This website uses cookies. The third part cookies used on this website are used to gather information about how people navigate the site. If you continue to use our website, you accept the use of cookies. Find out more about cookies used on vestas.com and how to delete them here. Cookie Policy.

Share

Vestas Wind Systems A/S was introduced at NASDAQ OMX Copenhagen in 1998 (previous Københavns Fondsbørs).

The share closed the year of 2013 at DKK 160.20 equal to a market capitalisation of approximately DKK 32.6bn (EUR 4.4bn). During 2013, the price of the Vestas share increased by 402.8 per cent.

    Close

    Share performance

    Share capital

    Since the initial public offering in 1998, Vestas' share capital has been changed as follows:

     

    Date Activity Denomination (DKK) Total no.
    of shares
    12/02/2014

    Private placement
    Share price: DKK 162
    Nominal increase: DKK 20,370,410

    1 224,074,513
    04/05/2009 Private placement
    Share price: DKK 323
    Nominal increase: DKK 18,500,000
    1 203,704,103
    03/06/2006 Private placement
    Share price: DKK 139
    Nominal increase: DKK 10,292,930
    1 185,204,103
    11/06/2004 Rights issue in the ratio 1:3
    Share price: DKK 50
    Nominal increase: DKK 1,011,803
    1 174,911,173
    21/04/2004 Mandatory Exchange of NEG Micon shares
    Share price: DKK 101
    Nominal increase: DKK 1,011,803
    1

    131,183,380

    05/03/2004 Voluntary Exchange of NEG Micon shares
    Share price: DKK 110-150
    Nominal increase: DKK 25,167,611
    1 130,171,577
    31/12/2002 Employee shares
    Share price: DKK 60
    Nominal increase: DKK 223,105
    1 105,003,966
    14/12/2000 Employee shares
    Share price: DKK 396
    Nominal increase: 1,670
    1 104,780,861
    14/12/2000 Employee shares
    Share price: DKK 140
    Nominal increase: DKK 218,621
    1

     

    27/04/2000 Share split 1 104,780,861
    09/11/1999 Purchase of Cotas Computer Technology A/S
    Share price: DKK 393
    Nominal increase: DKK 707,070
    10 10,456,057
    07/12/1998 Employee shares
    Share price: DKK 135
    Nominal increase: DKK 1,111,000
    10 10,385,350
    07/12/1998 Employee shares
    Share price: DKK 81
    Nominal increase: DKK 502,500
    10

     

    29/04/1998 Initial public offering
    Share price: DKK 270
    Nominal increase: DKK 9,000,000
    10 10,224,000

    Trade in Vestas shares

    The Vestas share is only registered on NASDAQ OMX Copenhagen and under securities code DK0010268606. Stakeholders who wish to buy Vestas shares must contact one of the major international banks in their country for further information. Stakeholders in Denmark may, however, also buy Vestas shares online, via Internet banking or any Danish bank.


    Basic data

    Basic data

    Stock exchange
    NASDAQ OMX Copenhagen

    Stock exchange quotation
    1998

    ISIN code
    DK0010268606

    Ticker symbol
    VWS

    Share capital
    DKK 224,074,513

    Nominal denomination
    DKK 1

    Number of shares
    224,074,513

    Share classes
    One share class

    Voting rights
    One share carries one vote

    Free float
    100 per cent free float

    Trading lot (minimum)
    None, one share is tradable


    Share analysts

    The following analysts cover the Vestas share:

    ABG Sundal Collier, Denmark
    Lars Heindorff
    Tel: +45 3318 6115

    Alm. Brand Markets, Denmark 
    Michael Friis Jørgensen 
    Tel: +45 3547 6923

    Bank of America Merrill Lynch, UK
    Pinaki Das 
    Tel: +44 20 7996 2453

    Barclays, UK
    David Vos 
    Tel: +44 20 7773 5629

    Carnegie, Denmark
    Claus Almer
    Tel: +45 3288 0320

    Citigroup, UK
    Jason Channell
    Tel: +44 20 7986 8661

    Commerzbank, UK
    Sebastian Growe
    Tel: +49 69 136 89800

    Credit Suisse, UK
    Mark Freshney
    Tel: +44 20 7888 0887

    Danske Markets, Denmark
    Kristian Tornøe Johansen
    Tel: +45 4512 8059

    Handelsbanken, Denmark 
    Fasial Kalim Ahmad
    Tel: +45 4679 1612

    HSBC, UK
    Sean Diego Mcloughlin
    Tel: +44 207 991 3464 

    Jyske Bank, Denmark
    Janne Vincent Kjær
    Tel: +45 8989 7036

    Macquarie, UK
    Shai Hill
    Tel: +44 20 3037 4232

    Nordea Markets, Denmark
    Patrik Setterberg
    Tel: +45 3333 6294

    Nykredit Markets, Denmark
    Klaus Kehl
    Tel: +45 4455 4728

    SEB Enskilda, Denmark
    Daniel Patterson
    Tel: +45 3328 3310

    Societe Generale, India
    Alok Katre
    Tel: +91 80 2803 7996

    Standard & Poor's, UK
    Unai Franco
    Tel: +44 20 7176 7851

    Sydbank, Denmark
    Jacob Pedersen
    Tel: +45 7437 4452

    UBS, Sweden
    David Halldén
    Tel: +46 8 45 37 330

    UniCredit Research, Germany
    Dr. Manuel Herold
    Tel: +49 89 378 12650  

    Disclaimer

    According to Vestas' information, the analysts listed above cover the Vestas share. Analyses from these analysts have not been presented to the company for approval. Vestas thus disclaims the content of such analyses.

      Close

      Consensus 2014

      Collected after the release of the annual report for 2013 (3 February 2014)* 

      mEUR

      Revenue
      2014

      Revenue
      2015

      Revenue
      2016

      EBIT
      2014**

      EBIT
      2015

      EBIT
      2016

      FCF
      2014

      FCF
      2015

      FCF
      2016

      High

      7,056

      7,773

      7,867

      503

      612

      584

      504

      797

      533

      Average

      6,634

      7,037

      6,821

      378

      458

      437

      318

      374

      276

      Low

      6,118

      6,535

      6,073

      97

      171

      174

      -98

      -5

      -8

      Diff. between
      high and low

      938

      1,238

      1,794

      406

      441

      410

      602

      802

      541

      Guidance
      for 2014

      Revenue:
      Min. EUR 6bn

      EBIT:
      Min. 5%

      FCF:
      Min. 300m

      FCF: Free cash flow

      *   Collected among 17 of the total number of analysts covering Vestas
      ** EBIT before special items

       

      Consensus 2013

      Collected before release of the annual report for 2013 on 3 February 2014*)

      mEUR

      Revenue
      2013

      Revenue
      2014

      Revenue
      2015

      EBIT
      2013**)

      EBIT
      2014

      EBIT
      2015

      FCF
      2013

      FCF
      2014

      FCF
      2015

      High

      6,030

      7,056

      7,787

      200

      458

      546

      1,022

      445

      599

      Mean

      5,790

      6,524

      6,824

      146

      352

      426

      987

      128

      338

      Average

      5,751

      6,603

      6,987

      133

      353

      427

      886

      164

      353

      Low

      5,350

      6,235

      6,600

      16

      211

      341

      205

      -140

      142

      Diff. between
      high and low

      680

      821

      1,187

      184

      247

      205

      817

      585

      457

      Guidance
      for 2013

      Revenue:
      At least EUR 5.5bn

      EBIT:
      At least 2%

      FCF:
      ~EUR 1bn



      FCF: Free Cash Flow

      *) Collected among 17 of the total number of analysts
      **) EBIT before special items

      Collected before Q3 release on 6 November 2013*)

      mEUR

      Revenue
      2013

      Revenue
      2014

      Revenue
      2015

      EBIT
      2013**)

      EBIT
      2014

      EBIT
      2015

      FCF
      2013

      FCF
      2014

      FCF
      2015

      High

      6,165

      7,251

      7,787

      141

      398

      470

      356

      336

      481

      Mean

      5,679

      6,498

      6,700

      94

      259

      339

      268

      232

      290

      Average

      5,681

      6,526

      6,784

      89

      285

      353

      266

      229

      307

      Low

      5,179

      5,935

      6,139

      -32

      197

      243

      151

      40

      174

      Diff. between
      high and low

      986

      1,316

      1,651

      173

      201

      227

      205

      296

      307

      Guidance
      for 2013

      Revenue:
      At least 5.5bn

      EBIT:
      At least 1%

      FCF:
      >200

       

      FCF: Free Cash Flow

      *) Collected among 13 of the total number of analysts
      **) EBIT before special items

      Collected before Q2 release on 21 August 2013*)

      mEUR

      Revenue
      2013

      Revenue
      2014

      Revenue
      2015

      EBIT
      2013**)

      EBIT
      2014

      EBIT
      2015 

      FCF
      2013

      FCF
      2014

      FCF
      2015

      High

      6,165

      6,832

      7,731

      138

      350

      435

      390

      200

      238

      Mean

      5,600

      6,329

      6,581

      90

      234

      289

      148

      133

      143

      Average

      5,643

      6,324

      6,597

      83

      227

      275

      127

      91

      138

      Low

      4,936

      5,763

      5,650

      17

      96

      90

      (391)

      (98)

      (86)

      Diff. between
      high and low

      1,229

      1,069

      2,081

      121

      254

      345

      781

      298

      369

      Guidance
      for 2013

       Revenue:
      At least 5.5bn

      EBIT:
      At least 1%

      FCF:
      >0

      FCF: Free Cash Flow

      *) Collected among 13 of the total number of analysts
      **) EBIT before special items

      Collected before Q1 release on 8 May 2013*)

      mio. EUR

      Revenue
      2013

      Revenue
      2014

      Revenue
      2015

      EBIT
      2013**)

      EBIT
      2014

      EBIT
      2015

      FCF
      2013

      FCF
      2014

      FCF
      2015

      High

      6,039

      6,642

      7,731

      131

      270

      338

      290

      243

      293

      Mean

      5,613

      6,185

      6,512

      64

      189

      227

      113

      90

      132

      Average

      5,618

      6,189

      6,504

      58

      186

      232

      114

      100

      148

      Low

      4,936

      5,785

      5,708

      (79)

      93

      93

      36

      (37)

      61

      Diff. between
      high and low

      1,103

      857

      2,023

      210

      177

      245

      254

      280

      232

      Guidance
      for 2013

      Revenue:
      At least 5.5bn

      EBIT:
      At least 1%

      FCF:
      >0

      FCF: Free Cash Flow

      *) Collected among 14 of the total number of analysts
      **) EBIT before special items

      Consensus 2012

      Collected before Q3 release on 7 November 2012*)

      mEUR

      Revenue
      2012

      Revenue
      2013

      Revenue
      2014

      EBIT
      2012**)

      EBIT
      2013

      EBIT
      2014 

      FCF
      2012

      FCF
      2013

      FCF
      2014

      Maximum

      7,653

      6,260

      7,887

      185

      208

      332

      154

      227

      234

      Mean

      7,078

      5,837

      6,377

      16

      115

      235

      (49)

      (35)

      38

      Average

      7,026

      5,780

      6,424

      41

      114

      210

      (60)

      (48)

      50

      Minimum

      6,314

      4,723

      5,196

      (73)

      (25)

      76

      (616)

      (406)

      (220)

      Diff. between
      max and min

      1,339

      1,537

      2,691

      258

      233

      256

      770

      633

      454

      Guidance
      for 2012

       Revenue:
      6,500 - 8,000

      EBIT:
      0 - 4%

      FCF:
      >0

      FCF: Free Cash Flow

      *) Collected among 16 of the total number of analysts
      **) EBIT before special items

      Collected before Q2/H1 release on 22 August 2012*)

      mEUR

      Revenue
      2012

      Revenue
      2013

      Revenue
      2014

      EBIT
      2012**)

      EBIT
      2013

      EBIT
      2014

      FCF
      2012

      FCF
      2013

      FCF
      2014

      Maximum

      7,835

      7,152

      9,218

      95

      288

      410

      135

      275

      169

      Mean

      7,230

      6,413

      6,844

      65

      111

      173

      (156)

      (133)

      31

      Average

      7,139

      6,206

      6,912

      16

      88

      169

      (226)

      (134)

      (67)

      Minimum

      6,284

      4,944

      5,191

      (395)

      (233)

      (193)

      (971)

      (554)

      (449)

      Diff. between
      max and min

      1,551

      2,208

      4,027

      490

      521

      603

      1,106

      823

      618

      Guidance
      for 2012

      Revenue:
      6,500 - 8,000

      EBIT:
      0 - 4%

      FCF:
      >0

      FCF: Free Cash Flow

      *) Collected among 12 of the total number of analysts
      **) EBIT before special items

      Collected before Q1 release on 2 May 2012*)

      mEUR

      Revenue
      2012

      Revenue
      2013

      Revenue
      2014

      EBIT
      2012**)

      EBIT
      2013

      EBIT
      2014

      Maximum

      8,711

      7,566

      9,218

      258

      346

      513

      Mean

      7,258

      6,457

      7,137

      152

      151

      292

      Average

      7,314

      6,432

      7,097

      156

      165

      291

      Minimum

      6,221

      5,168

      5,426

      70

      22

      146

      Diff. between
      max and min

      2,490

      2,398

      3,792

      188

      324

      367

      Guidance
      for 2012

      Revenue:
      6,500 - 8,000

      EBIT:
      0 - 4%

      *) Collected among 12 of the total number of analysts 

      Consensus 2011

      Collected February 2012*)

      mEUR

      Revenue
      2011

      Revenue
      2012

      Revenue
      2013

      EBIT
      2011

      EBIT
      2012

      EBIT
      2013

      Maximum

      6,368

      8,691

      7,906

      184

      608

      530

      Mean

      6,002

      7,283

      6,977

      1

      388

      378

      Average

      6,024

      7,288

      6,863

      10

      388

      367

      Minimum

      5,949

      6,195

      5,793

      (8)

      134

      225

      Diff. between
      max and min

      419

      2,496

      2,113

      192

      474

      305

      Guidance
      for 2011

       Revenue:
      6,000

      EBIT:
      0

      *) Collected among the following analysts: Alm Brand, BPI, Bryan, Garnier & Co., Carnegie, Citigroup, Credit Suisse, DnB NOR Markets, Exane BNP Paribas, Goldman Sachs, Handelsbanken, HSBC, ING, JP Morgan, Jyske bank, Morgan Stanley, Nordea, Nykredit Markets, Redburn, Sanford C. Bernstein, SEB Enskilda, Simmons, Standard & Poor's, Sydbank, UBS

      Collected November 2011

      mEUR

      Revenue
      2011

      Revenue
      2012

      Revenue
      2013

      EBIT
      2011

      EBIT
      2012

      EBIT
      2013

      Maximum

      7,080

      8,522

      9,812

      809

      987

      410

      Mean

      6,731

      7,258

      7,561

      310

      497

      173

      Average

      6,643

      7,306

      7,601

      365

      530

      169

      Minimum

      6,250

      6,429

      5,944

      153

      295

      -193

      Diff. between
      max and min

      830

      2,093

      3,868

      656

      692

      603

      Guidance
      for 2011

      Revenue:
      6,400

      EBIT:
      256

      Collected August 2011*)

      mEUR

      Revenue
      2011

      Revenue
      2012

      Revenue
      2013

      EBIT
      2011

      EBIT
      2012

      EBIT
      2013

      Maximum

      7,980

      9,160

      9,764

      957

      1,167

      944

      Mean

      6,816

      7,443

      8,051

      463

      544

      624

      Average

      6,889

      7,495

      8,039

      477

      581

      634

      Minimum

      6,054

      6,746

      6,285

      151

      170

      274

      Diff. between
      max and min

      1,926

      2,414

      3,479

      806

      997

      670

      Guidance
      for 2011

      Revenue:
      7,000

      EBIT:
      490