Vestas Wind Systems
kr 189.70Change from previous close: −3.29%Absolute change: −kr 6.45
At a glance
- Revenue growth
- +8.83%
- 2025 vs 2024
- Net income growth
- +55.91%
- 2025 vs 2024
- Net margin
- 4.1%
- 2024: 2.9%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 2,286 | 2,332 | 1,027 | -195 | 956 |
| Depreciation and amortization | 669 | 580 | 553 | 558 | 605 |
| Capital expenditure | -821 | -670 | -456 | -371 | -476 |
| Investing cash flow | -1,164 | -1,341 | -782 | -679 | -899 |
| Financing cash flow | -544 | -478 | 743 | 846 | -715 |
| Dividends paid | -74.0 | — | — | -50.0 | -228 |
| Share repurchases | -282 | -40.0 | -11.0 | 0.0 | -12.0 |
| Debt issued | 150 | 84.0 | 1,137 | 1,756 | — |
| Debt repaid | -122 | -345 | -221 | -713 | — |
| Effect of exchange rates | -11.0 | -14.0 | -48.0 | -14.0 | 15.0 |
| Net change in cash | 567 | 499 | 940 | -42.0 | -643 |
| Free cash flow | 1,465 | 1,662 | 571 | -566 | 480 |
| Levered free cash flow | 986 | 977 | 51.6 | -272 | 322 |