Vestas Wind Systems A/S (0NMK) Q2 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04019-d468-7353-903f-36f8ebf12f8d Created: 2026-08-26T22:03:52.977Z Duration: 4253.0483 Channels: 1 00:00:00.000 -- 00:00:02.320 Good morning, everyone, and welcome to our presentation 00:00:02.320 -- 00:00:04.640 of Q2 for 2026. 00:00:05.520 -- 00:00:07.759 Strong quarter, and let me also here immediately 00:00:07.759 -- 00:00:09.759 thank our customers, partners, 00:00:10.000 -- 00:00:12.400 the full supply chain and also colleagues for 00:00:12.400 -- 00:00:14.400 an exceptionally well executed quarter. 00:00:14.855 -- 00:00:16.295 And with that, I would like to go 00:00:16.295 -- 00:00:18.215 to our key highlights for the quarter. 00:00:19.814 -- 00:00:20.375 So 00:00:20.855 -- 00:00:24.454 in quarter, revenue of €4,700,000,000 00:00:24.535 -- 00:00:26.615 that's an increase of 26% 00:00:26.615 -- 00:00:29.160 year on year, driven by strong growth in 00:00:29.160 -- 00:00:31.480 Power Solutions of 37%. 00:00:32.200 -- 00:00:34.520 EBIT margin of 9.4%, 00:00:34.600 -- 00:00:35.960 strong profitability 00:00:36.040 -- 00:00:39.000 improvement driven by both Onshore and Offshore. 00:00:40.285 -- 00:00:43.405 EPS of €1.1 00:00:43.405 -- 00:00:46.445 per share. Earnings per share grew 46% 00:00:46.445 -- 00:00:48.365 year on year to one of the highest 00:00:48.365 -- 00:00:50.205 levels in the history of Vestas. 00:00:50.605 -- 00:00:53.485 The order intake of 3.3 gigawatt, that's an 00:00:53.485 -- 00:00:55.725 increase of 67% 00:00:55.070 -- 00:00:56.110 year on year, 00:00:56.510 -- 00:00:59.150 driven by commercial traction in both EMEA and 00:00:59.150 -- 00:01:00.110 The Americas. 00:01:01.150 -- 00:01:03.790 Importantly here, returning cash to shareholders, 00:01:04.270 -- 00:01:04.989 we are 00:01:0...