May 06, 2025 / 07:00AM GMT
Henrik Andersen - Vestas Wind Systems A/S-Group President - Chief Executive Officer
Good morning, and welcome to our presentation of our Q1 for 2025. And let me by here also extend a huge gratitude and thank you to our customers across the world and especially in the US for the very active discussions and also our colleagues for a very strong start of the year. With that, I would like to go to the key highlights.
So the key highlights, we ended Q1 with a revenue of EUR3.5 billion. That's an increase of 29% year-on-year, driven by our higher activity compared to Q1 last year and also the higher average pricing in Power Solutions.
The EBIT margin ended at positive 0.4%, positive operating profit in Q1 despite normally the seasonal low activity in Q1, driven again by revenue growth and also higher profitability. The order intake was 3.1 gigawatts. The order intake increased by 36% year-on-year, driven by strong momentum in offshore, particularly and also in EMEA onshore.
The manufacturing ramp up and the service recovery plan remain key,
Q1 2025 Vestas Wind Systems A/S Earnings Call Transcript
May 06, 2025
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