VESTAS MEDITERRANEAN A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 3 132.00 | 1 187.00 | 1 733.00 | 1 003.74 | 3 998.57 |
Gross profit | 21.00 | 31.00 | - 142.00 | 249.36 | 36.45 |
EBIT | 21.00 | 31.00 | - 142.00 | 246.66 | 24.19 |
Net earnings | - 165.00 | -2.00 | - 255.34 | 92.45 | |
Shareholders equity total | 917.00 | 1 161.00 | 1 204.00 | 928.87 | 986.17 |
Balance sheet total (assets) | 2 629.00 | 2 510.00 | 3 067.00 | 4 389.27 | 3 639.27 |
Net debt | 192.66 | 454.70 | |||
Profitability | |||||
EBIT-% | 0.7 % | 2.6 % | -8.2 % | 24.6 % | 0.6 % |
ROA | 0.8 % | 1.2 % | -5.1 % | 4.3 % | 8.8 % |
ROE | -18.0 % | -0.2 % | -23.9 % | 9.7 % | |
ROI | 0.9 % | 1.2 % | -5.1 % | 7.6 % | 27.5 % |
Economic value added (EVA) | 26.67 | -15.08 | - 200.34 | 114.62 | 14.83 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 69.6 % | 60.8 % |
Gearing | 20.7 % | 46.2 % | |||
Relative net indebtedness % | 344.0 % | 66.3 % | |||
Liquidity | |||||
Quick ratio | 1.3 | 0.7 | |||
Current ratio | 1.0 | 1.0 | |||
Cash and cash equivalents | 1.04 | ||||
Capital use efficiency | |||||
Trade debtors turnover (days) | 12.4 | 7.3 | |||
Net working capital % | 9.2 % | -1.1 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | A |
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