Aug 14, 2024 / 08:00AM GMT
Henrik Andersen - Vestas Wind Systems A/S-Group President - Chief Executive Officer
Good morning, and welcome to our full presentation of our Q2 and also first half reporting for 2024. Clearly, you've seen it from Monday, the negative quarter for service, but also with a solid progress in most other areas. And I'm sure we will talk more about all of these topics in much more details in the coming good hour.
I'm also sure here that we will look at the trajectory for the full year. And with that, I would like you to take us to the key highlights for Q2 and to some extent, first half. Key highlights for Q2 revenue of EUR3.3 billion. That is a revenue decrease of 4% year-on-year, affected negatively from the service and offset by higher delivery ASP from the Power Solutions. The service impacted by the adjustment to the plant cost service EBIT negative of EUR107 million in Q2 due to the approximately EUR300 million in negative adjustment and also there with no cash flow effect.
Underlying earnings progressing as expected, we've seen the turnaround
Q2 2024 Vestas Wind Systems A/S Earnings Call Transcript
Aug 14, 2024
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