Consensus estimates as of 20 January 2026

Financials (mEUR)	Average	High	Low	# est.	Average	High	Low	# est.	Average	High	Low	# est.	Average	High	Low	# est.
	Q4 2025	Q4 2025	Q4 2025	Q4 2025	2025	2025	2025	2025	2026	2026	2026	2026	2027	2027	2027	2027
Total Revenue	6,446	6,739	6,176	26	18,998	19,291	18,728	26	21,015	22,451	19,571	26	22,726	25,732	19,590	26
Revenue, Onshore (Power solutions)	4,563	4,960	4,246	26	12,979	13,376	12,662	26	13,783	15,319	12,458	26	14,562	16,577	11,490	26
Revenue, Offshore (Power solutions)	851	1,211	564	26	2,219	2,579	1,932	26	3,281	4,307	2,625	26	3,973	4,860	3,223	26
Revenue, Service	1,032	1,186	903	26	3,800	3,954	3,671	26	3,951	4,280	3,734	26	4,191	4,662	3,915	26

Gross profit	1,015	1,281	888	22	2,562	2,829	2,436	22	3,067	3,391	2,715	22	3,495	4,019	2,646	22

EBITDA before special items	898	1,014	807	23	2,128	2,244	2,037	23	2,597	2,917	2,211	23	2,992	3,508	2,072	23

EBIT before special items	597	663	521	26	1,084	1,150	1,008	26	1,504	1,692	1,111	26	1,891	2,479	1,041	26
EBIT, Power Solutions	552	627	452	26	840	915	740	26	1,210	1,373	918	26	1,519	2,108	821	25
EBIT, Service	147	167	138	26	629	649	620	26	697	788	588	26	785	918	614	25
Not allocated	(102)	(52)	(133)	26	(385)	(335)	(416)	26	(402)	(338)	(472)	26	(414)	(340)	(485)	25

Special items	(7)	47	(64)	25	(3)	51	(60)	25	(1)	0	(8)	22	(0)	0	(8)	22
EBIT after special items	590	665	521	26	1,081	1,156	1,012	26	1,504	1,692	1,111	26	1,891	2,479	1,041	26

Income from JV and associates	(2)	5	(25)	26	3	10	(20)	26	4	22	(20)	26	6	40	(20)	26
Net financials	(26)	21	(82)	26	(64)	(17)	(120)	26	(66)	(25)	(120)	26	(58)	(8)	(100)	26
Profit before tax	562	648	476	26	1,020	1,106	934	26	1,441	1,639	1,038	26	1,839	2,471	961	26

Income tax	(139)	(103)	(165)	26	(254)	(218)	(280)	26	(358)	(260)	(417)	26	(454)	(240)	(642)	26
Net profit	423	489	357	26	767	832	700	26	1,083	1,231	779	26	1,385	1,829	721	26

Free Cash Flow					832	2,268	(1,031)	25	1,108	2,226	(245)	25	1,396	2,410	(573)	25
Dividend per share					0.2	0.2	0.0	24	0.2	0.4	0.0	24	0.3	0.5	0.0	24
Adj. earnings per share					0.8	0.8	0.7	26	1.1	1.2	0.8	26	1.4	1.8	0.7	26

Order intake (MW)	6,118	6,476	5,469	22	15,871	16,226	15,219	22	17,546	20,069	14,000	22	18,823	22,423	15,770	20
Onshore order intake (MW)	5,078	5,426	4,265	22	13,297	13,661	12,500	23	14,039	16,669	11,443	23	14,887	18,458	12,458	21
Offshore order intake (MW)	1,040	1,395	685	22	2,555	2,910	2,200	22	3,471	4,415	2,500	22	3,855	5,000	2,123	20

Order intake (mEUR)	6,534	7,064	5,378	19	17,114	17,833	15,735	21	18,740	21,918	15,363	20	19,852	23,777	15,626	20
Onshore order intake (mEUR)	5,285	5,796	4,912	13	13,798	14,605	12,735	19	14,733	17,502	13,230	18	15,387	19,228	12,992	18
Offshore order intake (mEUR)	1,355	1,773	1,089	13	3,287	3,976	2,722	18	4,312	5,513	2,930	17	4,794	6,900	2,398	17

Deliveries (MW)	5,090	6,402	4,414	26	14,704	16,016	14,028	26	16,191	17,526	14,973	26	17,601	19,500	14,484	26
Onshore deliveries (MW)	4,442	5,753	3,652	26	12,929	14,240	12,139	26	13,580	15,185	12,334	26	14,439	16,309	11,490	26
Offshore deliveries (MW)	648	973	345	26	1,775	2,100	1,472	26	2,611	3,588	2,016	26	3,162	3,857	2,117	26

Analyst consensus collected with cut-off date 20 January 2026, pre disclosure of the Q4 2025 report