Q2 2023 Vestas Wind Systems A/S Earnings Call Transcript
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Good morning, everyone, and welcome to our Q2 and first half of 2023 presentation. And with that, I would like to go to our key highlights on the presentation.
So if we take the key highlights, our order intake in the quarter was 2.3 gigawatts. The wind turbine orders in gigawatt grew by 8% year-on-year with Q2 '22 with an onshore ASP back and increased to EUR 0.97 million from the Q1.
Revenue of EUR 3.4 billion, that's growth 4% year-on-year, driven by a very impressive growth of 29% in the Service business, higher average pricing on deliveries and partly offset by the lower volume in the quarter. EBIT margin ended at negative 2%. Profitability is improving due to the strong Service business and increased pricing as we execute on the backlog that we have shared with you in now the previous quarters.
Vestas continue to drive industry discipline and maturity. It gives itself that strong operational and commercial discipline across the industry is imperative to
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