Q4 2020 Vestas Wind Systems A/S Earnings Call Transcript
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Good morning, and welcome to this presentation for our full year 2020. I think it is timely to say a proper thank you to all our stakeholders for 2020. It's been challenging, but also rewarding for our future journey and not least also for the growth of renewables. So with that, a warm welcome to our presentation here. As it is the full year, we will also do a strategy update as part of our presentation.
And I will now have forward-looking here. So for the key highlights, if we look at the key highlights for the year, we met our full year revised guidance that we met on all parameters by our 2020 results. We delivered more than 17 gigawatts in a -- what was a very challenging COVID-19 environment. That's up 34% compared to 2019, and it is up 59% compared to 2018. We spoke earlier about evidence, and this, I think, is basically an evidence to ourselves of how we have done this year.
EBIT margin before special items of 5.1%, clearly impacted by the higher warranty provision
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