Vestas Wind Systems AS (OCSE:VWS)

kr 96.8 -7.73 (-7.4%) Market Cap: 97.68 Bil Enterprise Value: 105.24 Bil PE Ratio: 281.81 PB Ratio: 4.87 GF Score: 73/100

Q1 2019 Vestas Wind Systems A/S Earnings Call Transcript

May 08, 2019 / 08:00AM GMT

Transcript

Anders Runevad;S;Group CEO;President

Vestas Wind Systems A

/-&

So good morning, everyone, and welcome to the first quarter of '19 result presentation. As usual then, it's me and Marika here and also part of the IR team. So let's start with the usual disclaimer slide and then go straight into key highlights.

As you probably have seen, I have decided to step down as the CEO effective 1st of August '19. I strongly believe that this is the right time for Vestas. During the last 6 years, we have completed the turnaround program, executed on the profitable growth strategy and Vestas today is the clear market leader in wind with a strong financial position.

I'm also delighted that the Board has appointed Henrik as the successor. He knows the company and the strategy well from his time in the Board. And I'm sure he is the right person to execute on -- both on the strategy and take the next step for the company.

Also I would like to be clear that it's, of course, personally been a difficult decision and that's also that I'm actually

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