May 02, 2022 / 09:00AM GMT
Henrik Andersen - Vestas Wind Systems A/S-Group President&CEO
Good morning, and welcome to this release of Vestas' Q1 for 2022. As everyone, I'm sure, have now appreciated with a different timing caused by, of course, the number of both special item, one-offs and also the changed outlook. Suggest we go through, first of all, the performance the list of items that most significantly relates to the changed environment and also the worsening of the environment directly connected to what has been going on in Russia and Ukraine most recently.
But first, let us go to the key highlight for the quarter. So we had an order intake of 2.9 gigawatts with continued increasing in pricing. That's leading to a wind turbine order backlog strongly of EUR 18.9 billion, as you can follow in our release.
We had revenue in the quarter of EUR 2.5 billion. That means it's a year-on-year revenue growth of 27% despite those supply chain disruptions. We've also had, and that's leading to an evaluation of our business activities, so we went through a strategic
Q1 2022 Vestas Wind Systems A/S Earnings Call Transcript
Already have an account? Log in
Get the full story
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... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot