A sustainable investment

We are the undisputed global leader in wind power, and our sustainability strategy is: Sustainability in Everything We Do.


We have more than 200,000 dedicated shareholders from over 100 different countries that follow us closely on our journey To Become the Global Leader in Sustainable Energy Solutions.


We were listed at Nasdaq Copenhagen in 1998 and our ticker symbol is VWS.

Share capital and ownership

Vestas Wind Systems A/S’ share is listed on Nasdaq Copenhagen with more than 200,000 shareholders registered by name.

Major shareholder
BlackRock Inc, Wilmington, DE U.S.A. has informed us that their holding of Vestas shares exceeds 5 percent of the share capital.

Treasury shares
On 31 December 2022, Vestas Wind Systems A/S held a total of 3,689,702 treasury shares, corresponding to 1.8 percent of the share capital, which we will use to cover long-term incentive awards.

Current share price

Basic data 
Stock exchangeNasdaq Copenhagen
Stock exchange quotation1998
ISIN codeDK0061539921
Ticker symbolVWS
Share capitalDKK 201,973,452
Nominal denominationDKK 0.20
Number of shares1,009,867,260
Share classesOne share class
Voting rightsOne share carries 20 votes
Free float100 per cent free float
Trading lot (minimum)None, one share is tradable

How to buy Vestas shares

The Vestas share is registered on the Nasdaq Copenhagen stock exchange only, under securities code DK0061539921, and is part of the OMX C25 index.

Stakeholders outside Denmark 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.

Share price monitor

Share capital history

Since the initial public offering in 1998, Vestas' share capital has been changed a number of times latest in April 2021 where we carried out a  share split at a ratio of  1:5. After the share split, Vestas' total share capital of  nominally DKK 201,973,452  corresponds to 1,009,867,260  shares of nominally DKK 0.20.

DateActivityDenomination (DKK)Total no. of shares
28 April Share split 0.201,009,867,260
14 December 
Private placement
Nominal increase: DKK 5,049,337
06 May
Reduction of share capital
Nominal decrease: DKK 1,977,848
07 MayReduction of share capital
Nominal decrease: DKK 6,794,040


File title:
Total overview of Vestas' share capital history

Dividend and dividend history

Any decision to distribute cash to shareholders will be made in due consideration of the capital structure targets and availability of excess cash. Determining the level of excess cash will always be based on the company’s growth plans and liquidity requirements.

The Board’s general intention is to recommend a dividend of 25-30 percent of the year’s net result after tax, which will be paid out following the approval by the Annual General Meeting.

Payment day:                   The third bank day after the General Meeting

Currency:                              Danish kroner (DKK)




Annual Report 2022

The Board proposes to the Annual General Meeting that no dividend payment will be distributed to the shareholders in 2023. 

Profit for the year (mEUR)(1,572)143771700683
Cash flow from investing activities before acquisitions of subsidiaries and financial investments (mEUR)758773687**729603
Dividend (mEUR)-50230211205
Dividend per share (EUR)

*) Comparative figures for 2021 have been adjusted following the accounting policy change for configuration and customisation cost in cloud computing arrangements, refer to note 7.2, Annual Report 2022..
**) Comparative figures have been restated to reflect change in classifications of investments. Comparative figures from 2018 to 2019 have not been restated. 

Equity analysts and consensus

The consensus sheet is prepared based on input received from the analysts covering the Vestas share and is prepared approx. two weeks before and after the disclosure of a financial report. Participation and sample size may vary.

Currently around 28 analysts cover the Vestas share. Please see their contact information in the list to the right.
ABG Sundal CollierStig Frederiksen +45 35 46 30 15 
Bank of America Merrill LynchGeorge Featherstone; Ben Heelan
+44 20 7996 9028; +44 20 7996 5723
Henry Tarr
+44 20 3207 7827 
BernsteinDeepa Venkateswaran+44 20 7959 4915
Dan Togo
+45 3288 0245
Martin Wilkie
+44 20 7986 4077
Credit Suisse
Mark Freshney
+44 20 7888 0887
Danske Bank
Casper Blom+45 42707722 
Deutsche Bank
Gael de-Bray (interim)
+33 1 4495 6562
DNB MarketsDouglas Lindahl+46 70 17 014 67
Exane BNP ParibasSebastian Growe+49 69 4272 97323
Goldman Sachs
Ajay Patel
+44 20 7552 1168
HandelsbankenGustaf Schwerin+46 (0)87011381
Sean Diego Mcloughlin
+44 207 991 3464
JefferiesLucas Ferhani+44 020 7548 4728
J.P. MorganAkash Gupta+44 207 742 7978 
Jyske Bank
Janne Vincent Kjær
+45 8989 7036
Kepler Cheuvreux
William Mackie+44 207 621 5183
Morgan Stanley
Ben Uglow
Tel: +44 20 7425 8750
Matthew Donen
+31 20 797 0012
Nordea Markets
Claus Almer
+45 5547 8041
Pareto Securities
Bård Rosef
+47 2413 2156
RedburnSimon Toyne+44 20 7000 2065
Virginia Sanz de Madrid Grosse
+34 91 257 0839
SEB Enskilda
Kristian Tornøe Johansen+45 33 28 33 07
Societe Generale
Rajesh Singla
+91 80 6732 2149
Jacob Pedersen
+45 7437 4452 
Supriya Subramanian
+44 20 7568 4819

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.