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 Ratings3.7
Overall CultureD-

Latest Updates

Employees (est.) (Mar 2020)25,948(+2%)
Job Openings975
Revenue (FY, 2019)€12.1 B(+20%)
Share Price (Nov 2021)KR230.5(+4%)
Cybersecurity ratingBMore
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Key People/Management at Vestas

Anders Runevad

Anders Runevad

Deputy Chairman of the Board of Directors
Henrik Andersen

Henrik Andersen

Group President, CEO & Director
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
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 57 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
Show all (73)

Vestas Financials and Metrics

Vestas Revenue

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View revenue for all periods
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 (Q3, 2020)

4.8b

Gross profit (Q3, 2020)

612.0m

Gross profit margin (Q3, 2020), %

12.8%

Net income (Q3, 2020)

290.0m

EBITDA (Q3, 2020)

581.0m

EBIT (Q3, 2020)

418.0m

Market capitalization (10-Nov-2021)

231.5b

Closing stock price (10-Nov-2021)

230.5

Cash (30-Sept-2020)

2.4b

EV

230.1b
Vestas's current market capitalization is kr231.5 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, 2020Q2, 2020Q3, 2020

Revenue

1.7b2.3b2.8b1.7b2.1b3.6b2.2b3.5b4.8b

Cost of goods sold

1.4b1.8b2.4b1.5b1.8b3.0b2.1b3.3b4.2b

Gross profit

281.0m416.0m435.0m235.0m301.0m615.0m159.0m228.0m612.0m

Gross profit Margin, %

17%18%15%14%14%17%7%6%13%
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, 2020Q2, 2020Q3, 2020

Cash

2.9b2.1b1.6b2.1b2.0b2.3b2.0b1.9b2.4b

Accounts Receivable

886.0m1.1b1.4b791.0m886.0m1.2b1.5b1.5b1.6b

Inventories

3.6b4.2b4.0b3.9b4.6b4.7b4.9b5.1b4.4b

Current Assets

8.0b8.2b8.2b8.7b9.7b10.4b10.9b11.1b10.6b
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)
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: 84.6% from Power Solutions and 15.4% from Service

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

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Vestas Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Vestas Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Vestas Online and Social Media Presence

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Vestas Company Culture

  • Overall Culture

    D-

    54/100

  • CEO Rating

    D-

    56/100

  • Compensation

    F

    42/100

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Vestas News and Updates

Data stolen in hack of wind turbine maker Vestas

Wind turbine maker Vestas Wind Systems A/S has been struck by a cyberattack that resulted in the theft of data. Vestas said in a statement today that it had discovered a “cybersecurity incident” on Nov. 19. The company added that it has since worked with external partners to contain the situation a…

Vestas Says Data Was Compromised in Cyber Security Incident

Vestas Says Data Was Compromised in Cyber Security Incident

: Wind turbine maker Vestas shuts some computer systems after cyber security incident

Vestas Wind Systems A/S, one of the world’s biggest wind turbine makers, said Saturday it shut down computer systems across several locations to deal with a cyber security incident.

Vestas Shuts Down Some IT Systems After Cyber Security Incident

Vestas Shuts Down Some IT Systems After Cyber Security Incident

Europe Markets: Vestas slides on margin cut, dragging renewables south, while Lufthansa lifted by busier skies

European stocks are hovering at record levels as investors absorb a fresh batch of earnings and look to a Fed outcome later.

Insights on the Wind Power Global Market to 2031 - Featuring HZ Windpower, Sinovel Wind Group and Vestas Among Others

DUBLIN, Oct. 1, 2021 /PRNewswire/ -- The "Wind Power Market - China and Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering. This study analyzes the historical and present-day scenario of the China and...
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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 Anders Runevad, Henrik Andersen and Marika Fredriksson.

  • 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 Nordex, Orsted and Goldwind.

  • 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 57 other locations.

  • How many offices does Vestas have?

    Vestas has 73 offices.