Then obviously, we have calculated – as we've given you the guidance now, we have calculated for a COVID-19 situation to continue throughout the year. Or is your 25% effectively a floor given the strong margin you've seen in the first half? And in the multi-brand, if I generalize, it's a bigger volume, but in – it's also a lower scope and lower complexibility, and therefore, you have a lower profitability on those. And in terms of DSV, as we said all along, we are phasing in the DSV partnership and we are going to do that project by project. I think a couple of things have been answered already, but just a quick one really on the Service business. Or are there some long-term saving plans which would offset this? But I think during the circumstances, we are managing well and handling and dealing with the situation. Start a discussion below. I think it's fair saying everyone are fully dedicated, fully on board, trying to do more projects. And obviously, that has also an impact on the EBIT. And what might be – I mean, just thinking of that portfolio optimization, is that something that we can extrapolate through for future years? So in past couple of quarters, you've also increased warranty provision, sort of reflecting the new technology. I will just say, no, there isn't any change and there is no change in structure to the Service business. And obviously, no one, as I said earlier, have the silver bullet in terms of how the situation will pan out. We haven't been talking too much about those this year. Could you give a little bit of color on where we are in terms of repowering demand from the various regions? And if we go to the Service business, also continues good performance, as you heard from Henrik. Some then comes with either new things and maybe even projects that can be advanced against maybe one or two delays in other things. And our next question is from Rajesh Singla from Societe Generale. So again, here, a big thank you to our customers and also to our partners, in terms of suppliers and partners around the world, and also again to the colleagues. I think it's also fair saying we're in Copenhagen, it's Europe, we probably have a little bit more relaxed attitude toward COVID-19 in the societies, but we also have to appreciate epicenters right now are still Americas, it's India, South Africa. I think coming into this set of results, a lot of people were anticipating that COVID-19 would have an impact on revenue this year and there would be some delay of revenues from 2020 into 2021. So I mean, there's nothing we can guarantee. So a proper progress in terms of order intake, as you will see, up 281% compared to probably what is a little low last year, but very pleased to see overall. We will take that quarter-by-quarter. Subscribe today to the Daily Power Industry Newsletter for the most up-to-date and relevant utility industry news. Curated power industry news from thousands of top sources.

Thank you, Casper. It relates to what we also call high-intensity lightning, and therefore, that's what we are working diligently through. You will appreciate that a provision like this doesn't come – and the root cause doesn't come in one go. Vestas – MHI Vestas right now, of course, [indiscernible]. Positively here in the quarter is also Asia Pacific. So we have, all in all, €283 million, so a much higher level compared to last year. Thanks a lot. The total investments are down compared to last year. That will continue. And hence, is the total cost of repairing these blades actually more than the 7 – or €175 million? Vestas Wind Systems' (VWDRY) CEO Henrik Andersen on Q2 2020 Results - Earnings Call Transcript... No discussions yet. Like will it be hitting this year or next year? I mean do you need to dedicate a lot of resources to this? So the glass is more than half full. Could you give us some kind of debate here? Is there – would – I mean, it's basically, would there be need for an influx of investments to ramp up the technologies there that the joint venture would need to now effectively compete in the market? The meeting will be held in English, and further details for the next upcoming earnings call can be found … But the COVID-19 direct impact on our cost this quarter is €20 million, and that is to be compared with €10 million in Q1.

So we don't do that breakdown. So that's the first question. Vestas Wind Systems' (VWDRY) CEO Henrik Andersen on Q2 2020 Results - Earnings Call Transcript Aug. 11, 2020 6:22 PM ET | About: Vestas Wind … Let's just appreciate that it's – every percent on that business is €20 million in round terms, which easily in a business that has more than 10,000 employees, it deviates. So in terms of actual volumes, U.S. and Europe predominantly. To what extent have those past increases reflected the specific issue which you highlighted as an extraordinary provision here? I think when we come down to all of this, we can talk about how well we are managing both the manufacturing and the supply chain coming into the factories, especially in some of these epicenters around the world. Vestas Wind Systems' CEO Discusses Q2 2012 Results - Earnings Call Transcript… Your access to Member Features is limited. So if you can just comment on like where do you see and what kind of strategic moves you are making in that particular region to gain more market share? Very happy with the joint venture set up and in a quarter like this, where we have both orders and also fully into installing further projects. But as you would also appreciate here, if we just look at our – both phasing and also execution of it, we are making constantly effort in to improve both synergies but also efficiencies within that supply chain.

Yes. You have seen sort of a gradual increase of the warranty provisions, looking aside the €175 million of course, over the past many quarters. So we then go to the second quarter order intake, as said, 4.1 gigawatts. Remain stable also throughout Q2. So do you have any initial comments or initial color about how we should be thinking about volumes and revenues into 2021? And we know €175 million of that pertains to warranty provisions. And then we got a 2020 and 2021 possibility later in this year. Then, of course, yes, it will run over the coming quarters and into next year, for sure.

But bear in mind that the underlying EBIT margin before special items is in line with last year and actually coming up to a 5.9% here in the quarter. Given that there are constantly technological improvements, is this really sort of a sign of the industry being able to increasingly hang on to those improvements itself rather than passing it on to customers? Then the second one is on – still going back to some of the warranty provisions and related to the EnVentus platform. I wonder if you could discuss, is there any margin differential between the Vestas – so the Service contract on Vestas turbines versus those that you've secured on the multi-brand? And then obviously, if I compare it to last year, and you also have an impact, we don't have any extraordinary income from development projects that you saw that has a big impact last year. On the day of the disclosure, Vestas will host an earnings call/ live audiocast with a presentation of the results by the CEO and CFO. Sign in to Vote Like; Comment; Aug 11, 2020 10:25 pm GMT; 21 views; Source: Seeking Alpha. Today, we will also give a bit more details of our sustainability.

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