Vestas Wind Systems A/S VWS.CO
Nasdaq Copenhagen · Industrials · Specialty Industrial Machinery
209.90 DKK
+2.3%
2026-11-06
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Annual accounts for Vestas Wind Systems
| EUR million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 14,486 | 15,382 | 17,295 | 18,822 |
| EBITDA | −545 | 1,126 | 1,761 | 2,243 |
| Net income | −1,572 | 77 | 499 | 778 |
| Balance sheet | ||||
| Equity | 3,044 | 3,027 | 3,529 | 3,867 |
| Total debt | 2,427 | 3,387 | 3,271 | 3,374 |
| Cash | 2,352 | 3,288 | 3,785 | 4,367 |
| Net debt | 75 | 99 | −514 | −993 |
| Ratios and per share | ||||
| EBITDA margin | −3.8% | 7.3% | 10.2% | 11.9% |
| Profit margin | −10.9% | 0.5% | 2.9% | 4.1% |
| Return on equity | −51.6% | 2.5% | 14.1% | 20.1% |
| Earnings/share (EUR) | −1.56 | 0.08 | 0.50 | 0.79 |
| Book value/share (EUR) | 3.03 | 3.01 | 3.51 | 3.90 |
| Shares outstanding (M) | 1,006 | 1,006 | 1,006 | 990 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Key figures
| P/E | 35.7 |
| P/B | 7.2 |
| EV / EBITDA | 11.9 |
| Net debt / EBITDA | −0.4 |
| Return on equity | 20.1% |
| Profit margin | 4.1% |
| Beta 1Y | 0.65 |
| Revenue growth 1Y | +8.8% |
| Revenue CAGR 3Y | +9.1% |
| ROE avg. 3Y | 12.3% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (DKK)
| 2026 | 0.74 |
| 2025 | 0.55 |
| 2022 | 0.37 |
Not investment advice. Figures may contain errors from the data source.