Vestas
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | - | 1.3b | 10.1b | 12.1b | 14.8b | 16.4b | 16.7b |
% growth | - | - | 664 % | 20 % | 22 % | 11 % | 2 % |
EBITDA | - | 220m | 1.4b | 1.6b | 1.4b | 1.9b | 2.2b |
% EBITDA margin | - | 17 % | 14 % | 13 % | 9 % | 12 % | 13 % |
Profit | - | 119m | 684m | 704m | 765m | 762m | 1.0b |
% profit margin | - | 9 % | 7 % | 6 % | 5 % | 5 % | 6 % |
R&D budget | 198m | 225m | 325m | 372m | - | - | - |
R&D % of revenue | - | 17 % | 3 % | 3 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | AUD410k | Grant | |
* | €475m | Debt | |
Total Funding | €241k |
Recent News about Vestas
EditVestas operates as a global leader in the renewable energy sector, specializing in the design, installation, and maintenance of wind energy projects. Serving a diverse range of clients from utility companies to governments and private enterprises, Vestas focuses on transforming renewable energy visions into reality. The company operates in the global renewable energy market, with a significant presence in Sales, Manufacturing, and Research & Development across multiple countries. Vestas' business model revolves around providing comprehensive wind energy solutions, from project development to long-term maintenance, ensuring optimal performance and sustainability. Revenue is generated through the sale of wind turbines, service agreements, and maintenance contracts. With a dedicated workforce of 30,000 employees, Vestas aims to drive society-wide electrification and implement solutions for sectors where electrification is currently not feasible. The company has installed 177 GW of wind turbines in 88 countries, significantly contributing to the reduction of carbon emissions and promoting a sustainable energy system.
Keywords: wind energy, renewable energy, sustainable solutions, wind turbines, global leader, electrification, maintenance, project development, carbon reduction, utility companies.