VESTAS WIND SYSTEMS A/S financials
VESTAS WIND SYSTEMS A/S
Country: DK Reporting currency: EUR Latest annual report: 2026-06-30
LEI:
549300DYMC8BGZZC8844 Financial statements
(EUR, as reported — unscaled; 103 line items across 3 annual periods)
| Line item | 2026 | 2025-12-31 | 2025-06-30 |
|---|---|---|---|
| Income statement | |||
| Revenue | €8.69B | — | €7.21B |
| Cost of sales | €7.42B | — | €6.44B |
| Gross profit | €1.27B | — | €776.0M |
| Distribution costs | €229.0M | — | €257.0M |
| Administrative expenses | €254.0M | — | €219.0M |
| Operating profit (EBIT) | €511.0M | — | €77.0M |
| Net finance income / (cost) | -€50.0M | — | -€23.0M |
| Profit before tax | €467.0M | — | €53.0M |
| Income tax expense | €112.0M | — | €14.0M |
| Profit for the year | €355.0M | — | €39.0M |
| — attributable to owners | €362.0M | — | €37.0M |
| — attributable to NCI | -€7.0M | — | €2.0M |
| Total comprehensive income | €414.0M | — | -€241.0M |
| Per share | |||
| Basic EPS | €0.37 | — | €0.04 |
| Diluted EPS | €0.37 | — | €0.04 |
| Free cash flow / share | €-0.19 | — | €-0.22 |
| Cash flow statement | |||
| Net cash from operating activities | €130.0M | — | €148.0M |
| Income taxes paid | €30.0M | — | €150.0M |
| Net cash from investing activities | -€554.0M | — | -€610.0M |
| Purchase of PP&E (capex) | €316.0M | — | €366.0M |
| Purchase of intangibles | €160.0M | — | €229.0M |
| Net cash from financing activities | -€501.0M | — | -€286.0M |
| Dividends paid | €98.0M | — | €74.0M |
| Proceeds from borrowings | €535.0M | — | €83.0M |
| Repayments of borrowings | €573.0M | — | €52.0M |
| Lease liability payments | €143.0M | — | €111.0M |
| Net change in cash | -€925.0M | — | -€748.0M |
| Balance sheet | |||
| Total assets | €26.71B | €25.73B | €25.55B |
| Non-current assets | €9.28B | €8.90B | €9.05B |
| Property, plant & equipment | €3.10B | €2.79B | €2.54B |
| Right-of-use assets | €900.0M | €704.0M | €732.0M |
| Intangible assets & goodwill | €3.52B | €3.44B | €3.41B |
| Current assets | €17.44B | €16.84B | €16.50B |
| Inventories | €6.23B | €5.72B | €6.94B |
| Trade & other receivables | €1.62B | €1.48B | €1.32B |
| Cash & equivalents | €3.46B | €4.38B | €3.06B |
| Total equity | €3.96B | €3.88B | €3.12B |
| — attributable to owners | €3.96B | €3.87B | €3.11B |
| Non-controlling interests | €8.0M | €14.0M | €13.0M |
| Non-current liabilities | €5.75B | €5.00B | €5.22B |
| Long-term borrowings | €3.20B | €2.59B | €2.61B |
| Current liabilities | €17.00B | €16.85B | €17.21B |
| Deferred tax liabilities | €272.0M | €225.0M | €223.0M |
| Derived metrics | |||
| Free cash flow | -€186.0M | — | -€218.0M |
| Operating margin | 5.9% | — | 1.1% |
| Net margin | 4.1% | — | 0.5% |
| Return on equity | 9.0% | — | 1.3% |
| Cash conversion ratio | 0.37× | — | 3.79× |
| Capex coverage | 0.41× | — | 0.40× |
| Other reported items | |||
| Amount Removed From Reserve of Cash Flow Hedges and Included In Initial Cost Or Other Carrying Amount of Nonfinancial Asset Liability Or Firm Commitment For Which Fair Value Hedge Accounting Is Applied | €14.0M | — | -€14.0M |
| Cash Flows From Used In Operations Before Changes In Working Capital | €785.0M | — | €397.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | €97.0M | — | €0 |
| Comprehensive Income Attributable To Noncontrolling Interests | -€6.0M | — | €0 |
| Comprehensive Income Attributable To Owners of Parent | €420.0M | — | -€241.0M |
| Computer Software | €210.0M | €243.0M | €159.0M |
| Construction In Progress | €190.0M | €323.0M | €453.0M |
| Current Borrowings and Current Portion of Noncurrent Borrowings | €332.0M | €782.0M | €746.0M |
| Current Contract Assets | €3.25B | €2.75B | €2.36B |
| Current Contract Liabilities | €10.00B | €9.27B | €9.88B |
| Current Financial Assets | €165.0M | €164.0M | €190.0M |
| Current Provisions | €712.0M | €766.0M | €885.0M |
| Current Tax Assets Current | €155.0M | €231.0M | €169.0M |
| Current Tax Assets Noncurrent | €680.0M | €648.0M | €890.0M |
| Current Tax Liabilities Current | €41.0M | €115.0M | €202.0M |
| Current Tax Liabilities Noncurrent | €763.0M | €699.0M | €804.0M |
| Decrease Increase Through Tax On Sharebased Payment Transactions | €9.0M | — | €7.0M |
| Deferred Tax Assets | €904.0M | €883.0M | €970.0M |
| Dividends Received From Investments Accounted For Using Equity Method Classified As Investing Activities | €25.0M | — | €18.0M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | €3.0M | — | -€13.0M |
| Equity and Liabilities | €26.71B | €25.73B | €25.55B |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | €1.0M | — | -€31.0M |
| Increase Decrease In Working Capital | €655.0M | — | €249.0M |
| Increase Decrease Through Sharebased Payment Transactions | €13.0M | — | €18.0M |
| Increase Decrease Through Transactions With Owners | -€316.0M | — | -€195.0M |
| Intangible Assets Under Development | €321.0M | €251.0M | €544.0M |
| Investment Accounted For Using Equity Method | €544.0M | €568.0M | €560.0M |
| Issued Capital | €27.0M | €27.0M | €27.0M |
| Land and Buildings | €504.0M | €489.0M | €397.0M |
| Liabilities | €22.75B | €21.85B | €22.43B |
| Noncurrent Financial Assets | €0 | €0 | €105.0M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | €179.0M | €171.0M | €158.0M |
| Noncurrent Provisions | €1.22B | €1.29B | €1.35B |
| Other Adjustments For Noncash Items | €504.0M | — | €551.0M |
| Other Comprehensive Income | €59.0M | — | -€280.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | €78.0M | — | -€233.0M |
| Other Current Liabilities | €964.0M | €1.15B | €1.10B |
| Other Current Receivables | €1.65B | €1.55B | €1.54B |
| Other Intangible Assets | €290.0M | €298.0M | €306.0M |
| Other Noncurrent Assets | €2.66B | €2.67B | €3.10B |
| Other Noncurrent Liabilities | €294.0M | €196.0M | €238.0M |
| Other Noncurrent Receivables | €349.0M | €398.0M | €412.0M |
| Other Property Plant and Equipment | €1.16B | €1.05B | €725.0M |
| Other Reserves | -€171.0M | -€215.0M | -€342.0M |
| Payments To Acquire Or Redeem Entitys Shares | €222.0M | — | €132.0M |
| Proceeds From Sales of Investments Accounted For Using Equity Method | €1.0M | — | -€2.0M |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | €0 | — | €0 |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | €7.0M | — | €31.0M |
| Purchase of Treasury Shares | €222.0M | — | €132.0M |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | €51.0M | — | -€30.0M |
| Reduction of Issued Capital | €0 | — | — |
| Research and Development Expense | €217.0M | — | €229.0M |
| Retained Earnings | €4.10B | €4.05B | €3.42B |
| Trade and Other Current Payables To Trade Suppliers | €4.95B | €4.77B | €4.39B |
Methodology
Every line item above is a fact tagged in VESTAS WIND SYSTEMS A/S's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (EUR), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.