VESTAS NORTHERN EUROPE A/S — Credit Rating and Financial Key Figures

CVR number: 28118171
Hedeager 42, 8200 Aarhus N
tel: 97300000
Free credit report Annual report

Company information

Official name
VESTAS NORTHERN EUROPE A/S
Personnel
1110 persons
Established
2004
Company form
Limited company
Industry

About VESTAS NORTHERN EUROPE A/S

VESTAS NORTHERN EUROPE A/S (CVR number: 28118171) is a company from AARHUS. The company reported a net sales of 2643.8 mDKK in 2024, demonstrating a growth of 32.4 % compared to the previous year. The operating profit percentage was at 5.6 % (EBIT: 149.1 mDKK), while net earnings were 343.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 16.8 %, which can be considered excellent and Return on Equity (ROE) was 43 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 38.2 %, 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 NORTHERN EUROPE A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales1 677.862 412.202 812.981 997.032 643.82
Gross profit57.51133.00232.74273.57246.62
EBIT27.5039.89107.75111.31149.14
Net earnings14.59207.5691.67113.31343.48
Shareholders equity total215.02422.59514.26627.57971.04
Balance sheet total (assets)1 457.403 654.392 569.952 340.493 465.71
Net debt687.58419.44
Profitability
EBIT-%1.6 %1.7 %3.8 %5.6 %5.6 %
ROA1.9 %1.6 %3.5 %8.0 %16.8 %
ROE7.0 %65.1 %19.6 %19.8 %43.0 %
ROI1.9 %1.6 %3.5 %10.1 %35.4 %
Economic value added (EVA)17.4229.0986.5260.7749.23
Solvency
Equity ratio100.0 %100.0 %100.0 %29.9 %38.2 %
Gearing109.6 %43.2 %
Relative net indebtedness %85.7 %94.3 %
Liquidity
Quick ratio0.60.8
Current ratio0.90.9
Cash and cash equivalents0.04
Capital use efficiency
Trade debtors turnover (days)21.353.3
Net working capital %-12.0 %-5.7 %
Credit risk
Credit ratingBBBBBBBBBAA

Variable visualization

ROA:16.8%
Rating: 69/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:38.2%
Rating: 32/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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