Vestas Wind Systems A/S

Common Name

Vestas Wind Systems

Country

Denmark

Sector

Industrials

Industry

Specialty Industrial Machinery

Employees

36,808

Ticker

VWS

Exchange

Nasdaq Copenhagen

Website

www.vestas.com

Description

Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines, established in 1945 and recognized as a global leader in sustainable energy solutions. The company d... Show more

Income Statement Balance Sheet

Vestas Wind Systems's Financial Statements Preview

Below are the financial statements of Vestas Wind Systems, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

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All figures in millions of EUR	2024 as of 2024-12-31	2023 as of 2023-12-31
Intangible assets	3,385^a	3,203^a
Property, plant and equipment	2,353^a	1,911^a
Investments in joint ventures and associates	577^a	593^a
Other investments	161^a	99^a
Tax receivables	832^a	522^a
Deferred tax	722^a	795^a
Other receivables	422^a	372^a
Financial investments	103^a	98^a
Total non-current assets	8,555^a	7,593^a
Inventories	6,008^a	6,530^a
Trade receivables	1,719^a	1,305^a
Contract assets	2,127^a	1,777^a
Contract costs	526^a	505^a
Tax receivables	214^a	209^a
Other receivables	1,518^a	1,274^a
Financial investments	160^a	3^a
Cash and cash equivalents	3,817^a	3,318^a
Total current assets	16,089^a	14,921^a
Total assets	24,644^a	22,514^a
Share capital	27^a	27^a
Other reserves	-78^a	-102^a
Retained earnings	3,580^a	3,102^a
Equity attributable to Vestas Wind System A/S shareholders	3,529^a	3,027^a
Non-controlling interests	13^a	15^a
Total equity	3,542^a	3,042^a
Provisions	1,263^a	1,225^a
Deferred tax	179^a	164^a
Financial debts	3,071^a	3,224^a
Tax payables	830^a	635^a
Other liabilities	279^a	204^a
Total non-current liabilities	5,622^a	5,452^a
Provisions	944^a	783^a
Contract liabilities	8,997^a	7,995^a
Financial debts	200^a	163^a
Trade payables	4,129^a	3,738^a
Tax payables	141^a	176^a
Other liabilities	1,069^a	1,165^a
Total current liabilities	15,480^a	14,020^a
Total liabilities	21,102^a	19,472^a
Total equity and liabilities	24,644^a	22,514^a

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Verified Sources Behind Vestas Wind Systems’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Vestas Wind Systems's Annual Report 2024

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