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Vestas Wind Systems AS (VWDRY)
OTHER OTC:VWDRY
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.96Last Year’s EPS
0.32Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -33.18%
|Next Earnings Date:Aug 15, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements and ongoing challenges. While there were significant revenue and backlog increases, and improvements in EBIT and gross margins, these were offset by declines in Service revenue, unexpected costs in Service operations, and high warranty costs. The sentiment reflects a balance between positive developments and existing operational hurdles.Company Guidance
During the VWS.CO Q3 2024 earnings call, Henrik Andersen provided comprehensive guidance backed by several key metrics. Revenue for the quarter was reported at EUR 5.2 billion, reflecting a 19% year-on-year increase, primarily driven by higher prices and volumes. The EBIT margin stood at 4.5%, with service EBIT margin at 16%, indicating improved operational efficiency. Order intake was stable at 4.4 gigawatts, maintaining a turbine backlog exceeding EUR 28 billion. The outlook for 2024 remains stable with revenue projected between EUR 16.5 billion to EUR 17.5 billion and EBIT margin anticipated at 4% to 5%. Additionally, the service order backlog rose to EUR 35.1 billion, up from EUR 32.4 billion in the previous year, while Vestas' development pipeline decreased to 28 gigawatts with major opportunities in Australia, the U.S., and Brazil. Andersen also highlighted a 45 million tonne increase in lifetime CO2 avoided by produced and shipped capacity compared to the previous year, alongside a decline in the number of recordable injuries per million working hours to 2.8.Significant Revenue Increase
Revenue increased to EUR 5.2 billion, marking a 19% rise year-on-year due to higher prices and volumes.
Improved EBIT Margin
EBIT margin improved by nearly 3 percentage points year-on-year to 4.5%, driven by higher activity and vendor performance.
Record Order Backlog
Turbine backlog reached an all-time high of more than EUR 28 billion.
Strong Service Order Backlog
Service order backlog rose to EUR 35.1 billion from EUR 32.4 billion a year ago.
Vestas Development Achievements
Generated 324 megawatt of order intake, including the Lotus Creek Wind Farm in Australia.
Improved Gross Margin
Gross margin increased by around 2.5 percentage points to 10.5%.
Positive Cash Flow Developments
Year-to-date cash flow improved by EUR 1 billion compared to the same period last year.
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VWDRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VWDRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.51 | $5.81 | -10.75% |
| Aug 14, 2024 | $7.82 | $7.57 | -3.20% |
| May 02, 2024 | $8.89 | $8.59 | -3.37% |
| Feb 07, 2024 | $8.99 | $9.61 | +6.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vestas Wind Systems AS (VWDRY) report earnings?
Vestas Wind Systems AS (VWDRY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Vestas Wind Systems AS (VWDRY) earnings time?
Vestas Wind Systems AS (VWDRY) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VWDRY EPS forecast?
VWDRY EPS forecast for the fiscal quarter 2024 (Q4) is 0.96.
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