcript
Aug 11, 2021

kr242 (-2.10%)

Earnings
Q1 2021 Vestas Wind Systems A/S Earnings Call Transcript
May 05, 2021

kr248.8 (+7.99%)

Earnings
Vestas Wind Systems A/S Annual Shareholders Meeting Transcript
Apr 08, 2021
Q4 2020 Vestas Wind Systems A/S Earnings Call Transcript
Feb 10, 2021

kr245.7 (-3.87%)

Earnings
Q3 2020 Vestas Wind Systems A/S Earnings Call Transcript
Nov 04, 2020

kr215 (-3.50%)

Earnings
Q2 2020 Vestas Wind Systems A/S Earnings Call Transcript
Aug 11, 2020

kr185.4 (+9.45%)

Earnings
Q1 2020 Vestas Wind Systems A/S Earnings Call Transcript
May 05, 2020

kr119.24 (+3.80%)

Earnings
Q4 2019 Vestas Wind Systems A/S Earnings Call Transcript
Feb 05, 2020

kr144.36 (+5.22%)

Earnings
Q3 2019 Vestas Wind Systems A/S Earnings Call Transcript
Nov 07, 2019

kr120.48 (+10.98%)

Earnings
Q2 2019 Vestas Wind Systems A/S Earnings Call Transcript
Aug 15, 2019

kr101 (-4.46%)

Earnings
Q1 2019 Vestas Wind Systems A/S Earnings Call Transcript
May 08, 2019

kr116.92 (-0.61%)

Earnings

Q1 2024 Vestas Wind Systems A/S Earnings Call Transcript

May 02, 2024 / 08:00AM GMT

Release Date Price: kr179.2 (-4.09%)

Transcript

Henrik Andersen;S;Group President;CEO

Vestas Wind Systems A

/-&

Good morning, and welcome to this release of our Q1 2024, a quarter that is the continuation from our 2023 year progress overall. And thanks also here, again, to our stakeholders across from support throughout the first quarter of this year, and therefore, keeping momentum towards the remaining part of 2024.

So with that, let's go to the key highlights of first quarter. So we had a revenue of EUR 2.7 billion. It's a small decline of 5% year-on-year, driven by lower activity in Power Solutions, partly offset by a 12% growth in the service business. The EBIT margin ended at minus 2.5%. Disregarding the sales of the technology in Q1 2023, EBIT improved year-on-year due to the higher project profitability, as we will talk more about. The order intake in Q1 was 2.3 gigawatts. The order intake declined by 30% year-on-year, partly also due to the very strong finish in 2023 in Q4.

Solid capital structure. We improved earnings, and they are the main driver for a leverage of 1.1x

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