Feb 05, 2025 / 09:00AM GMT
Henrik Andersen - Vestas Wind Systems A/S-Group President - Chief Executive Officer
Good morning to everyone, and welcome to our presentation of full year 2024. And let me, before we go further, just extend a heartfelt thank you to our partners, our customers, the shareholders and not least, outstanding colleagues for a very strong end 2024 and a very strong execution also of a very successful Q4 in 2024.
It is remarkable just to put it in perspective that Q4, just on top of EUR6 billion is as big as Vestas as was back in 2013, and also Q4 is the best quarter we have had since 2017 as a single quarter. With that, let's go to the key highlights. So the key highlights for the full year 2024, we ended with a revenue of EUR17.3 billion and an EBIT margin of 4.3%.
Vestas achieved its outlook for the year and continued the positive trajectory in 2024. The service EBIT of -- and sorry, here, we just one slow in the slide. But the service EBIT of EUR448 million ended the year. Rising costs caused a challenging year for service, but the scrutiny is now
Q4 2024 Vestas Wind Systems A/S Earnings Call Transcript
Feb 05, 2025
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