Overview
As a global leader in energy solutions, Vestas designs, manufactures, installs, develops, and services onshore and offshore wind turbines across the globe. With more than 179 GW of wind turbines installed in nearly 90 countries, the company's sustainable energy solutions have already prevented 1.9 billion tonnes of CO2 from being emitted into the atmosphere and contributed to a more sustainable energy system. It has more than 40 years of experience
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Read More in wind energy and was the first company to reach the 100 GW landmarks for both the installation and service of wind turbines. Together with its customers, Vestas' more than 30,000 employees are bringing the world sustainable energy solutions to power a bright future. The company generates about 50% of its revenue from the EMEA region.
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Read More in wind energy and was the first company to reach the 100 GW landmarks for both the installation and service of wind turbines. Together with its customers, Vestas' more than 30,000 employees are bringing the world sustainable energy solutions to power a bright future. The company generates about 50% of its revenue from the EMEA region.
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Henrik Andersen
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Scientific Research and Development Services
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Engine, Turbine, and Power Transmission Equipment Manufacturing
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Machinery, Equipment, and Supplies Merchant Wholesalers
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Commercial physical research
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Internal combustion engines, nec
See All Industries Industrial machinery and equipment
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See All Industries Industrial machinery and equipment
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Management, Scientific, and Technical Consulting Services
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Other Professional, Scientific, and Technical Services
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Specialized Design Services
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Actual
$2.45 billion
Actual
12.44%
548.05%
$24,644
DEC
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OMXCop:VWS
Contacts
Get in Touch with 14 Principals*
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Henrik AndersenManaging Director
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.45 billion
USD
Actual
1 USD = 7.0532 DKK
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $331 | $146 | -$28 |
| Net Investing Cash | -$190 | -$111 | -$96 |
| Net Financing Cash | -$68 | $105 | $120 |
| Net Change in Cash | $73 | $140 | -$4 |
| Cash at Beginning of Period | $470 | $337 | $343 |
| Cash at End of Period | $541 | $470 | $337 |
| Capital Expenditure | -$164 | -$126 | -$116 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $537 | $466 | $333 |
| Accounts Receivable | $244 | $185 | $181 |
| Inventories | $852 | $926 | $904 |
| Other Current Assets | $649 | $538 | $514 |
| Asset Summary | |||
| Total Current Assets | $2,281 | $2,115 | $1,932 |
| Tangible Fixed Assets | $334 | $271 | $248 |
| Intangible Assets | $265 | $240 | $220 |
| Total Assets | $24,644 | $22,514 | $20,090 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $585 | $530 | $580 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $1,609 | $1,458 | $1,336 |
| Liability Summary | |||
| Total Current Liabilities | $2,195 | $1,988 | $1,916 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $40 | $29 | $8 |
| Total Liabilities | $2,992 | $2,761 | $2,414 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4 | $4 | $4 |
| Retained Earnings | $508 | $440 | $426 |
| Equity Summary | |||
| Total Equity | $500 | $429 | $432 |
| Shares Outstanding | 1,005,762,617 | 1,006,473,655 | 1,006,177,558 |