VESTAS OFFSHORE WIND A/S — Credit Rating and Financial Key Figures

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

About VESTAS OFFSHORE WIND A/S

VESTAS OFFSHORE WIND A/S (CVR number: 27918042) is a company from AARHUS. The company reported a net sales of 1445.7 mEUR in 2021, demonstrating a growth of 117.6 % compared to the previous year. The operating profit percentage was at 115.6 % (EBIT: 1671.8 mEUR), while net earnings were 1304.7 mEUR. The profitability of the company measured by Return on Assets (ROA) was 80.3 %, which can be considered excellent and Return on Equity (ROE) was 156.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 68.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. VESTAS OFFSHORE WIND A/S's liquidity measured by quick ratio was 3.1 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.

Financial information

See financials

Net sales (mEUR)

EBIT (mEUR)

Profitability

Solidity

Key figures (mEUR)

See financials
2017
2018
2019
2020
2021
Volume
Net sales745.341 350.801 255.70664.481 445.69
Gross profit-4.4790.29195.71-83.77322.44
EBIT- 104.828.84102.14- 130.751 671.76
Net earnings-98.2952.992.52-68.441 304.73
Shareholders equity total195.75168.92204.00174.661 493.66
Balance sheet total (assets)1 304.681 329.081 385.882 068.452 193.37
Net debt-14.86-2.4693.13307.5324.20
Profitability
EBIT-%-14.1 %0.7 %8.1 %-19.7 %115.6 %
ROA-7.5 %1.7 %2.7 %-7.1 %80.3 %
ROE-38.6 %29.1 %1.4 %-36.1 %156.4 %
ROI-24.3 %6.7 %8.4 %-18.5 %147.2 %
Economic value added (EVA)- 109.128.7096.74-92.821 302.31
Solvency
Equity ratio33.3 %22.1 %20.6 %7.5 %68.1 %
Gearing43.8 %83.6 %80.8 %276.7 %1.8 %
Relative net indebtedness %135.3 %75.3 %88.4 %258.6 %48.2 %
Liquidity
Quick ratio0.50.40.30.43.1
Current ratio0.70.70.70.83.1
Cash and cash equivalents100.58143.6871.66175.782.20
Capital use efficiency
Trade debtors turnover (days)0.81.41.20.30.4
Net working capital %-39.4 %-26.0 %-22.1 %-48.6 %101.1 %
Credit risk
Credit ratingBBBAABBBBBB

Variable visualization

ROA:80.3%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:68.1%
Rating: 52/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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