Vestas Wind Systems
kr 200.20Change from previous close: +5.54%Absolute change: +kr 10.50
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 419 | -289 | 1,298 | 840 | 120 | 28.0 | 2,167 | 89.0 | 831 | -755 | 1,984 | -31.0 |
| Depreciation and amortization | 298 | 272 | -74.0 | 257 | 258 | 228 | -53.0 | 209 | 225 | 199 | -39.0 | 194 |
| Capital expenditure | -198 | -118 | -281 | -174 | -187 | -179 | -247 | -172 | -147 | -104 | -161 | -124 |
| Investing cash flow | -363 | -191 | -252 | -302 | -291 | -319 | -421 | -373 | -332 | -215 | -305 | -208 |
| Financing cash flow | -808 | 307 | -195 | -63.0 | -171 | -115 | -148 | -143 | -151 | -36.0 | -41.0 | 434 |
| Dividends paid | -98.0 | — | 0.0 | — | -74.0 | — | — | — | — | — | — | — |
| Share repurchases | -129 | -93.0 | -150 | 0.0 | -32.0 | -100 | — | — | -40.0 | — | — | — |
| Debt issued | 28.0 | 507 | 23.0 | 44.0 | 16.0 | 67.0 | 19.0 | 21.0 | 22.0 | 22.0 | 39.0 | 511 |
| Debt repaid | -609 | -107 | -68.0 | -107 | -81.0 | -82.0 | -167 | -164 | -133 | -58.0 | -80.0 | -77.0 |
| Effect of exchange rates | 0.0 | 3.0 | 1.0 | 1.0 | -9.0 | -4.0 | 22.0 | -12.0 | -6.0 | -18.0 | -16.0 | -3.0 |
| Net change in cash | -752 | -170 | 852 | 476 | -351 | -410 | 1,620 | -439 | 342 | -1,024 | 1,622 | 192 |
| Free cash flow | 221 | -407 | 1,017 | 666 | -67.0 | -151 | 1,920 | -83.0 | 684 | -859 | 1,823 | -155 |
| Levered free cash flow | 4.1 | -510 | 516 | 512 | 103 | -144 | 1,494 | -192 | 673 | -998 | 1,730 | -426 |