VESTAS MEDITERRANEAN A/S — Credit Rating and Financial Key Figures

CVR number: 28118201
Hedeager 42, 8200 Aarhus N
tel: 97300000

Company information

Official name
VESTAS MEDITERRANEAN A/S
Established
2004
Company form
Limited company
Industry

About VESTAS MEDITERRANEAN A/S

VESTAS MEDITERRANEAN A/S (CVR number: 28118201) is a company from AARHUS. The company reported a net sales of 3998.6 mDKK in 2023, demonstrating a growth of 298.4 % compared to the previous year. The operating profit percentage was at 0.6 % (EBIT: 24.2 mDKK), while net earnings were 92.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 8.8 %, which can be considered good and Return on Equity (ROE) was 9.7 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 60.8 %, 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 MEDITERRANEAN 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 (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales3 132.001 187.001 733.001 003.743 998.57
Gross profit21.0031.00- 142.00249.3636.45
EBIT21.0031.00- 142.00246.6624.19
Net earnings- 165.00-2.00- 255.3492.45
Shareholders equity total917.001 161.001 204.00928.87986.17
Balance sheet total (assets)2 629.002 510.003 067.004 389.273 639.27
Net debt192.66454.70
Profitability
EBIT-%0.7 %2.6 %-8.2 %24.6 %0.6 %
ROA0.8 %1.2 %-5.1 %4.3 %8.8 %
ROE-18.0 %-0.2 %-23.9 %9.7 %
ROI0.9 %1.2 %-5.1 %7.6 %27.5 %
Economic value added (EVA)26.67-15.08- 200.34114.6214.83
Solvency
Equity ratio100.0 %100.0 %100.0 %69.6 %60.8 %
Gearing20.7 %46.2 %
Relative net indebtedness %344.0 %66.3 %
Liquidity
Quick ratio1.30.7
Current ratio1.01.0
Cash and cash equivalents1.04
Capital use efficiency
Trade debtors turnover (days)12.47.3
Net working capital %9.2 %-1.1 %
Credit risk
Credit ratingBBBBBBBBBBBBA

Variable visualization

ROA:8.81%
Rating: 54/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:60.8%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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