Vestas Wind Systems AS - Company Profile
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Vestas Wind Systems AS (Vestas) is a renewable energy company. It designs, manufactures, installs, and provides services to onshore and offshore power converters, wind turbines, blades and towers. The company’s solutions encompass parts and repair to preventive inspections and advanced repairs. Its service offerings of Vestas include data-driven consultancy, fleet optimization, blade maintenance and inspection, power generator repairs, and gearbox exchange. Vestas partners with customers to monitor wind energy production and the performance of the wind power plant throughout its lifetime. The company serves customers across the world and has manufacturing and testing facilities in North America, Latin America, Europe, and Asia. Vestas is headquartered in Aarhus, Denmark.
Headquarters
Denmark
Address
Hedeager 42, Aarhus N, 8200
Website
www.vestas.com
Telephone
45 97300000
No of Employees
36,973
Industry
Alternative Energy
Ticker Symbol & Exchange
VWS (CPH)
Revenue (2024)
$21.2B
8.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
55.9%
(2024 vs 2023)
Market Cap*
$33.2B
Net Profit Margin (2024)
XYZ
42.9%
(2024 vs 2023)
* As of and is in US$
Vestas Wind Systems AS premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| EnVentus Platform | Maintenance | Vestas |
| 4MW Platform | Parts and Repair Services | |
| 2MW Platform | Fleet Optimization | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In August, the company was selected by Statkraft to develop the 72 MW Emma Wind Farm in Peru. |
| 2026 | Contracts/Agreements | In August, the company secured two 43 MW contracts for the Mehring II and Breuberg projects from JUWI GmbH in Germany. |
| 2026 | Contracts/Agreements | In July, the company signed a long-term service agreement with Eurowind Energy A/S for the 6 x V162-7.2 MW of the Ladenthin project. |
Competitor Comparison
| Key Parameters | Vestas Wind Systems AS | GE Vernova Inc | Nordex SE | Orsted Salg & Service A/S | Enercon GmbH |
|---|---|---|---|---|---|
| Headquarters | Denmark | United States of America | Germany | Denmark | Germany |
| City | Aarhus | Cambridge | Hamburg | Fredericia | Aurich |
| State/Province | - | Massachusetts | Hamburg | - | - |
| No. of Employees | 36,973 | 75,000 | 11,113 | 6,179 | 11,996 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Anders Runevad | Chairman | Executive Board | 2023 | 66 |
| Karl-Henrik Sundstrom | Deputy Chairman | Executive Board | 2023 | 66 |
| Henrik Andersen | President; Chief Executive Officer | Senior Management | 2019 | 59 |
| Jakob Wegge-Larsen | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 60 |
| Felix Henseler | Executive Vice President - Technology and operations | Senior Management | 2025 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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