OverviewSuggest Edit

Vestas Wind Systems is a provider of sustainable energy solutions that designs, manufactures, installs, and services wind turbines. Its key product is the EnVentus platform that connects system designs from the 2 MW platform, 4 MW platform, and 9 MW platform turbine technology. The company operates in two segments: Power Solutions and Service. The Power Solutions segment engages in the development and manufacturing of onshore wind turbines, while the Service segment offers service solutions and performance optimization for Vestas and non-Vestas wind turbines.

TypePublic
Founded1898
HQAarhus, DK
Websitevestas.com
Employee Ratings3.5
Overall CultureD-

Latest Updates

Employees (est.) (Mar 2020)25,948(+2%)
Job Openings292
Revenue (FY, 2019)€12.1 B(+20%)
Share Price (Nov 2020)KR1.2 K
Cybersecurity ratingAMore

Key People/Management at Vestas

Henrik Andersen

Henrik Andersen

Group President & CEO
Marika Fredriksson

Marika Fredriksson

Executive Vice President & CFO
Anders Nielsen

Anders Nielsen

Executive Vice President & CTO
Tommy Rahbek Nielsen

Tommy Rahbek Nielsen

Executive Vice President & COO
Juan Araluce

Juan Araluce

Executive Vice President & CSO (Sales)
Christian Venderby

Christian Venderby

Executive Vice President & CSO (Service)
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Vestas Office Locations

Vestas has offices in Aarhus, Hammel, København, Lem and in 59 other locations
Aarhus, DK (HQ)
Hedeager 42
Hammel, DK
Frankrigsvej 15
København, DK
Ørestads Blvd. 108
Lem, DK
Smed Hansens Vej 19
Randers, DK
Langelandsvej 8
Ringkøbing, DK
E F Jacobsens Vej 3
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Vestas Financials and Metrics

Vestas Revenue

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Vestas's revenue was reported to be €12.15 b in FY, 2019 which is a 19.9% increase from the previous period.
EUR

Revenue (Q1, 2020)

2.2b

Gross profit (Q1, 2020)

159.0m

Gross profit margin (Q1, 2020), %

7.1%

Net income (Q1, 2020)

(80.0m)

EBITDA (Q1, 2020)

97.0m

EBIT (Q1, 2020)

(112.0m)

Market capitalization (12-Nov-2020)

232.2b

Closing stock price (12-Nov-2020)

1.2k

Cash (31-Mar-2020)

2.0b

EV

231.1b
Vestas's current market capitalization is kr232.2 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

10.0b10.1b12.1b

Revenue growth, %

2%20%

Cost of goods sold

8.0b8.5b10.4b

Gross profit

2.0b1.6b1.8b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

1.7b2.3b2.8b1.7b2.1b3.6b2.2b

Cost of goods sold

1.4b1.8b2.4b1.5b1.8b3.0b2.1b

Gross profit

281.0m416.0m435.0m235.0m301.0m615.0m159.0m

Gross profit Margin, %

17%18%15%14%14%17%7%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

3.7b2.9b2.9b

Accounts Receivable

1.1b967.0m1.5b

Inventories

2.7b3.0b4.1b

Current Assets

8.0b8.6b10.4b
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.9b2.1b1.6b2.1b2.0b2.3b2.0b

Accounts Receivable

886.0m1.1b1.4b791.0m886.0m1.2b1.5b

Inventories

3.6b4.2b4.0b3.9b4.6b4.7b4.9b

Current Assets

8.0b8.2b8.2b8.7b9.7b10.4b10.9b
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

894.0m683.0m700.0m

Cash From Operating Activities

1.6b1.0b823.0m

Purchases of PP&E

(268.0m)(312.0m)(451.0m)

Cash From Investing Activities

(407.0m)(1.1b)(491.0m)
Quarterly
EURQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

102.0m184.0m178.0m25.0m90.0m303.0m(80.0m)

Cash From Operating Activities

(468.0m)(52.0m)(65.0m)(700.0m)100.0m351.0m(760.0m)

Purchases of PP&E

(58.0m)(65.0m)(83.0m)(105.0m)(107.0m)(104.0m)(90.0m)

Cash From Investing Activities

(157.0m)(386.0m)(315.0m)(195.0m)20.0m(86.0m)(459.0m)
EURFY, 2017

EV/EBITDA

7.9 x

EV/EBIT

10.7 x

EV/CFO

8.1 x

Revenue/Employee

422.3k

Debt/Equity

0.2 x

Financial Leverage

3.5 x

P/E Ratio

17.8
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Vestas Acquisitions / Subsidiaries

Company NameDateDeal Size
Utopus InsightsFebruary 02, 2018$100 m
UpWind SolutionsDecember 07, 2015
OCAS ASOctober 07, 2011
Availon GmbH
Availon Holding GmbH
Availon Iberia S.L.
Availon Inc.
Availon LDA Portugal
GREP Svenska AB
NEG Micon Australia Pty. Ltd.
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Vestas Revenue Breakdown

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Vestas revenue breakdown by business segment: 15.4% from Service and 84.6% from Power Solutions

Vestas revenue breakdown by geographic segment: 11.9% from Asia Pacific, 43.3% from Americas and 44.8% from Europe, Middle East, and Africa

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Vestas Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Vestas Online and Social Media Presence

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Vestas Company Culture

  • Overall Culture

    D-

    53/100

  • CEO Rating

    F

    40/100

  • Compensation

    D-

    49/100

Learn more on Comparably

Vestas News and Updates

Boiler Turbine and Generator (BTG) 2020 Global Market Key Players – Vestas, Enercon, Siemens, General Electric - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Boiler Turbine and Generator (BTG) Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Wind Turbines the Size of Skyscrapers Coming From MHI Vestas

Wind Turbines the Size of Skyscrapers Coming From MHI Vestas

Vestas Enters New Market With An Order In Colombia

Vestas has entered the Colombian wind power market with a 20 MW order for the Guajira I wind park, located at the municipality of Uribia, in La Guajira, Colombia

Vestas is Hiring Wind Technicians in Iowa - No Wind Experience Needed

Vestas is offering a sign-on bonus, a safe work environment, extensive training, a highly competitive salary and benefits
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Vestas Frequently Asked Questions

  • When was Vestas founded?

    Vestas was founded in 1898.

  • Who are Vestas key executives?

    Vestas's key executives are Henrik Andersen, Marika Fredriksson and Anders Nielsen.

  • How many employees does Vestas have?

    Vestas has 25,948 employees.

  • What is Vestas revenue?

    Latest Vestas annual revenue is €12.1 b.

  • What is Vestas revenue per employee?

    Latest Vestas revenue per employee is €468.1 k.

  • Who are Vestas competitors?

    Competitors of Vestas include Titan Wind Energy, Envision and Konсar Steel Structures.

  • Where is Vestas headquarters?

    Vestas headquarters is located at Hedeager 42, Aarhus.

  • Where are Vestas offices?

    Vestas has offices in Aarhus, Hammel, København, Lem and in 59 other locations.

  • How many offices does Vestas have?

    Vestas has 70 offices.