VESTAS OFFSHORE WIND A/S

CVR number: 27918042
Hedeager 42, 8200 Aarhus N

Credit rating

Company information

Official name
VESTAS OFFSHORE WIND A/S
Established
2004
Company form
Limited company
Industry
  • Expand more icon64Financial service activities, except insurance and pension funding

About VESTAS OFFSHORE WIND A/S

VESTAS OFFSHORE WIND A/S (CVR number: 27918042K) is a company from AARHUS. The company reported a net sales of 1299.5 mEUR in 2018, demonstrating a growth of 37.9 % compared to the previous year. The operating profit percentage was at 1.6 % (EBIT: 20.9 mEUR), while net earnings were 53 mEUR. The profitability of the company measured by Return on Assets (ROA) was 1.4 %, which can be considered weak but Return on Equity (ROE) was 29.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 23.3 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VESTAS OFFSHORE WIND A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (mEUR)

EBIT (mEUR)

Profitability

Solidity

Key figures (mEUR)

See financials
2015201620172018
Volume
Net sales535.91531.24942.151 299.55
Gross profit30.85-11.8920.00133.01
EBIT-46.31- 119.45-98.5720.88
Net earnings-44.22- 120.53-98.2952.99
Shareholders equity total436.99313.17195.75168.92
Balance sheet total (assets)840.651 369.901 376.671 628.38
Net debt-30.3410.60-64.41- 154.47
Profitability
EBIT-%-8.6 %-22.5 %-10.5 %1.6 %
ROA-5.1 %-10.7 %-7.0 %1.4 %
ROE-10.1 %-32.1 %-38.6 %29.1 %
ROI-9.0 %-25.7 %-26.7 %8.3 %
Economic value added (EVA)-46.58- 139.29- 110.0210.75
Solvency
Equity ratio74.3 %47.0 %31.6 %23.3 %
Gearing7.6 %39.1 %25.7 %24.5 %
Relative net indebtedness %63.4 %175.5 %113.2 %97.2 %
Liquidity
Quick ratio0.80.80.60.6
Current ratio1.00.90.80.8
Cash and cash equivalents63.65111.71114.62195.82
Capital use efficiency
Trade debtors turnover (days)11.676.733.422.5
Net working capital %-1.7 %-26.8 %-26.4 %-23.5 %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:1.44%
Rating: 27/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:23.3%
Rating: 22/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

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