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

CVR number: 10403782
Hedeager 42, 8200 Aarhus N
vestas@vestas.dk
tel: 97300001
www.vestas.com

Credit rating

Company information

Official name
VESTAS WIND SYSTEMS A/S
Personnel
3361 persons
Established
1986
Company form
Limited company
Industry
  • Expand more icon721000

About VESTAS WIND SYSTEMS A/S

VESTAS WIND SYSTEMS A/S (CVR number: 10403782K) is a company from AARHUS. The company reported a net sales of 17295 mEUR in 2024, demonstrating a growth of 12.4 % compared to the previous year. The operating profit percentage was at 4.6 % (EBIT: 794 mEUR), while net earnings were 494 mEUR. The profitability of the company measured by Return on Assets (ROA) was 3.4 %, which can be considered weak but Return on Equity (ROE) was 15.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 14.4 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. VESTAS WIND SYSTEMS A/S's liquidity measured by quick ratio was 0.7 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
2020
2021
2022
2023
2024
Volume
Net sales14 819.0015 587.0014 486.0015 382.0017 295.00
Gross profit1 538.001 556.00118.001 283.002 057.00
EBIT698.00289.00-1 596.00292.00794.00
Net earnings771.00143.00-1 572.0078.00494.00
Shareholders equity total4 703.004 697.003 060.003 042.003 542.00
Balance sheet total (assets)18 160.0019 648.0020 090.0022 514.0024 644.00
Net debt-1 709.00- 984.0049.0069.00- 546.00
Profitability
EBIT-%4.7 %1.9 %-11.0 %1.9 %4.6 %
ROA5.8 %1.8 %-7.8 %1.4 %3.4 %
ROE9.6 %3.1 %-40.7 %2.6 %15.1 %
ROI10.3 %5.0 %-23.2 %4.2 %10.3 %
Economic value added (EVA)654.4431.17-1 629.4180.28403.10
Solvency
Equity ratio25.9 %23.9 %15.2 %13.5 %14.4 %
Gearing28.8 %30.6 %79.3 %111.3 %92.3 %
Relative net indebtedness %70.1 %80.4 %101.1 %105.0 %99.9 %
Liquidity
Quick ratio0.60.60.50.60.7
Current ratio1.11.01.01.11.0
Cash and cash equivalents3 063.002 420.002 378.003 318.003 817.00
Capital use efficiency
Trade debtors turnover (days)37.935.932.331.036.3
Net working capital %6.8 %1.1 %-0.4 %5.9 %3.5 %
Credit risk
Credit ratingAABBAA

Variable visualization

ROA:3.37%
Rating: 37/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:14.4%
Rating: 14/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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