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 |
|---|---|---|---|---|---|
| Total revenue | 18,822 | 17,295 | 15,382 | 14,486 | 15,587 |
| Cost of revenue | 16,325 | 15,238 | 14,099 | 14,294 | 14,031 |
| Gross profit | 2,497 | 2,057 | 1,283 | 192 | 1,556 |
| Selling, general and administrative | 1,006 | 938 | 876 | 791 | 739 |
| Research and development | 424 | 380 | 371 | 363 | 389 |
| Operating income | 1,067 | 739 | 36.0 | -962 | 428 |
| EBIT | 1,067 | 739 | 36.0 | -962 | 428 |
| EBITDA | 1,501 | 1,132 | 428 | -556 | 887 |
| Interest expense | 145 | 194 | 235 | 63.0 | 52.0 |
| Pre-tax income | 1,039 | 705 | 102 | -1,696 | 224 |
| Income tax | 259 | 211 | 24.0 | -124 | 81.0 |
| Net income | 778 | 499 | 77.0 | -1,572 | 134 |
| Net income to common shareholders | 778 | 499 | 77.0 | -1,572 | 134 |
| Basic EPS | 0.78 | 0.50 | 0.08 | -1.56 | 0.13 |
| Diluted EPS | 0.77 | 0.49 | 0.08 | -1.56 | 0.13 |
| Average shares (basic) | 999 | 1,006 | 1,006 | 1,006 | 1,005 |
| Average shares (diluted) | 1,004 | 1,010 | 1,010 | 1,006 | 1,008 |
| Dividend per share | 0.10 | 0.07 | — | — | 0.05 |