Vestas (VWS.CO) stock price, revenue, and financials

Vestas market cap is kr166 b, and annual revenue was €15.59 b in FY 2021

KR166 B

VWS.CO Mkt cap, 24-Jun-2022

€2.5 B

Vestas Revenue Q1, 2022
Vestas Gross profit (Q1, 2022)331 M
Vestas Net income (Q1, 2022)-765 M
Vestas EBITDA (Q1, 2022)-586 M
Vestas EBIT (Q1, 2022)-895 M
Vestas Cash, 31-Mar-20221.8 B
Vestas EV166.2 B
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Vestas Revenue Breakdown

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Vestas revenue breakdown by business segment: 84.1% from POWER SOLUTIONS (PREVIOUS IS PROJECT) and 15.9% from SERVICES

Vestas revenue breakdown by geographic segment: 5.2% from DENMARK, 58.8% from OTHER, 19.1% from USA and 16.9% from UNITED KINGDOM

Vestas Income Statement

Annual

EURFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

10.1b12.1b14.8b15.6b

Cost of goods sold

(8.3b)(10.1b)(13.0b)(13.6b)

Gross profit

1.8b2.0b1.9b2.0b

R&D expense

(67.0m)(83.0m)(62.0m)(87.0m)

Operating expense total

(457.0m)(460.0m)(439.0m)(689.0m)

Depreciation and amortization

(458.0m)(546.0m)(684.0m)(989.0m)

EBITDA

1.4b1.6b1.8b1.3b

EBIT

961.0m1.0b1.1b358.0m

Interest expense

(38.0m)(63.0m)(73.0m)(77.0m)

Interest income

16.0m39.0m16.0m19.0m

Pre tax profit

910.0m909.0m934.0m257.0m

Income tax expense

(227.0m)(209.0m)(163.0m)(81.0m)

Net Income

683.0m700.0m771.0m176.0m

Quarterly

EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.7b2.1b3.6b2.2b3.5b4.8b2.0b3.5b5.5b2.5b

Cost of goods sold

(1.4b)(1.7b)(2.9b)(1.9b)(3.2b)(4.0b)(1.6b)(2.9b)(4.7b)(2.2b)

Gross profit

361.0m428.0m751.0m310.0m382.0m781.0m396.0m596.0m842.0m331.0m

R&D expense

(66.0m)(63.0m)(62.0m)(72.0m)(64.0m)(67.0m)(87.0m)(94.0m)(81.0m)(149.0m)

Operating expense total

(192.0m)(173.0m)(186.0m)(271.0m)(194.0m)(200.0m)(260.0m)(275.0m)(346.0m)(916.0m)

Depreciation and amortization

(126.0m)(127.0m)(136.0m)(151.0m)(154.0m)(163.0m)(207.0m)(220.0m)(290.0m)(309.0m)

EBITDA

175.0m264.0m569.0m46.0m182.0m582.0m148.0m354.0m500.0m(586.0m)

EBIT

49.0m137.0m433.0m(105.0m)28.0m419.0m(59.0m)134.0m210.0m(895.0m)

Interest expense

(15.0m)(18.0m)(43.0m)(2.0m)(35.0m)(28.0m)(18.0m)(12.0m)(40.0m)

Pre tax profit

34.0m119.0m390.0m(107.0m)(7.0m)391.0m(77.0m)122.0m170.0m(889.0m)

Income tax expense

(9.0m)(29.0m)(87.0m)27.0m2.0m(101.0m)20.0m(32.0m)(47.0m)124.0m

Net Income

25.0m90.0m303.0m(80.0m)(5.0m)290.0m(57.0m)90.0m123.0m(765.0m)

Vestas Balance Sheet

Annual

EURFY, 2018FY, 2019FY, 2020FY, 2021

Cash

2.9b2.9b3.1b2.4b

Accounts Receivable

967.0m1.5b1.5b1.5b

Prepaid Expenses

88.0m125.0m121.0m102.0m

Inventories

3.0b4.1b5.3b5.7b

Current Assets

8.6b10.4b12.2b12.9b

PP&E

1.3b1.7b1.6b1.6b

Goodwill

379.0m386.0m1.3b1.5b

Total Assets

11.9b14.3b18.2b19.7b

Accounts Payable

2.4b3.1b3.6b4.3b

Short-term debt

159.0m487.0m704.0m

Current Liabilities

7.4b9.3b11.2b12.7b

Long-term debt

498.0m661.0m867.0m732.0m

Non-Current Liabilities

1.4b1.6b2.2b2.3b

Total Debt

498.0m820.0m1.4b1.4b

Total Liabilities

8.8b11.0b13.5b15.0b

Common Stock

28.0m27.0m27.0m27.0m

Retained Earnings

3.0b3.3b4.8b4.7b

Total Equity

3.1b3.3b4.7b4.8b

Quarterly

EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

2.1b2.0b2.3b2.0b1.9b2.3b1.7b1.6b1.9b1.8b

Accounts Receivable

791.0m886.0m1.2b1.5b1.5b1.6b1.3b1.4b1.6b1.4b

Prepaid Expenses

104.0m96.0m110.0m175.0m114.0m129.0m169.0m182.0m144.0m106.0m

Inventories

3.9b4.6b4.7b4.9b5.1b4.4b6.7b7.0b5.9b6.7b

Current Assets

8.7b9.7b10.4b10.9b11.1b10.6b12.4b12.8b12.5b13.3b

PP&E

1.6b1.6b1.6b1.6b1.7b1.7b1.6b1.5b1.5b1.5b

Goodwill

381.0m380.0m390.0m389.0m387.0m383.0m1.3b1.3b1.3b1.5b

Total Assets

12.4b13.4b14.2b14.9b14.9b14.6b19.1b19.6b19.0b20.1b

Accounts Payable

2.5b2.9b2.9b3.1b3.4b3.3b3.5b3.9b3.8b4.1b

Short-term debt

71.0m124.0m162.0m194.0m235.0m210.0m223.0m742.0m696.0m243.0m

Current Liabilities

7.7b8.8b9.4b9.7b10.1b9.4b11.8b13.0b12.3b13.0b

Long-term debt

658.0m642.0m655.0m674.0m698.0m738.0m1.2b737.0m706.0m1.7b

Non-Current Liabilities

1.6b1.6b1.6b1.7b1.7b1.9b2.6b2.0b1.9b3.2b

Total Debt

729.0m766.0m817.0m868.0m933.0m948.0m1.4b1.5b1.4b2.0b

Total Liabilities

9.3b10.4b10.9b11.4b11.8b11.2b14.4b15.0b14.2b16.2b

Common Stock

28.0m27.0m27.0m27.0m26.0m26.0m27.0m27.0m27.0m27.0m

Retained Earnings

3.0b2.9b3.2b3.3b3.0b3.3b4.7b4.6b4.7b3.9b

Total Equity

3.1b3.0b3.3b3.4b3.2b3.4b4.7b4.5b4.7b3.9b

Vestas Cash Flow

Annual

EURFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

683.0m700.0m771.0m176.0m

Depreciation and Amortization

458.0m546.0m684.0m775.0m

Accounts Receivable

(730.0m)(173.0m)(117.0m)

Inventories

(1.2b)200.0m(705.0m)

Accounts Payable

702.0m199.0m678.0m

Cash From Operating Activities

1.0b823.0m743.0m996.0m

Cash From Investing Activities

(1.1b)(491.0m)(267.0m)(939.0m)

Short-term Borrowings

(61.0m)

Long-term Borrowings

92.0m57.0m(318.0m)

Dividends Paid

(250.0m)(197.0m)(209.0m)(228.0m)

Cash From Financing Activities

(639.0m)(367.0m)(234.0m)(715.0m)

Net Change in Cash

(735.0m)(30.0m)175.0m(643.0m)

Quarterly

EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

25.0m115.0m443.0m(80.0m)(85.0m)125.0m(57.0m)33.0m99.0m(765.0m)

Cash From Operating Activities

(700.0m)(600.0m)(949.0m)(760.0m)(709.0m)(781.0m)(746.0m)(386.0m)(609.0m)(928.0m)

Cash From Investing Activities

(176.0m)(156.0m)(418.0m)(159.0m)(114.0m)(415.0m)(344.0m)(538.0m)(1.0b)(195.0m)

Short-term Borrowings

(14.0m)(14.0m)(28.0m)

Long-term Borrowings

33.0m71.0m121.0m53.0m95.0m128.0m(275.0m)(256.0m)(581.0m)530.0m

Dividends Paid

(197.0m)(197.0m)(208.0m)(208.0m)(228.0m)(228.0m)

Cash From Financing Activities

(175.0m)(158.0m)42.0m(148.0m)(144.0m)(309.0m)(564.0m)(976.0m)494.0m

Net Change in Cash

(864.0m)(923.0m)(1.5b)(923.0m)(1.0b)(1.5b)(1.4b)(1.5b)(2.6b)(619.0m)

Vestas Ratios

EURFY, 2018

Revenue/Employee

419.7k

Vestas Operating Metrics

FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Order Intake

€8.9 b€1.2 b€2.7 b€2.5 b€10.6 b€2.4 b€4.3 b€3.5 b€13.8 b€2.4 b€3.2 b€3.1 b

Order Intake, MW

11.18 k1.63 k3.81 k3.26 k14.21 k3 k5.7 k4.74 k17.88 k3.31 k4.15 k4.23 k

Order Backlog (Wind Turbines)

€8.8 b€9.3 b€10.2 b€10.5 b€11.9 b€13.3 b€15.9 b€16.5 b€16 b€15.9 b€16.2 b€14.6 b

Order Backlog (Wind Turbines), MW

11.49 k11.9 k13.52 k13.8 k15.65 k17.18 k20.75 k21.39 k20.97 k20.05 k22.18 k20.4 k

Order Backlog (Service)

€12.1 b€12.3 b€12.8 b€13.2 b€14.3 b€15 b€15.6 b€16.3 b€17.8 b€18.2 b€18.9 b€19.3 b

Produced and Shipped (Wind Turbines), MW

11.24 k2.44 k3.36 k2.38 k10.68 k2.75 k3.38 k4.4 k12.62 k4.92 k4.67 k4.33 k

Produced and Shipped (Wind Turbines)

4.24 k8901.12 k8633.73 k8911.13 k1.42 k4.19 k1.48 k1.42 k1.39 k

Deliveries, MW

8.78 k1.19 k1.97 k3.09 k10.85 k1.6 k2.07 k4.15 k12.88 k2.23 k4.02 k5.99 k

Order Intake (EMEA), MW

5.01 k6541.33 k8236.27 k7201.33 k2.05 k10.27 k1.91 k1.65 k2.2 k

Order Intake (Americas), MW

4.48 k8144.07 k1.96 k5.6 k1.66 k4.07 k2.55 k6 k6121.35 k1.25 k

Order Intake (Asia-Pacific), MW

1.69 k1613034802.34 k6213031361.71 k7871.16 k783

Order Backlog (Wind Turbines, EMEA), MW

4.5 k5.2 k7.65 k6.09 k6.04 k7.46 k7.65 k8.19 k10.59 k9.15 k9.93 k10.37 k

Order Backlog (Wind Turbines, Americas), MW

5.24 k4.97 k10.19 k6.26 k7.02 k6.74 k10.19 k10.71 k7.89 k10.1 k8.9 k6.86 k

Order Backlog (Wind Turbines, Asia-Pacific), MW

1.75 k1.73 k2.92 k1.44 k2.59 k2.99 k2.92 k2.5 k2.49 k2.8 k3.35 k3.18 k

Onshore Deliveries (Russia), MW

50151131108123

Onshore Deliveries (Germany), MW

1.34 k29811444638456311344511058110

Onshore Deliveries (Greece), MW

12820318515874171841053172

Onshore Deliveries (France), MW

56877122191636601875171094124263

Onshore Deliveries (Sweden), MW

1867912548278332699568114151

Onshore Deliveries (Poland), MW

76422152

Onshore Deliveries (Turkey), MW

1364325164150143

Onshore Deliveries (Senegal), MW

811374012822

Onshore Deliveries (Netherlands), MW

5161582245173828

Onshore Deliveries (Ukraine), MW

6232943633198

Onshore Deliveries (Jordan), MW

9421242870884

Onshore Deliveries (Italy), MW

359431827818250293224

Onshore Deliveries (Norway), MW

73142233147117692774704148489

Onshore Deliveries (United Kingdom), MW

49911491244311861114410

Onshore Deliveries (Finland), MW

30377305012645454

Onshore Deliveries (Denmark), MW

3041231231722

Onshore Deliveries (Ireland), MW

11114141829

Onshore Deliveries (New Zealand), MW

613172229

Onshore Deliveries (Serbia), MW

3393721

Onshore Deliveries (Austria), MW

832647331787841211

Onshore Deliveries (Spain), MW

227022525159743

Onshore Deliveries (Romania), MW

171

Onshore Deliveries (Belgium), MW

97102452747932

Onshore Deliveries (Kazakhstan), MW

4575231

Onshore Deliveries (Czech Republic), MW

21115420

Onshore Deliveries (Belarus), MW

224

Onshore Deliveries (Bahrain), MW

22

Onshore Deliveries (South Africa ), MW

723218

Onshore Deliveries (Kenya), MW

3103103

Onshore Deliveries (EMEA), MW

4.06 k6745259994.13 k3091.13 k1.5 k5.32 k6648591.77 k

Onshore Deliveries (USA), MW

2.99 k2614281.25 k2.83 k7044321.53 k4.38 k5231.93 k2.75 k

Onshore Deliveries (Canada), MW

22468192935024241021109

Onshore Deliveries (Panama), MW

2440

Onshore Deliveries (Chile), MW

151615294612158

Onshore Deliveries (Argentina), MW

261889168811510483502609964

Onshore Deliveries (Mexico), MW

501801.03 k7812165395115396

Onshore Deliveries (El Salvador), MW

123110

Onshore Deliveries (Bolivia), MW

13344111

Onshore Deliveries (Dominican Republic), MW

341482958

Onshore Deliveries (Honduras), MW

461313

Onshore Deliveries (Uruguay), MW

572

Onshore Deliveries (Curacao), MW

17

Onshore Deliveries (Brazil), MW

44811718170263260403

Onshore Deliveries (Americas), MW

3.86 k2747361.65 k5 k9916172.1 k5.84 k1.09 k2.56 k3.29 k

Onshore Deliveries (Australia), MW

705713321954787117226666312327182

Onshore Deliveries (China), MW

578381921003733110317351561165565

Onshore Deliveries (India), MW

9412317654310398131401231722

Onshore Deliveries (Sri Lanka), MW

1326193625

Onshore Deliveries (Taiwan), MW

1231825361

Onshore Deliveries (Vietnam), MW

333343041

Onshore Deliveries (Thailand), MW

1801804747

Onshore Deliveries (Mongolia), MW

50262955

Onshore Deliveries (South Korea), MW

462567

Onshore Deliveries (Japan), MW

22

Onshore Deliveries (Morocco), MW

120

Onshore Deliveries (Asia Pacific), MW

8602447104421.72 k3013195571.73 k472598

Onshore Deliveries, MW

8.78 k1.19 k1.97 k3.09 k10.85 k1.6 k2.07 k4.15 k12.88 k2.23 k4.02 k5.99 k

Onshore Deliveries (Portugal), MW

20

Onshore Deliveries (Saudi Arabia), MW

8059

Vestas Human Capital

FY, 2019FY, 2018FY, 2017
Male, percent86.1%87%87%
Female, percent13.9%13%13%

Job Roles

FY, 2019FY, 2018FY, 2017
Manufacturing and Global Sourcing43.3%45.5%45.2%
Sales and Service43.2%41.9%42%
Power Solutions7.8%7.4%6.7%
Other5.7%5.2%6.1%

Vestas Employee Rating

3.71375 votes
Culture & Values
3.4
Work/Life Balance
3.5
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.2
Source