Main industries for revenues:

1. Wind turbines
2. Services for wind turbines
3. Offshore wind projects

TOP 3 markets:

1. USA: approx. 25%
2. Germany: approx. 15%
3. China: approx. 12%

Vestas Wind Systems A/S generates the majority of its revenues through the sale and installation of wind turbines as well as through services that include maintenance and optimization of existing facilities. The USA represents the largest single market, followed by Germany and China, which also make significant contributions to the total revenue. These markets are particularly important for Vestas as they have well-developed infrastructures and political support for renewable energies.

Production sites of Vestas Wind Systems A/S:

• Denmark
• Germany
• Spain
• USA
• China
• India

Vestas Wind Systems A/S is a globally leading manufacturer of wind turbines and has production facilities in several countries to meet global demand. The main production sites are located in Denmark, where the company is headquartered. Other significant production sites are in Germany and Spain, which are central for the European market.

In the USA, Vestas has multiple production sites to serve the North American market. In Asia, the company operates plants in China and India, which are strategically important to meet the growing demand in these markets. This global presence enables Vestas to efficiently respond to regional market requirements and optimize logistics costs.

Revenue Growth: Estimated 8-10% annually (2025-2027)

Investments in Research and Development: Over 400 million euros annually (estimate 2025)

Vestas Wind Systems A/S pursues a growth strategy that heavily relies on innovation and technological advancement. The company invests significantly in research and development to develop more efficient and powerful wind turbines. These investments enable Vestas to secure its competitiveness in an increasingly dynamic market environment.

Another focus is on geographical expansion, particularly in high-growth markets such as Asia and North America. Vestas plans to expand its production capacities in these regions to meet the growing demand for renewable energies.

Additionally, Vestas is leveraging strategic partnerships and collaborations to strengthen its market presence and expedite the market readiness of new technologies. This strategy is intended not only to promote revenue growth but also to ensure the long-term profitability of the company.

Main raw materials: Steel, fiberglass, copper, rare earths
Countries of origin: China, Germany, USA, India

Vestas Wind Systems A/S imports a variety of raw materials that are essential for the production of wind turbines. Steel and fiberglass are two of the most important materials needed for the structure and rotor blades of the turbines. These materials are often sourced from countries such as China and Germany, which have strong production capacities in these areas.

Copper, which is needed for electrical components and wiring, is often imported from the USA and other countries with significant copper deposits. Rare earths, used for the production of permanent magnets in the turbines' generators, mainly come from China, which controls a large part of the global production.

The procurement of these raw materials is crucial for Vestas' production efficiency and cost structure, as they have a significant impact on the supply chain and pricing.

Market Share: 16% (2024, estimated)
R&D Expenses: 4.5% of revenue (2024)
Production Capacity: 16 GW (2024)

Vestas Wind Systems A/S is one of the leading manufacturers of wind turbines worldwide. The company's competitive advantage lies in its strong market position, supported by a significant market share of approximately 16%. This position enables Vestas to benefit from economies of scale and optimize its cost structure.

Another key advantage is the continuous investment in research and development, accounting for about 4.5% of revenue. These investments allow Vestas to develop innovative technologies and continuously improve its product range, which is crucial to remain competitive in a rapidly evolving market.

In addition, Vestas has a high production capacity of 16 GW, enabling the company to efficiently serve large projects and respond flexibly to market demands. This, combined with a global presence and a strong service network, further strengthens Vestas' competitive advantage.

Institutional Investor Share: approximately 50-60% (estimated, 2025)
Insider Buys/Sells: No significant transactions known (2025)

The institutional investor share in Vestas Wind Systems A/S typically ranges between 50 and 60 percent, based on historical data and the usual participation of institutional investors in large publicly traded companies. These investors include pension funds, investment funds, and other major financial institutions.

There are no significant insider buys or sells known for the year 2025. This suggests that the management and other insiders are currently not making significant changes to their holdings, which could indicate a stable confidence in the company's strategy and future development.

Market share of Vestas Wind Systems A/S: 20% (estimated for 2025)

Top competitors and their market shares:

1. Siemens Gamesa Renewable Energy: 18%
2. GE Renewable Energy: 15%
3. Goldwind: 13%
4. Envision Energy: 10%
5. Nordex: 8%
6. Mingyang Smart Energy: 7%
7. Suzlon Energy: 5%
8. Enercon: 4%

Vestas Wind Systems A/S is one of the leading manufacturers in the wind energy industry and holds a significant market share of approximately 20%. The market share reflects Vestas' strong position, supported by its global presence and technological innovations.

Vestas' moat mainly consists of its established brand, a wide product portfolio, and a strong global supply chain. This enables the company to produce efficiently and deliver worldwide. Additionally, Vestas continuously invests in research and development to achieve technological advancements and increase the efficiency of its wind turbines.

Compared to competitors, Siemens Gamesa also has a strong moat, especially through its integration into the Siemens group, which allows for synergies. GE Renewable Energy benefits from the strong financial support and technological expertise of its parent company General Electric.

Overall, Vestas has a significant advantage due to its market leadership and innovation. However, the competition is intense, and competitors are also heavily investing in technology and expansion, which mitigates Vestas' moat.

Revenue Growth: 8.5% (2024) Order Backlog: 20 billion euros (2024) Research & Development: 4% of revenue (2024)

Vestas Wind Systems A/S recorded a revenue growth of 8.5% in 2024. This indicates a positive business development, supported by strong demand for renewable energies and wind turbines.

The order backlog of 20 billion euros shows that Vestas has a solid pipeline of future projects, indicating a stable revenue base for the coming years. This is particularly important in a volatile market environment as it provides the company with a certain level of planning security.

Additionally, Vestas invests 4% of its revenue in research and development, indicating a strategic focus on innovation and technological advancements. These investments could enable the company to strengthen its market position and explore new business opportunities.

Overall, these factors suggest that Vestas Wind Systems A/S is well positioned to benefit from the global energy transition. This could make the stock an attractive investment, especially for investors focusing on long-term growth in the renewable energy sector.

Dividend payment: No dividend (2025)

Vestas Wind Systems A/S has not paid any dividends in recent years. The company has focused on reinvesting its profits into growth and the development of new technologies to strengthen its market position in the renewable energy sector.

The decision not to pay a dividend reflects the strategic focus on investing financial resources in research and development as well as expanding production capacities. This can lead to an increase in the company's value in the long term, even if no dividend yield is available to shareholders in the short term.