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

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

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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

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

Annual

EUR	FY, 2018	FY, 2019	FY, 2020	FY, 2021
Revenue	10.1b	12.1b	14.8b	15.6b
Cost of goods sold	(8.3b)	(10.1b)	(13.0b)	(13.6b)
Gross profit	1.8b	2.0b	1.9b	2.0b
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	1.4b	1.6b	1.8b	1.3b
EBIT	961.0m	1.0b	1.1b	358.0m
Interest expense	(38.0m)	(63.0m)	(73.0m)	(77.0m)
Interest income	16.0m	39.0m	16.0m	19.0m
Pre tax profit	910.0m	909.0m	934.0m	257.0m
Income tax expense	(227.0m)	(209.0m)	(163.0m)	(81.0m)
Net Income	683.0m	700.0m	771.0m	176.0m

Quarterly

EUR	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Revenue	1.7b	2.1b	3.6b	2.2b	3.5b	4.8b	2.0b	3.5b	5.5b	2.5b
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	361.0m	428.0m	751.0m	310.0m	382.0m	781.0m	396.0m	596.0m	842.0m	331.0m
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	175.0m	264.0m	569.0m	46.0m	182.0m	582.0m	148.0m	354.0m	500.0m	(586.0m)
EBIT	49.0m	137.0m	433.0m	(105.0m)	28.0m	419.0m	(59.0m)	134.0m	210.0m	(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	34.0m	119.0m	390.0m	(107.0m)	(7.0m)	391.0m	(77.0m)	122.0m	170.0m	(889.0m)
Income tax expense	(9.0m)	(29.0m)	(87.0m)	27.0m	2.0m	(101.0m)	20.0m	(32.0m)	(47.0m)	124.0m
Net Income	25.0m	90.0m	303.0m	(80.0m)	(5.0m)	290.0m	(57.0m)	90.0m	123.0m	(765.0m)

Annual

EUR	FY, 2018	FY, 2019	FY, 2020	FY, 2021
Cash	2.9b	2.9b	3.1b	2.4b
Accounts Receivable	967.0m	1.5b	1.5b	1.5b
Prepaid Expenses	88.0m	125.0m	121.0m	102.0m
Inventories	3.0b	4.1b	5.3b	5.7b
Current Assets	8.6b	10.4b	12.2b	12.9b
PP&E	1.3b	1.7b	1.6b	1.6b
Goodwill	379.0m	386.0m	1.3b	1.5b
Total Assets	11.9b	14.3b	18.2b	19.7b
Accounts Payable	2.4b	3.1b	3.6b	4.3b
Short-term debt		159.0m	487.0m	704.0m
Current Liabilities	7.4b	9.3b	11.2b	12.7b
Long-term debt	498.0m	661.0m	867.0m	732.0m
Non-Current Liabilities	1.4b	1.6b	2.2b	2.3b
Total Debt	498.0m	820.0m	1.4b	1.4b
Total Liabilities	8.8b	11.0b	13.5b	15.0b
Common Stock	28.0m	27.0m	27.0m	27.0m
Retained Earnings	3.0b	3.3b	4.8b	4.7b
Total Equity	3.1b	3.3b	4.7b	4.8b

Quarterly

EUR	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Cash	2.1b	2.0b	2.3b	2.0b	1.9b	2.3b	1.7b	1.6b	1.9b	1.8b
Accounts Receivable	791.0m	886.0m	1.2b	1.5b	1.5b	1.6b	1.3b	1.4b	1.6b	1.4b
Prepaid Expenses	104.0m	96.0m	110.0m	175.0m	114.0m	129.0m	169.0m	182.0m	144.0m	106.0m
Inventories	3.9b	4.6b	4.7b	4.9b	5.1b	4.4b	6.7b	7.0b	5.9b	6.7b
Current Assets	8.7b	9.7b	10.4b	10.9b	11.1b	10.6b	12.4b	12.8b	12.5b	13.3b
PP&E	1.6b	1.6b	1.6b	1.6b	1.7b	1.7b	1.6b	1.5b	1.5b	1.5b
Goodwill	381.0m	380.0m	390.0m	389.0m	387.0m	383.0m	1.3b	1.3b	1.3b	1.5b
Total Assets	12.4b	13.4b	14.2b	14.9b	14.9b	14.6b	19.1b	19.6b	19.0b	20.1b
Accounts Payable	2.5b	2.9b	2.9b	3.1b	3.4b	3.3b	3.5b	3.9b	3.8b	4.1b
Short-term debt	71.0m	124.0m	162.0m	194.0m	235.0m	210.0m	223.0m	742.0m	696.0m	243.0m
Current Liabilities	7.7b	8.8b	9.4b	9.7b	10.1b	9.4b	11.8b	13.0b	12.3b	13.0b
Long-term debt	658.0m	642.0m	655.0m	674.0m	698.0m	738.0m	1.2b	737.0m	706.0m	1.7b
Non-Current Liabilities	1.6b	1.6b	1.6b	1.7b	1.7b	1.9b	2.6b	2.0b	1.9b	3.2b
Total Debt	729.0m	766.0m	817.0m	868.0m	933.0m	948.0m	1.4b	1.5b	1.4b	2.0b
Total Liabilities	9.3b	10.4b	10.9b	11.4b	11.8b	11.2b	14.4b	15.0b	14.2b	16.2b
Common Stock	28.0m	27.0m	27.0m	27.0m	26.0m	26.0m	27.0m	27.0m	27.0m	27.0m
Retained Earnings	3.0b	2.9b	3.2b	3.3b	3.0b	3.3b	4.7b	4.6b	4.7b	3.9b
Total Equity	3.1b	3.0b	3.3b	3.4b	3.2b	3.4b	4.7b	4.5b	4.7b	3.9b

Annual

EUR	FY, 2018	FY, 2019	FY, 2020	FY, 2021
Net Income	683.0m	700.0m	771.0m	176.0m
Depreciation and Amortization	458.0m	546.0m	684.0m	775.0m
Accounts Receivable		(730.0m)	(173.0m)	(117.0m)
Inventories		(1.2b)	200.0m	(705.0m)
Accounts Payable		702.0m	199.0m	678.0m
Cash From Operating Activities	1.0b	823.0m	743.0m	996.0m
Cash From Investing Activities	(1.1b)	(491.0m)	(267.0m)	(939.0m)
Short-term Borrowings		(61.0m)
Long-term Borrowings		92.0m	57.0m	(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

EUR	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Net Income	25.0m	115.0m	443.0m	(80.0m)	(85.0m)	125.0m	(57.0m)	33.0m	99.0m	(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	33.0m	71.0m	121.0m	53.0m	95.0m	128.0m	(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)

EUR	FY, 2018
Revenue/Employee	419.7k

	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 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 k	1.63 k	3.81 k	3.26 k	14.21 k	3 k	5.7 k	4.74 k	17.88 k	3.31 k	4.15 k	4.23 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 k	11.9 k	13.52 k	13.8 k	15.65 k	17.18 k	20.75 k	21.39 k	20.97 k	20.05 k	22.18 k	20.4 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 k	2.44 k	3.36 k	2.38 k	10.68 k	2.75 k	3.38 k	4.4 k	12.62 k	4.92 k	4.67 k	4.33 k
Produced and Shipped (Wind Turbines)	4.24 k	890	1.12 k	863	3.73 k	891	1.13 k	1.42 k	4.19 k	1.48 k	1.42 k	1.39 k
Deliveries, MW	8.78 k	1.19 k	1.97 k	3.09 k	10.85 k	1.6 k	2.07 k	4.15 k	12.88 k	2.23 k	4.02 k	5.99 k
Order Intake (EMEA), MW	5.01 k	654	1.33 k	823	6.27 k	720	1.33 k	2.05 k	10.27 k	1.91 k	1.65 k	2.2 k
Order Intake (Americas), MW	4.48 k	814	4.07 k	1.96 k	5.6 k	1.66 k	4.07 k	2.55 k	6 k	612	1.35 k	1.25 k
Order Intake (Asia-Pacific), MW	1.69 k	161	303	480	2.34 k	621	303	136	1.71 k	787	1.16 k	783
Order Backlog (Wind Turbines, EMEA), MW	4.5 k	5.2 k	7.65 k	6.09 k	6.04 k	7.46 k	7.65 k	8.19 k	10.59 k	9.15 k	9.93 k	10.37 k
Order Backlog (Wind Turbines, Americas), MW	5.24 k	4.97 k	10.19 k	6.26 k	7.02 k	6.74 k	10.19 k	10.71 k	7.89 k	10.1 k	8.9 k	6.86 k
Order Backlog (Wind Turbines, Asia-Pacific), MW	1.75 k	1.73 k	2.92 k	1.44 k	2.59 k	2.99 k	2.92 k	2.5 k	2.49 k	2.8 k	3.35 k	3.18 k
Onshore Deliveries (Russia), MW					50				151	131	108	123
Onshore Deliveries (Germany), MW	1.34 k	298	114	44	638	45	63	113	445	110	58	110
Onshore Deliveries (Greece), MW	128	20	31	85	158	7	4	17	184	105	31	72
Onshore Deliveries (France), MW	568	77	122	191	636	60	187	51	710	94	124	263
Onshore Deliveries (Sweden), MW	186		79	125	482	7	83	326	995	68	114	151
Onshore Deliveries (Poland), MW									76	42	2	152
Onshore Deliveries (Turkey), MW	136		4	3	25	16				41	50	143
Onshore Deliveries (Senegal), MW					8	11	37	40	128	22
Onshore Deliveries (Netherlands), MW				51	61	58	22		45	17	38	28
Onshore Deliveries (Ukraine), MW	62				32	9	43	63	319	8
Onshore Deliveries (Jordan), MW					94	21	24	28	70	8	8	4
Onshore Deliveries (Italy), MW	35	94	31	8	278	18	250	29	322	4
Onshore Deliveries (Norway), MW	73	14	22	331	471	17	69	277	470	4	148	489
Onshore Deliveries (United Kingdom), MW	499	11	49	124	431		18	61	114	4		10
Onshore Deliveries (Finland), MW	303	7			7	30		50	126	4	54	54
Onshore Deliveries (Denmark), MW	304	123			123				17			22
Onshore Deliveries (Ireland), MW	111		14		14			18	29
Onshore Deliveries (New Zealand), MW								6	13	17	22	29
Onshore Deliveries (Serbia), MW						3	39	3	72			1
Onshore Deliveries (Austria), MW	83	26	47	33	178		7	84	121			1
Onshore Deliveries (Spain), MW	22				70		225	251	597		43
Onshore Deliveries (Romania), MW									171
Onshore Deliveries (Belgium), MW	97		10	2	45		2	74	79			32
Onshore Deliveries (Kazakhstan), MW							45	7	52			31
Onshore Deliveries (Czech Republic), MW				2	11		15	4	20
Onshore Deliveries (Belarus), MW		2	2		4
Onshore Deliveries (Bahrain), MW		2			2
Onshore Deliveries (South Africa ), MW						7		2	3	2	1	8
Onshore Deliveries (Kenya), MW			310		310				3
Onshore Deliveries (EMEA), MW	4.06 k	674	525	999	4.13 k	309	1.13 k	1.5 k	5.32 k	664	859	1.77 k
Onshore Deliveries (USA), MW	2.99 k	261	428	1.25 k	2.83 k	704	432	1.53 k	4.38 k	523	1.93 k	2.75 k
Onshore Deliveries (Canada), MW	224			68	192	93	50	242	410	21	109
Onshore Deliveries (Panama), MW									24	40
Onshore Deliveries (Chile), MW					15		16	15	29	46	121	58
Onshore Deliveries (Argentina), MW	26		188	91	688	115	104	83	502	60	99	64
Onshore Deliveries (Mexico), MW	50			180	1.03 k	78	12	165	395	115	39	6
Onshore Deliveries (El Salvador), MW									1	23	1	10
Onshore Deliveries (Bolivia), MW						1	3	34	41	1		1
Onshore Deliveries (Dominican Republic), MW			3	41	48			29	58
Onshore Deliveries (Honduras), MW	46	13			13
Onshore Deliveries (Uruguay), MW	57				2
Onshore Deliveries (Curacao), MW	17
Onshore Deliveries (Brazil), MW	448		117	18	170					263	260	403
Onshore Deliveries (Americas), MW	3.86 k	274	736	1.65 k	5 k	991	617	2.1 k	5.84 k	1.09 k	2.56 k	3.29 k
Onshore Deliveries (Australia), MW	70	57	133	219	547	87	117	226	666	312	327	182
Onshore Deliveries (China), MW	578	38	192	100	373	31	103	173	515	61	165	565
Onshore Deliveries (India), MW	94	123	176		543	103	98	131	401	23	17	22
Onshore Deliveries (Sri Lanka), MW							1	3	26	19	36	25
Onshore Deliveries (Taiwan), MW				123				18	25	36	1
Onshore Deliveries (Vietnam), MW						33			33	4	30	41
Onshore Deliveries (Thailand), MW			180		180	47			47
Onshore Deliveries (Mongolia), MW	50	26	29		55
Onshore Deliveries (South Korea), MW	46				25							67
Onshore Deliveries (Japan), MW	22
Onshore Deliveries (Morocco), MW	120
Onshore Deliveries (Asia Pacific), MW	860	244	710	442	1.72 k	301	319	557	1.73 k	472	598
Onshore Deliveries, MW	8.78 k	1.19 k	1.97 k	3.09 k	10.85 k	1.6 k	2.07 k	4.15 k	12.88 k	2.23 k	4.02 k	5.99 k
Onshore Deliveries (Portugal), MW												20
Onshore Deliveries (Saudi Arabia), MW											80	59