Vestas Wind Systems A/S (0NMK) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425b-533a-7011-aead-e35e70b57052 Created: 2026-08-27T08:34:39.644Z Duration: 4633.7827 Channels: 1 00:00:00.000 -- 00:00:02.240 Good morning and welcome to our Q1 for 00:00:02.240 -- 00:00:03.040 twenty 00:00:03.360 -- 00:00:04.640 twenty six release. 00:00:05.120 -- 00:00:07.279 I think the keyword for this first quarter, 00:00:07.279 -- 00:00:08.960 of course, for the world is heading of 00:00:08.960 -- 00:00:10.240 energy crisis, 00:00:10.480 -- 00:00:13.519 another one after the last one in 00:00:13.599 -- 00:00:15.280 H1 twenty twenty two. 00:00:16.005 -- 00:00:19.125 It's also here very much appropriate to thank 00:00:19.205 -- 00:00:21.765 you. Thank you for a good start of 00:00:21.765 -- 00:00:22.485 the year. 00:00:22.725 -- 00:00:25.445 That thanks goes especially to customers, 00:00:25.685 -- 00:00:28.005 to partners, colleagues and other stakeholders. 00:00:28.470 -- 00:00:31.590 Thank you for many very many valuable conversations 00:00:31.590 -- 00:00:32.710 and commitments 00:00:32.870 -- 00:00:35.750 in what has been an increasing volatile world 00:00:35.750 -- 00:00:36.550 throughout 00:00:36.629 -- 00:00:39.110 the first four months of the year. So 00:00:39.110 -- 00:00:41.910 with that, let's go to the key highlights 00:00:42.070 -- 00:00:43.110 of Q1. 00:00:44.115 -- 00:00:47.235 So key highlights for Q1: Revenue of 00:00:47.395 -- 00:00:48.835 €4,000,000,000 00:00:48.835 -- 00:00:51.475 that's an increase of 14% year on year, 00:00:51.635 -- 00:00:52.995 driven by Offshore, 00:00:52.995 -- 00:00:55.795 where we also see the manufacturing ramp up 00:00:55.795 -- 00:00:56.915 is improving 00:00:57.155 -- 00:00:57.795 year on year. 00:00:58.670 -- 00:01:00.750 EBIT margin of 3.2% 00:01:0...