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 2635 mDKK in 2024, demonstrating a decline of -34.4 % compared to the previous year. The operating profit percentage was poor at -1.5 % (EBIT: -40.3 mDKK), while net earnings were 854.1 mDKK. The profitability of the company measured by Return on Assets (ROA) was 33.4 %, which can be considered excellent and Return on Equity (ROE) was 65.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 62.3 %, 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 1.6 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 1 267.00 | 1 759.00 | 979.00 | 4 018.63 | 2 635.04 |
Gross profit | 8.00 | - 198.00 | 182.00 | 33.25 | -30.20 |
EBIT | 8.00 | - 198.00 | 182.00 | 16.72 | -40.35 |
Net earnings | -16.00 | -73.00 | - 289.00 | 95.08 | 854.11 |
Shareholders equity total | 1 143.00 | 1 102.00 | 791.00 | 854.74 | 1 737.27 |
Balance sheet total (assets) | 2 624.00 | 3 154.00 | 4 460.00 | 3 725.50 | 3 047.86 |
Net debt | 675.91 | 894.40 | |||
Profitability | |||||
EBIT-% | 0.6 % | -11.3 % | 18.6 % | 0.4 % | -1.5 % |
ROA | 0.3 % | -6.9 % | 4.8 % | 6.5 % | 33.4 % |
ROE | -1.6 % | -6.5 % | -30.5 % | 11.6 % | 65.9 % |
ROI | 0.3 % | -6.9 % | 4.8 % | 8.9 % | 53.6 % |
Economic value added (EVA) | -38.08 | - 255.44 | 126.62 | -29.15 | - 109.45 |
Solvency | |||||
Equity ratio | 100.0 % | 100.0 % | 100.0 % | 48.8 % | 62.3 % |
Gearing | 82.2 % | 53.3 % | |||
Relative net indebtedness % | 70.8 % | 48.5 % | |||
Liquidity | |||||
Quick ratio | 0.6 | 1.6 | |||
Current ratio | 0.9 | 1.6 | |||
Cash and cash equivalents | 26.74 | 31.73 | |||
Capital use efficiency | |||||
Trade debtors turnover (days) | 11.9 | 16.9 | |||
Net working capital % | -4.5 % | 27.4 % | |||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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