Consensus estimates as at 25 February 2025

Financials (mEUR)	Average	High	Low	# est.	Average	High	Low	# est.	Average	High	Low	# est.	Average	High	Low	# est.
	Q1 2025	Q1 2025	Q1 2025	Q1 2025	2025	2025	2025	2025	2026	2026	2026	2026	2027	2027	2027	2027
Total Revenue	3,032	3,413	2,800	7	19,312	19,955	18,673	14	21,148	22,555	19,173	14	22,673	28,799	18,622	14
Revenue, Onshore (Power solutions)	1,861	2,079	1,695	7	13,222	13,703	12,572	14	13,736	15,107	11,955	14	14,370	18,045	12,067	14
Revenue, Offshore (Power solutions)	237	438	120	7	2,176	2,542	1,694	14	3,281	4,511	2,266	14	3,925	5,880	2,746	14
Revenue, Service	935	968	897	7	3,914	4,141	3,691	14	4,132	4,430	3,885	14	4,379	4,874	3,773	14

Gross profit	298	389	169	6	2,665	2,958	2,421	11	3,117	3,604	2,673	11	3,555	4,756	2,967	11

EBITDA before special items	187	314	83	5	2,243	2,539	1,852	13	2,688	3,106	2,026	13	3,023	3,804	2,039	13

EBIT before special items	(48)	43	(161)	7	1,159	1,318	766	14	1,562	1,978	965	14	1,880	2,704	959	14
EBIT, Power Solutions	(130)	(31)	(255)	7	844	1,046	536	14	1,181	1,521	719	14	1,418	2,054	731	14
EBIT, Service	174	227	156	7	702	745	625	14	781	854	641	14	865	1,023	623	14
Not allocated	(92)	(85)	(95)	7	(378)	(373)	(410)	14	(400)	(373)	(451)	14	(404)	(373)	(478)	14

Special items	0	0	0	6	0	0	0	14	0	0	0	14	0	0	0	14
EBIT after special items	(49)	43	(161)	6	1,159	1,318	766	14	1,562	1,978	965	14	1,880	2,704	959	14

Income from JV and associates	1	8	0	6	4	30	(3)	14	8	30	(3)	14	10	40	(3)	14
Net financials	(20)	(7)	(30)	6	(100)	(29)	(175)	14	(95)	(21)	(170)	14	(82)	0	(165)	14
Profit before tax	(68)	16	(167)	6	1,062	1,297	683	14	1,475	1,879	868	14	1,808	2,683	851	14

Income tax	8	40	(24)	6	(261)	(171)	(354)	14	(358)	(217)	(467)	14	(439)	(213)	(671)	14
Net profit	(60)	13	(156)	6	801	1,014	512	14	1,117	1,465	651	14	1,369	2,012	638	14

Free Cash Flow					588	1,375	(880)	14	1,051	1,836	(496)	14	1,318	2,296	(26)	14
Dividend per share					0.2	0.3	0.0	14	0.2	0.4	0.0	14	0.3	0.6	0.0	14
Adj. earnings per share					0.8	1.0	0.5	14	1.1	1.5	0.6	14	1.4	2.0	0.6	14

Order intake (MW)	2,965	3,800	2,250	7	16,842	19,036	12,581	13	18,013	21,091	12,958	13	18,877	21,500	13,347	11
Onshore order intake (MW)	2,403	2,800	2,222	7	13,481	15,036	12,030	12	14,350	16,591	12,571	12	15,159	17,383	13,140	11
Offshore order intake (MW)	563	1,148	0	7	3,725	4,590	2,298	11	4,133	5,000	2,598	11	4,535	6,500	2,500	9

Order intake (mEUR)	2,942	3,664	2,363	6	17,773	20,236	12,022	11	18,834	22,401	12,135	11	19,655	22,858	12,249	10
Onshore order intake (mEUR)	2,340	2,425	2,222	5	13,734	15,375	12,022	11	14,390	16,508	12,135	11	15,002	17,024	12,249	11
Offshore order intake (mEUR)	712	1,331	0	5	4,443	5,418	2,703	10	4,888	6,250	2,994	10	5,339	8,125	3,000	9

Deliveries (MW)	2,019	2,368	1,789	7	14,816	16,070	13,672	13	16,456	17,827	15,667	13	17,972	22,794	16,337	13
Onshore deliveries (MW)	1,827	2,018	1,630	7	13,019	14,047	11,779	12	13,687	14,667	12,361	12	14,644	18,144	12,732	12
Offshore deliveries (MW)	192	350	100	7	1,782	2,100	1,473	12	2,775	3,661	2,100	12	3,410	4,650	2,500	12

Analyst consensus collected with cut-off date February 25 2025, post disclosure of the Q4 2024 report.