Significant Revenue Growth
Q1 2025 revenue increased by 29% year-on-year to €3.5 billion, driven by higher activity and pricing in Power Solution.
Order Intake Surge
Order intake increased by 36% year-on-year to 3.1-gigawatt, with strong momentum in offshore and EMEA onshore.
Gross Profit and Margin Improvement
Gross profit increased by 47% to €359 million, with a gross margin improvement of 1.3 percentage points year-on-year.
Service Segment Growth
Service segment backlog increased to almost €37 billion, up from €34 billion a year ago, with 157-gigawatt under service.
Strong Cash Flow and Net Position
Operating cash flow was positive €28 million, with a significant improvement in free cash flow of almost €700 million compared to Q1 last year, ending with a net cash position of €366 million.