Business description: Vestas Wind Systems A/S

Vestas Wind Systems A/S is the world's leading manufacturer of wind turbines. Net sales by activity break down as follows:

- sale of wind turbines and wind energy production systems (78.6%): 2,837 turbines and systems (with a total capacity of 12,900 MW) delivered in 2024. The group also sells replacement parts;

- services (21.4%): notably maintenance services and warranty extension agreements.

Net sales are distributed geographically as follows: Denmark (2%), Germany (13.4%), Europe/Middle East/Africa (31.2%), the United States (20%), Brazil (10.1%), Americas (8.7%) and Asia/Pacific (14.6%).

Number of employees: 36,919

Sales by Activity: Vestas Wind Systems A/S

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Power Solutions

13.1B 11.33B 11.81B 13.6B 15.05B

Service

2.48B 3.16B 3.57B 3.7B 3.77B

Geographical breakdown of sales: Vestas Wind Systems A/S

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Other Countries

9.17B 10.08B 11.84B 9.43B 9.95B

USA

2.97B 2.97B 3.07B 3.46B 4.44B

Germany

- - - 2.32B 2.73B

Brazil

- - - 1.74B 1.26B

Denmark

811M 569M 473M 347M 440M

United Kingdom

2.63B 870M - - -

Executive Committee: Vestas Wind Systems A/S

Manager TitleAgeSince
Chief Executive Officer 58 01/08/2019
Director of Finance/CFO 48 01/06/2025
Chief Operating Officer 50 01/09/2025
Investor Relations Contact - 01/07/2023
Human Resources Officer 52 02/01/2024

Composition of the Board of Directors: Vestas Wind Systems A/S

Director TitleAgeSince
Director/Board Member 51 01/04/2008
Director/Board Member 55 01/11/2005
Director/Board Member 58 03/04/2019
Director/Board Member 56 03/04/2019
Director/Board Member 66 01/01/2020
Chairman 65 12/04/2023
Director/Board Member 58 01/05/2022
Director/Board Member 69 01/01/2022
Director/Board Member 45 09/04/2024
Director/Board Member 55 01/01/2024

Shareholders: Vestas Wind Systems A/S

NameEquities%Valuation
2.5 %
25,246,000 2.5 % 771 M kr
1.926 %
19,449,943 1.926 % 594 M kr
Nykredit Bank A/S (Investment Management)
0.6086 %
6,145,890 0.6086 % 188 M kr
Guardians of New Zealand Superannuation
0.5838 %
5,895,585 0.5838 % 180 M kr
Storebrand Asset Management AS
0.3486 %
3,519,911 0.3486 % 107 M kr
NameEquities%Valuation
Boston Common Asset Management LLC
0.0109 %
330,750 0.0109 % 3 M kr
Cacti Asset Management LLC
0.009778 %
296,250 0.009778 % 3 M kr
Grace & White, Inc.
0.009365 %
283,750 0.009365 % 3 M kr
RhumbLine Advisers LP
0.003705 %
112,252 0.003705 % 1 M kr
S & Co., Inc.
0.002012 %
60,950 0.002012 % 546 636 kr

Holdings: Vestas Wind Systems A/S

NameEquities%Valuation
19,449,943 1.93% 594 M $

Company details: Vestas Wind Systems A/S

Vestas Wind Systems A/S

Hedeager 42

8200, Aarhus

+45 97 30 00 00

http://www.vestas.com
address Vestas Wind Systems A/S(VWS)

Group companies: Vestas Wind Systems A/S

NameCategory and Sector
Vestas Technology R&D Chennai Pvt Ltd.
Vestas Technology R&D Chennai Pvt Ltd.
Vestas Portugal Lda.
Vestas Portugal Lda.

Wind Systems & Equipment

Change 5d. change 1-year change 3-years change Capi.($)
+0.48%-0.03%+61.06%-22.75% 24.66B
-0.92%-3.00%+173.33%+121.33% 13.79B
+0.33%-3.36%-10.37%+417.87% 6.95B
-0.67%-0.93%+216.89%+53.57% 5.72B
-2.69%-4.96%-6.28%-20.63% 4.53B
+0.15%+0.15%+4.66%+1.01% 2.84B
+0.86%-0.64%+69.23%+118.29% 2.72B
-2.27%+3.39%+27.84%-35.99% 2.46B
-2.10%+0.28%+31.71%-17.79% 2.28B
+0.37%-0.88%+89.45%+54.12% 2.16B
Average -0.64%-2.35%+65.75%+66.90% 6.81B
Weighted average by Cap. -0.29%-3.33%+81.79%+66.68%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
26
Last Close Price
21.06EUR
Average target price
23.43EUR
Spread / Average Target
+11.25%

Quarterly revenue - Rate of surprise

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