Q2 2022 Vestas Wind Systems A/S Earnings Call Transcript
/-&
Good morning, everyone, and welcome to this presentation of Vestas' Q2 and First Half of 2022. And with that, let's go to the key highlights for the quarter first.
So our key highlights for Q2 was we sustained the price increases, which also continued to pave the way forward for our profitability target. This is all about maintaining the required discipline to protect value creation and also get Vestas back in positive EBIT again. Order intake of 2.2 gigawatts, the wind turbine order backlog remains high at EUR 18.9 billion. We got a revenue in the quarter of EUR 3.3 billion. That's a revenue decrease by 7% year-on-year, caused mainly by a delay on one specific offshore project. Profitability negative in accordance with the outlook revised on 1st of May after Q1. EBIT margin of 5.5% negative driven by the supply chain disruptions and also the cost inflation.
Finally, I think over the last few days, we can say positive policy development in the U.S. and Europe. And I think
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
