Vestas Wind Systems A/S: revenue, profit and key financials
Vestas Wind Systems A/S 2025: revenue EUR 18.8bn, operating profit EUR 1.0bn. Annual and interim figures from its filed reports, year by year.
+8.8% on the year
- Vestas Wind Systems A/S had revenue of EUR 18.8bn in the financial year 2025, +8.8% on 2024.
- Operating profit was EUR 1.0bn, an operating margin of 5.4% against 4.6% the year before.
- Net profit came to EUR 780m.
- By revenue it ranks 4th of 94 listed Danish companies.
- Since 2019 revenue has grown 55%.
Revenue by year
Latest interim period: 1 January 2026 – 30 June 2026
| Now | A year earlier | Change | |
|---|---|---|---|
| Revenue | EUR 8.7bn | EUR 7.2bn | +20.5% |
| Operating profit | EUR 511m | EUR 77m | +563.6% |
| Net profit | EUR 355m | EUR 39m | +810.3% |
| Earnings per share | 0.37 EUR | 0.04 EUR | +825.0% |
Year by year
| Financial year | Revenue | Operating profit | Net profit | Earnings per share | Operating cash flow | Equity |
|---|---|---|---|---|---|---|
| 2025 | EUR 18.8bn | EUR 1.0bn | EUR 780m | 0.78 EUR | EUR 2.3bn | EUR 3.9bn |
| 2024 | EUR 17.3bn | EUR 794m | EUR 494m | 0.50 EUR | EUR 2.3bn | EUR 3.5bn |
| 2023 | EUR 15.4bn | EUR 292m | EUR 78m | 0.08 EUR | EUR 1.0bn | EUR 3.0bn |
| 2022 | EUR 14.5bn | EUR -1.6bn | EUR -1.6bn | -1.56 EUR | EUR -195m | EUR 3.1bn |
| 2021 | EUR 15.6bn | EUR 289m | EUR 143m | 0.13 EUR | EUR 956m | EUR 4.7bn |
| 2020 | EUR 14.8bn | EUR 698m | EUR 771m | 0.78 EUR | EUR 743m | EUR 4.7bn |
| 2019 | EUR 12.1bn | EUR 1.0bn | EUR 700m | 3.57 EUR | EUR 823m | EUR 3.3bn |
Figures from the company’s ESEF filings — the machine-readable format EU-listed companies must file in — via filings.xbrl.org, which receives them some weeks after publication. Amounts are in the currency the company reports in.
Methodology
The figures come from the reports that Danish issuers of listed securities must file in the EU's machine-readable ESEF format (European Single Electronic Format). They are collected from filings.xbrl.org, which gathers filings from the national registers. A report typically arrives there some weeks after the company publishes it, so the latest figures can lag the company's own announcement.
The key figures are the standard IFRS items for the whole group: revenue (Revenue), operating profit (ProfitLossFromOperatingActivities), net profit (ProfitLoss), basic earnings per share, equity, total assets and cash flow from operating activities. Figures broken down by segment, region or product are not included. Where a later report restates an earlier period, the restated figures are shown. A financial year is a year-long period ending on the company's own year-end; the rolling twelve-month figures some interim reports give are not counted as one. Banks and insurers report no revenue, so their pages show the figures they have.
Amounts are shown in the currency each company reports in. Some filings tag their figures with the wrong currency; where the filing itself or the company's earlier filings show that, the figures are shown in the currency the company actually reports in. In the size and profit rankings, amounts in other currencies are converted to Danish kroner at the year's average rate from Eurostat. The rankings cover companies that report earnings per share (in practice, companies with listed shares) and their latest financial year ending within the past 18 months. Growth compares revenue with the year before in the company's own currency and includes only companies with revenue above DKK 500m, and at least DKK 250m the year before. Companies that have issued only bonds have a page but are not ranked.
Names are shown as registered, in ordinary capitalisation rather than capitals. The figures are checked daily.
Sources
Cite this as: BusinessNU, “Company financials: Denmark's listed companies”.