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.
| All figures in millions of EUR | 2024 2024-01-01 - 2024-12-31 | 2023 2023-01-01 - 2023-12-31 |
|---|---|---|
| Revenue | 17,295a | 15,382a |
| Production costs | -15,238a | -14,099a |
| Gross profit | 2,057a | 1,283a |
| Research and development costs | -380a | -371a |
| Distribution costs | -535a | -452a |
| Administration costs | -403a | -424a |
| Sale of technology | 0a | 147a |
| Income/(loss) from investments in joint ventures and associates | 2a | 48a |
| Operating profit/(loss) (EBIT) before special items | 741a | 231a |
| Special items | 53a | 61a |
| Operating profit/(loss) (EBIT) | 794a | 292a |
| Income/(loss) from investments in joint ventures and associates | -3a | -26a |
| Net financial items | -86a | -164a |
| Profit/(loss) before tax | 705a | 102a |
| Income tax | -211a | -24a |
| Profit/(loss) for the year | 494a | 78a |
| Profit/(loss) is attributable to: | — | — |
| Shareholders of Vestas Wind Systems A/S | 499a | 77a |
| Non-controlling interests | -5a | 1a |
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