Vestas – Interim Financial Report, Second Quarter 2023
Vestas Wind Systems A/S, Aarhus, 9 August 2023Company Announcement no. 12/2023 Summary: Quarterly revenue of EUR 3.4bn with an EBIT margin before special items of (2.0) percent. Continued strong wind turbine backlog of EUR 20.0bn. Full-year guidance maintained. In the second quarter of 2023, Vestas generated revenue of EUR 3,429m – an increase of 3.8 percent compared to the year-earlier period. EBIT before special items amounted to EUR (70)m, resulting in an EBIT margin before special items of (2.0) percent, compared to (5.5) percent in the second quarter of 2022. Free cash flow[