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

The share closed 31 December 2016 at DKK 459.00 equal to a market capitalisation of EUR 14bn. During 2016, the price of the Vestas share declined by 5 percent. 

Trade in Vestas shares

The Vestas share is only registered on Nasdaq 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.

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    Share performance

    Read more

    At the end of June 2017, Vestas had 140,031 shareholders registered by name, including custodian banks. 

    The shareholder corner

    Get a quick overview of Vestas and learn how to become an active Vestas shareholder.

    Ask Vestas a question

    If you have a question you are welcome to write us an email. We will answer you as soon as possible.

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    If you miss some information on our website, if you have suggestions or good ideas for the investor website then please contact us. 

    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
    06/04/2017  Reduction of share capital
    Nominal decrease: DKK 6,047,780    		 1  215,496,947 
    28/04/2016  Reduction of share capital
    Nominal decrease: DKK 2,529,786    		 1  221,544,727 
    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

    Basic data

    Stock exchange
    Nasdaq Copenhagen

    Stock exchange quotation
    1998

    ISIN code
    DK0010268606

    Ticker symbol
    VWS

    Share capital
    DKK 215,496,947

    Nominal denomination
    DKK 1

    Number of shares
    215,496,947

    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 ratios

     

    2016

     2015  

     Earnings per share (EUR)
     Book value per share (EUR)
     Price / book value (EUR)
     P / E-value (EUR)
     Cash flow from operating activities per share (EUR)
     Dividend per share (EUR)
     Payout ratio (%)
     Share price 31 December (EUR)
     Average number of shares
     Number of shares at the end of year

    4.4
    14.4
    4.3
    14.0
    9.8
    1.31*
    30.0*
    61.7
    222,360,341
    221,544,727

    3.1  
    12.9  
    5.0  
    21.2  
    6.6  
    0.91  
    29.9  
    64.8  
    224,074,513  
    224,074,513  
     *) Based on proposed dividend
    		    


    Share analysts

    The following analysts cover the Vestas share:


    ABG Sundal Collier, Denmark
    Casper Blom
    Tel: +45 3546 3015 

    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
    Marcus Bellander
    Tel: +45 3288 0298

    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

    DNB Markets, Norway
    Eivind Sars Veddeng
    Tel: +47 2416 9203

    Goldman Sachs, UK
    Manuel Losa
    Tel: +44 20 7774-8817

    Handelsbanken, Denmark 
    Dan Togo
    Tel: +45 4679 1612

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

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

    J. P. Morgan, UK
    Akash Gupta
    Tel: +44 207 742 7978

    Kepler Cheuvreux, Sweden
    Douglas Lindahl
    Tel: +46 8 723 5173

    Macquarie, UK
    Gurpreet Gujral
    Tel: +44 203 037 2249

    Morgan Stanley, UK
    Robert J. Davies
    Tel: +44 20 7425 2057

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

    Nordea Markets, Denmark
    Claus Almer
    Tel: +45 5547 8041

    SEB Enskilda, Denmark
    Fasial Kalim Ahmad
    Tel: +45 3328 3310

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

    Sydbank, Denmark
    Jacob Pedersen
    Tel: +45 7437 4452

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

     

    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.

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      Consensus

       

      mEUR

       Revenue

      EBIT before special items

      Free cash flow

       

      2017

      2018

      2019

      2017

      2018

      2019

      2017

      2018

      2019
      High 

      10,509

      11,575

      12,291

      1,587

      1,656

      1,730

      1,250

      1,494

      1,475
      Average

      10,202

      10,594

      10,910

      1,419

      1,478

      1,536

      850

      1,082

      1,131
      Low

      9,628

      8,951

      9,013

      1,246

      895

      901

      508

      611

      593
                         
      Difference between high and low

      881

      2,624

      3,278

      341

      761

      829

      742

      883

      882

      Consensus collected after the disclosure of interim financial first quarter 2017 report and based on input from 13 analysts.

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