Vestas Q1 2022 Earnings Report Wind Energy

Vestas Wind Systems reported Q1 2022 results with 2.9 GW order intake and EUR 18.9bn backlog despite supply chain disruptions impacting profitability. Revenue reached EUR 2.5bn, up 27% year-over-year, while underlying EBIT margin was negative 6.2%. The company issued EUR 1bn in sustainability-linked bonds and conducted strategic reviews of manufacturing and technology operations.