Vestas Wind Systems AS (MEX:VWS)

MXN 286.68 0 (0%) Market Cap: 275.74 Bil Enterprise Value: 297.10 Bil PE Ratio: 286.39 PB Ratio: 4.95 GF Score: 60/100

Q2 2020 Vestas Wind Systems A/S Earnings Call Transcript

Aug 11, 2020 / 08:00AM GMT

Transcript

Henrik Andersen;S;Group President;CEO

Vestas Wind Systems A

/-&

Good morning, everyone, and a warm welcome to the Q2 presentation from Vestas. From me and on behalf of Executive Management here, first, I would like just to extend a huge thank you to our colleagues around the world. I think for their commitment, their dedication and also how we have been able to absolutely focus on business continuity is nothing less than exceptional in a quarter like the second quarter of 2020. And with that, I would just like to take you directly to our key highlights.

So in Q2 '20, we had strong performance in, again, a challenging environment, and we have gone through this without having any -- received any state aid in any of our countries. Revenue was EUR 3.5 billion. It's up 67% compared to the Q2 in 2019. Our order intake continued at a very high level at stable pricing. So we took 4.1 gigawatt of order intake in second quarter. It also leads to an all-time high backlog of -- in excess of EUR 35 billion.

In terms of the EBIT margin, we had an

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