Vestas Wind Systems A/S
CSE:VWS.CO
177.64 (DKK) • At close November 17, 2023
Overview | Financials
Numbers are in millions (except for per share data and ratios) DKK.
2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 | 2016 Q3 | 2016 Q2 | 2016 Q1 | 2015 Q4 | 2015 Q3 | 2015 Q2 | 2015 Q1 | 2014 Q4 | 2014 Q3 | 2014 Q2 | 2014 Q1 | 2013 Q4 | 2013 Q3 | 2013 Q2 | 2013 Q1 | 2012 Q4 | 2012 Q3 | 2012 Q2 | 2012 Q1 | 2011 Q4 | 2011 Q3 | 2011 Q2 | 2011 Q1 | 2010 Q4 | 2010 Q3 | 2010 Q2 | 2010 Q1 | 2009 Q4 | 2009 Q3 | 2009 Q2 | 2009 Q1 | |
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Revenue
| 5,177 | 3,296 | 2,681 | 4,771 | 4,353 | 3,429 | 2,829 | 4,783 | 3,913 | 3,305 | 2,485 | 4,551 | 5,538 | 3,536 | 1,962 | 4,273 | 4,770 | 3,541 | 2,235 | 4,650 | 3,646 | 2,121 | 1,730 | 3,369 | 2,811 | 2,260 | 1,694 | 3,119 | 2,743 | 2,206 | 1,885 | 3,313 | 2,903 | 2,557 | 1,464 | 3,035 | 2,120 | 1,749 | 1,519 | 2,473 | 1,813 | 1,341 | 1,283 | 2,361 | 1,442 | 1,185 | 1,096 | 2,512 | 1,988 | 1,611 | 1,105 | 2,038 | 1,337 | 1,401 | 1,060 | 3,436 | 1,722 | 1,007 | 755 | 2,506 | 1,814 | 1,211 | 1,105 |
Cost of Revenue
| 4,633 | 3,140 | 2,437 | 4,248 | 4,002 | 3,208 | 2,641 | 4,945 | 3,752 | 3,208 | 2,463 | 4,156 | 4,938 | 3,160 | 1,773 | 3,734 | 4,158 | 3,313 | 2,076 | 4,040 | 3,031 | 1,820 | 1,495 | 2,870 | 2,376 | 1,844 | 1,413 | 2,543 | 2,217 | 1,722 | 1,508 | 2,646 | 2,312 | 1,936 | 1,217 | 2,460 | 1,731 | 1,434 | 1,293 | 2,057 | 1,495 | 1,081 | 1,099 | 1,905 | 1,229 | 1,016 | 1,038 | 2,179 | 1,785 | 1,363 | 1,093 | 1,771 | 1,227 | 1,153 | 960 | 2,712 | 1,359 | 963 | 711 | 1,881 | 1,437 | 988 | 889 |
Gross Profit
| 544 | 156 | 244 | 523 | 351 | 221 | 188 | -162 | 161 | 97 | 22 | 395 | 600 | 376 | 189 | 539 | 612 | 228 | 159 | 610 | 615 | 301 | 235 | 499 | 435 | 416 | 281 | 576 | 526 | 484 | 377 | 667 | 591 | 621 | 247 | 575 | 389 | 315 | 226 | 416 | 318 | 260 | 184 | 456 | 213 | 169 | 58 | 333 | 203 | 248 | 12 | 267 | 110 | 248 | 100 | 724 | 363 | 44 | 44 | 625 | 377 | 223 | 216 |
Gross Profit Ratio
| 0.105 | 0.047 | 0.091 | 0.11 | 0.081 | 0.064 | 0.066 | -0.034 | 0.041 | 0.029 | 0.009 | 0.087 | 0.108 | 0.106 | 0.096 | 0.126 | 0.128 | 0.064 | 0.071 | 0.131 | 0.169 | 0.142 | 0.136 | 0.148 | 0.155 | 0.184 | 0.166 | 0.185 | 0.192 | 0.219 | 0.2 | 0.201 | 0.204 | 0.243 | 0.169 | 0.189 | 0.183 | 0.18 | 0.149 | 0.168 | 0.175 | 0.194 | 0.143 | 0.193 | 0.148 | 0.143 | 0.053 | 0.133 | 0.102 | 0.154 | 0.011 | 0.131 | 0.082 | 0.177 | 0.094 | 0.211 | 0.211 | 0.044 | 0.058 | 0.249 | 0.208 | 0.184 | 0.195 |
Reseach & Development Expenses
| 99 | 89 | 85 | 100 | 97 | 82 | 92 | 140 | 85 | 83 | 149 | 102 | 81 | 94 | 87 | 62 | 67 | 64 | 72 | 77 | 62 | 63 | 66 | 71 | 53 | 57 | 48 | 59 | 49 | 85 | 42 | 43 | 54 | 76 | 54 | 64 | 45 | 58 | 44 | 46 | 55 | 59 | 53 | 78 | 55 | 51 | 62 | 66 | 64 | 65 | 60 | 64 | 67 | 39 | 33 | 37 | 51 | 44 | 18 | 15 | 17 | 35 | 25 |
General & Administrative Expenses
| 70 | 125 | 99 | 124 | 81 | 114 | 105 | 89 | 86 | 89 | 87 | 103 | 93 | 85 | 87 | 68 | 59 | 64 | 51 | 75 | 58 | 65 | 69 | 73 | 60 | 63 | 58 | 76 | 63 | 68 | 62 | 73 | 63 | 90 | 62 | 57 | 67 | 63 | 61 | 75 | 64 | 57 | 53 | 75 | 50 | 63 | 61 | 76 | 77 | 91 | 100 | 104 | 81 | 82 | 85 | 86 | 85 | 102 | 78 | 260 | 1 | 65 | 76 |
Selling & Marketing Expenses
| 141 | 127 | 128 | 117 | 117 | 111 | 107 | 123 | 117 | 107 | 115 | 84 | 101 | 96 | 86 | 51 | 74 | 66 | 90 | 54 | 66 | 45 | 57 | 57 | 46 | 37 | 49 | 56 | 59 | 52 | 62 | 47 | 41 | 56 | 46 | 50 | 45 | 49 | 42 | 44 | 36 | 40 | 38 | 68 | 41 | 43 | 43 | 47 | 49 | 52 | 56 | 53 | 54 | 50 | 51 | 74 | 42 | 46 | 44 | 231 | 1 | 45 | 39 |
SG&A
| 211 | 252 | 227 | 241 | 198 | 225 | 212 | 212 | 203 | 196 | 202 | 187 | 194 | 181 | 173 | 119 | 133 | 130 | 141 | 129 | 124 | 110 | 126 | 130 | 106 | 100 | 107 | 132 | 122 | 120 | 124 | 120 | 104 | 146 | 108 | 107 | 112 | 112 | 103 | 119 | 100 | 97 | 91 | 143 | 91 | 106 | 104 | 123 | 126 | 143 | 156 | 157 | 135 | 132 | 136 | 160 | 127 | 148 | 122 | 491 | 2 | 110 | 115 |
Other Expenses
| -1 | 0 | 0 | 0 | 0 | 0 | 2 | -49 | 0 | -34 | 151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 7 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 129 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Expenses
| 309 | 341 | 312 | 342 | 295 | 307 | 306 | 303 | 288 | 245 | 502 | 289 | 275 | 275 | 260 | 181 | 200 | 194 | 213 | 206 | 186 | 173 | 192 | 202 | 173 | 157 | 155 | 191 | 171 | 205 | 166 | 163 | 158 | 222 | 162 | 172 | 157 | 170 | 147 | 172 | 155 | 156 | 144 | 246 | 146 | 157 | 166 | 318 | 190 | 208 | 216 | 221 | 202 | 171 | 169 | 197 | 178 | 192 | 140 | 506 | 19 | 145 | 140 |
Operating Income
| 235 | -185 | -68 | 252 | 70 | -68 | 66 | -441 | -127 | -148 | -480 | 86 | 206 | 101 | -71 | 358 | 418 | 34 | -112 | 404 | 429 | 128 | 43 | 300 | 236 | 259 | 126 | 385 | 355 | 279 | 211 | 504 | 433 | 399 | 85 | 450 | 232 | 145 | 79 | 271 | 155 | 154 | 27 | 230 | 3 | -9 | -122 | -330 | -140 | 18 | -245 | 24 | -92 | 77 | -69 | 369 | 185 | -148 | -96 | 458 | 244 | 78 | 76 |
Operating Income Ratio
| 0.045 | -0.056 | -0.025 | 0.053 | 0.016 | -0.02 | 0.023 | -0.092 | -0.032 | -0.045 | -0.193 | 0.019 | 0.037 | 0.029 | -0.036 | 0.084 | 0.088 | 0.01 | -0.05 | 0.087 | 0.118 | 0.06 | 0.025 | 0.089 | 0.084 | 0.115 | 0.074 | 0.123 | 0.129 | 0.126 | 0.112 | 0.152 | 0.149 | 0.156 | 0.058 | 0.148 | 0.109 | 0.083 | 0.052 | 0.11 | 0.085 | 0.115 | 0.021 | 0.097 | 0.002 | -0.008 | -0.111 | -0.131 | -0.07 | 0.011 | -0.222 | 0.012 | -0.069 | 0.055 | -0.065 | 0.107 | 0.107 | -0.147 | -0.127 | 0.183 | 0.135 | 0.064 | 0.069 |
Total Other Income Expenses Net
| -51 | -45 | -37 | -79 | -42 | -62 | 147 | -56 | -44 | 8 | -409 | -44 | -155 | 21 | -6 | 299 | -27 | -41 | -53 | -38 | -39 | -9 | -9 | -10 | -38 | -14 | 11 | 9 | -18 | -32 | 3 | -46 | -22 | -27 | -39 | -5 | 47 | 23 | -3 | 3 | -27 | -28 | -25 | -41 | -39 | -29 | -29 | -484 | -18 | -23 | 20 | -52 | 9 | -1 | -49 | -27 | -10 | -17 | -18 | -15 | -15 | -19 | 2 |
Income Before Tax
| 184 | -230 | -105 | 173 | 28 | -130 | 31 | -497 | -171 | -139 | -889 | 42 | 170 | 122 | -77 | 657 | 391 | -7 | -107 | 366 | 390 | 119 | 34 | 290 | 238 | 245 | 137 | 394 | 337 | 247 | 214 | 458 | 411 | 372 | 46 | 402 | 279 | 168 | 76 | 259 | 136 | 126 | 2 | 189 | -36 | -38 | -151 | -325 | -158 | -5 | -225 | -28 | -83 | 76 | -118 | 342 | 175 | -165 | -114 | 443 | 229 | 59 | 78 |
Income Before Tax Ratio
| 0.036 | -0.07 | -0.039 | 0.036 | 0.006 | -0.038 | 0.011 | -0.104 | -0.044 | -0.042 | -0.358 | 0.009 | 0.031 | 0.035 | -0.039 | 0.154 | 0.082 | -0.002 | -0.048 | 0.079 | 0.107 | 0.056 | 0.02 | 0.086 | 0.085 | 0.108 | 0.081 | 0.126 | 0.123 | 0.112 | 0.114 | 0.138 | 0.142 | 0.145 | 0.031 | 0.132 | 0.132 | 0.096 | 0.05 | 0.105 | 0.075 | 0.094 | 0.002 | 0.08 | -0.025 | -0.032 | -0.138 | -0.129 | -0.079 | -0.003 | -0.204 | -0.014 | -0.062 | 0.054 | -0.111 | 0.1 | 0.102 | -0.164 | -0.151 | 0.177 | 0.126 | 0.049 | 0.071 |
Income Tax Expense
| 57 | -74 | -30 | 24 | -1 | -15 | 15 | 44 | -24 | -20 | -124 | 22 | 47 | 32 | -20 | 91 | 101 | -2 | -27 | 84 | 87 | 29 | 9 | 71 | 60 | 61 | 35 | 99 | 84 | 61 | 54 | 115 | 102 | 94 | 11 | 104 | 73 | 43 | 20 | 65 | 34 | 32 | -13 | -29 | 51 | 24 | -14 | 293 | 17 | 3 | -63 | 48 | -23 | 21 | -33 | 111 | 49 | -46 | -32 | 128 | 64 | 16 | 22 |
Net Income
| 127 | -158 | -68 | 148 | 29 | -115 | 15 | -541 | -147 | -119 | -765 | 17 | 122 | 89 | -57 | 563 | 284 | -5 | -80 | 283 | 306 | 90 | 25 | 219 | 179 | 184 | 102 | 295 | 253 | 186 | 160 | 343 | 309 | 278 | 35 | 298 | 206 | 125 | 56 | 194 | 102 | 94 | 15 | 218 | -87 | -62 | -137 | -618 | -175 | -8 | -162 | -76 | -60 | 55 | -85 | 231 | 126 | -119 | -82 | 315 | 165 | 43 | 56 |
Net Income Ratio
| 0.025 | -0.048 | -0.025 | 0.031 | 0.007 | -0.034 | 0.005 | -0.113 | -0.038 | -0.036 | -0.308 | 0.004 | 0.022 | 0.025 | -0.029 | 0.132 | 0.06 | -0.001 | -0.036 | 0.061 | 0.084 | 0.042 | 0.014 | 0.065 | 0.064 | 0.081 | 0.06 | 0.095 | 0.092 | 0.084 | 0.085 | 0.104 | 0.106 | 0.109 | 0.024 | 0.098 | 0.097 | 0.071 | 0.037 | 0.078 | 0.056 | 0.07 | 0.012 | 0.092 | -0.06 | -0.052 | -0.125 | -0.246 | -0.088 | -0.005 | -0.147 | -0.037 | -0.045 | 0.039 | -0.08 | 0.067 | 0.073 | -0.118 | -0.109 | 0.126 | 0.091 | 0.036 | 0.051 |
EPS
| 0 | -0.16 | -0.067 | 0.15 | 0.03 | -0.12 | 0.01 | -0.55 | -0.15 | -0.12 | -0.76 | 0.02 | 0.11 | 0.08 | -0.059 | 0.57 | 0.29 | -0.007 | -0.085 | 0.28 | 0.31 | 0.09 | 0.026 | 0.22 | 0.18 | 0.18 | 0.1 | 0.28 | 0.24 | 0.17 | 0.15 | 0.062 | 0.28 | 0.25 | 0.032 | 0.27 | 0.037 | 0.11 | 0.05 | 0.035 | 0.094 | 0.017 | 0.003 | 0.043 | -0.086 | -0.062 | -0.13 | -0.12 | -0.17 | -0.008 | -0.16 | -0.015 | -0.059 | 0.054 | -0.084 | 0.045 | 0.18 | -0.12 | -0.081 | 0.062 | 0.16 | 0.044 | 0.06 |
EPS Diluted
| 0 | -0.16 | -0.067 | 0.15 | 0.03 | -0.12 | 0.01 | -0.55 | -0.15 | -0.12 | -0.76 | 0.02 | 0.11 | 0.08 | -0.059 | 0.57 | 0.29 | -0.007 | -0.082 | 0.28 | 0.31 | 0.09 | 0.026 | 0.22 | 0.18 | 0.18 | 0.1 | 0.28 | 0.24 | 0.17 | 0.15 | 0.062 | 0.28 | 0.25 | 0.032 | 0.27 | 0.037 | 0.11 | 0.05 | 0.035 | 0.092 | 0.017 | 0.003 | 0.043 | -0.085 | -0.061 | -0.13 | -0.12 | -0.17 | -0.008 | -0.16 | -0.015 | -0.059 | 0.054 | -0.084 | 0.045 | 0.18 | -0.12 | -0.081 | 0.062 | 0.16 | 0.044 | 0.06 |
EBITDA
| 234 | -185 | 131 | 279.75 | 250 | 116 | 80 | -222.5 | 101 | 41 | -20 | 42 | 557 | 101 | 128 | 582 | 575 | 34 | 97 | 356 | 429 | 128 | 43 | 281 | 358 | 259 | 126 | 362 | 355 | 406 | 211 | 396 | 433 | 399 | 85 | 407 | 232 | 145 | 79 | 278 | 171 | 54 | 53 | 78 | 131 | 33 | -94 | -167 | 166 | 62 | -163 | 51 | -92 | 77 | -69 | 391 | 185 | -180 | -39 | 134 | 358 | 78 | 76 |
EBITDA Ratio
| 0.045 | -0.056 | -0.026 | 0.094 | 0.013 | -0.026 | -0.104 | -0.184 | -0.036 | -0.045 | -0.027 | 0.009 | 0.08 | 0.029 | -0.036 | 0.14 | 0.085 | 0.01 | 0.002 | 0.076 | 0.118 | 0.06 | 0.025 | 0.083 | 0.102 | 0.115 | 0.074 | 0.116 | 0.129 | 0.126 | 0.112 | 0.111 | 0.149 | 0.156 | 0.058 | 0.134 | 0.109 | 0.083 | 0.052 | 0.112 | 0.094 | 0.04 | 0.041 | 0.026 | 0.091 | 0.028 | -0.086 | -0.066 | 0.084 | 0.038 | -0.148 | 0.025 | -0.069 | 0.055 | -0.065 | 0.114 | 0.107 | -0.147 | -0.127 | 0.053 | 0.197 | 0.064 | 0.069 |