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 Close X Annual report 2016 For full-year 2016, revenue amounted to EUR 10.2bn. EBIT margin before special items was 13.9 percent. Financial reports Audiocast SHARE BOND ANNOUNCEMENTS FINANCIAL REPORTS CORPORATE GOVERNANCE CALENDARS CONTACT IR SHARE PERFORMANCE SHARE CAPITAL BASIC DATA SHARE RATIOS SHARE ANALYSTS CONSENSUS Share 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. Browser not compatible. 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. Quick Links General meeting Company announcements Financial reports Financial calendar Share performance Browser not compatible. Read more Ownership At the end of December 2016, Vestas had 145,267 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. Did you find what you were looking for? 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 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 221,544,727 Nominal denomination DKK 1 Number of shares 221,544,727 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 Phuc Nguyen Tel: +44 20798 69852 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 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 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 In transition 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 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. Consensus mEUR Revenue EBIT before special items Free cash flow 2016 2017 2018 2016 2017 2018 2016 2017 2018 High 10,513 10,316 11,468 1,487 1,489 1,567 1,690 1,062 1,197 Average 10,297 9,682 10,038 1,426 1,241 1,312 1,433 564 864 Low 10,104 8,645 8,282 1,354 863 827 984 (44) 642 Difference between high and low 409 1,671 3,186 133 626 740 706 1,106 555 Consensus collected before the disclosure of the annual report 2016 and based on input from 19 analysts. Quick Links Financial reports Outlook Financial calendar Roadshows Contact IR CONTACT Vestas Investor Relations Press Office Partnering PRODUCTS Turbines Services Options and Solutions Brochures AFFILIATES UpWind Solutions Availon NEWS Company news Financial reports News services Current share price 429.70 +0.77 % 20 February 2018 08:06 CET Vestas Wind Systems A/S Hedeager 42 8200 Aarhus N Denmark +45 97 30 00 00 Company reg. no. 10403782 ©Vestas 2016 All rights reserved Cookie Policy Site Disclaimer Wind. It means the world to us.™