VESTAS WIND SYSTEMS A/S
DK · esercizio 2023 · chiuso il 2023-12-31 · importi in EUR · tutte le identità verificate
Tutti i bilanci di VESTAS WIND SYSTEMS A/S — altri esercizi: 20252024202220212020
Chi è
Testo dell'emittente, citato dal deposito senza modifiche né traduzione. ESEF non contiene una classificazione settoriale: quello che segue è quanto la società dichiara di sé nelle informazioni di identificazione previste dallo IAS 1.138.
| Attività e operazioniifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities · lingua dichiarata en · dal deposito del 2025-12-31 | Wind energy is our heritage and core competence. We have a market-leading competitive position to provide affordable, secure,and sustainable energy to a large addressable market that is expected to grow considerably in the years ahead. Capital structure strategyThe Vestas Board of Directors and Executive Management regularly evaluate our capital structure. This process involves assessing how we fund our operations and growth to ensure these efforts align with shareholder interests and support our corporate strategy.Financial managementOur financial management goal is to ensure that Vestas remains resilient to economic and market fluctuations throughout the business cycle. We aim to meet our long-term financial ambitions, which include a 10 percent EBIT and 20 percent Return on Capital Employed, while delivering value to customers and maximising returns for shareholders.At the end of 2025, our liquidity reserve remained strong at EUR 6,080m. This is the result of a solid cash position and an undrawn, committed revolving credit facility. In addition, Vestas has undrawn, uncommitted money market facilities. Moody’s Ratings currently rates our investment grade as Baa2 with a stable outlook. Capital structure targetsAs a key player in a market where projects, customers, and wind energy investors are increasing in size, we want to ensure we are a strong financial counterpart. We aim to maintain sufficient capital resources to provide financial flexibility and stability, enabling us to operate efficiently and achieve our strategic goals. We are commit-ted to maintaining a solid investment grade profile, targeting NIBD/EBITDA between -1x and 1x through the cycle.Shareholder cash returns in 2025During 2025, Vestas returned EUR 324m to shareholders through a dividend of EUR 74m, equivalent to EUR 0.07 (DKK 0.55) per share, and two share buyback programmes executed in the first and fourth quarter of 2025. A total of 14.3m shares were repurchased as part of these two programmes to adjust the capital structure.In May 2025, Vestas also conducted a share buyback to cover issues of shares under Vestas’ incentive programmes. An overview of treasury shares can be found in the Financial Statements, page 167.In 2025, the company’s share capital remained unchanged. The capital and share structure serve the interests of our shareholders and provide the strategic flexibility to pursue our business strategy.Total payout for 2025 and proposed dividendThe revised intension of the Board is to return at least 40 percent of the company’s annual net result after tax to shareholders through a combination of dividend and share buybacks.For the financial year 2025, the Board recommends a total payout of EUR 400m, equivalent to 51 percent of the annual net result after tax (2024: 35 percent). Of this, EUR 100m is proposed as a dividend, equivalent to EUR 0.10 (DKK 0.74) per share, to be paid in April 2026, and a new EUR 150m share buyback to begin February 6, 2026 and be completed no later than May 5, 2026, in addition to the share buyback of EUR 150m already conducted in the fourth quarter of 2025.Income tax Income tax amounted to EUR 259m in 2025 (2024: EUR 211m), equivalent to an effective tax rate of 25 percent (2024: effective tax rate of 30 percent). The lower tax rate is primarily driven by a higher level of taxable income in Denmark.Net profit for the year Net profit for the year amounted to EUR 780m in 2025 (2024: profit of EUR 494m), corresponding to 4.1 percentage of revenue in 2025, which was a 1.2 percentage points increase compared to 2024. Net profit reflected improved operating profit and financial income.EPS and ROCEEarnings per share (EPS) amounted to positive EUR 0.8 in 2025 (2024: EUR 0.5) and return on capital employed (ROCE) was 11.8 percent in 2025 (2024: 8.0 percent). The higher ratios were primarily driven by improved earnings during the year. Working capital and free cash flowNet working capital Net working capital amounted to a net l |
| Sede principale dell'attivitàifrs-full:PrincipalPlaceOfBusiness · lingua dichiarata en · dal deposito del 2025-12-31 | Denmark |
| Domicilioifrs-full:DomicileOfEntity · lingua dichiarata en · dal deposito del 2025-12-31 | Denmark |
| Paese di costituzioneifrs-full:CountryOfIncorporation · lingua dichiarata en · dal deposito del 2025-12-31 | Denmark |
| Forma giuridicaifrs-full:LegalFormOfEntity · lingua dichiarata en · dal deposito del 2025-12-31 | A/S, |
| Capogruppo ultimaifrs-full:NameOfUltimateParentOfGroup · lingua dichiarata en · dal deposito del 2025-12-31 | Vestas Wind Systems A/S, |
| Controllanteifrs-full:NameOfParentEntity · lingua dichiarata en · dal deposito del 2025-12-31 | Vestas Wind Systems A/S, |
Stato patrimoniale
| Voce canonica | EUR |
|---|---|
| Attività non correnti ifrs-full:NoncurrentAssets | 6 462 000 000 |
| Attività correnti ifrs-full:CurrentAssets | 13 628 000 000 |
| Totale attivo ifrs-full:Assets | 20 090 000 000 |
| Patrimonio netto del gruppo ifrs-full:EquityAttributableToOwnersOfParent | 3 044 000 000 |
| Interessenze di minoranza ifrs-full:NoncontrollingInterests | 16 000 000 |
| Patrimonio netto ifrs-full:Equity | 3 060 000 000 |
| Passività non correnti ifrs-full:NoncurrentLiabilities | 3 517 000 000 |
| Passività correnti ifrs-full:CurrentLiabilities | 13 513 000 000 |
| Totale passivo ifrs-full:Liabilities | 17 030 000 000 |
| Totale patrimonio e passivo ifrs-full:EquityAndLiabilities | 20 090 000 000 |
Conto economico
| Voce canonica | EUR |
|---|---|
| Ricavi ifrs-full:Revenue | 15 382 000 000 |
| Costo del venduto ifrs-full:CostOfSales | 14 099 000 000 |
| Margine lordo ifrs-full:GrossProfit | 1 283 000 000 |
| Risultato operativo ifrs-full:ProfitLossFromOperatingActivities | 292 000 000 |
| Risultato ante imposte ifrs-full:ProfitLossBeforeTax | 102 000 000 |
| Imposte ifrs-full:IncomeTaxExpenseContinuingOperations | 24 000 000 |
| Risultato netto ifrs-full:ProfitLoss | 78 000 000 |
| di cui gruppo ifrs-full:ProfitLossAttributableToOwnersOfParent | 77 000 000 |
| di cui minoranze ifrs-full:ProfitLossAttributableToNoncontrollingInterests | 1 000 000 |
Verifiche contabili
Ogni prospetto è controllato contro le identità che lo definiscono. Il risultato è mostrato qui che sia positivo o negativo.
| Identità | Esito |
|---|---|
| attivo = correnti + non correnti | verificata |
| attivo = patrimonio netto + passivo, sommati da noi | verificata |
| patrimonio = gruppo + minoranze | verificata |
| attivo = totale patrimonio e passivo dichiarato | verificata |
| passivo = correnti + non correnti | verificata |
| margine lordo = ricavi − costo del venduto | verificata |
| risultato = gruppo + minoranze | verificata |
| risultato netto = ante imposte − imposte | verificata |
Provenienza
Ogni riga porta sotto l'etichetta il concetto della tassonomia IFRS da cui il valore è
stato preso, così com'è nel deposito originale. Il deposito è identificato da
549300DYMC8BGZZC8844-2023-12-31-ESEF-DK-0.
Apri la relazione depositata — il documento originale su filings.xbrl.org, da cui ogni numero di questa pagina è stato letto.