Vestas Wind Systems A/S

DB:VWSB Stock Report

Market Cap: €13.3b

Vestas Wind Systems Management

Management criteria checks 3/4

Vestas Wind Systems' CEO is Henrik Andersen, appointed in Aug 2019, has a tenure of 5.33 years. total yearly compensation is €8.52M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.023% of the company’s shares, worth €3.12M. The average tenure of the management team and the board of directors is 4.6 years and 4.7 years respectively.

Key information

Henrik Andersen

Chief executive officer

€8.5m

Total compensation

CEO salary percentage20.7%
CEO tenure5.3yrs
CEO ownership0.02%
Management average tenure4.6yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Henrik Andersen's remuneration changed compared to Vestas Wind Systems's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

€49m

Jun 30 2024n/an/a

-€49m

Mar 31 2024n/an/a

-€6m

Dec 31 2023€9m€2m

€77m

Sep 30 2023n/an/a

-€612m

Jun 30 2023n/an/a

-€788m

Mar 31 2023n/an/a

-€792m

Dec 31 2022€5m€2m

-€2b

Sep 30 2022n/an/a

-€1b

Jun 30 2022n/an/a

-€764m

Mar 31 2022n/an/a

-€563m

Dec 31 2021€4m€2m

€134m

Sep 30 2021n/an/a

€692m

Jun 30 2021n/an/a

€861m

Mar 31 2021n/an/a

€772m

Dec 31 2020n/an/a

€765m

Sep 30 2020n/an/a

€485m

Jun 30 2020n/an/a

€507m

Mar 31 2020n/an/a

€604m

Dec 31 2019n/an/a

€704m

Sep 30 2019n/an/a

€640m

Jun 30 2019n/an/a

€513m

Mar 31 2019n/an/a

€607m

Dec 31 2018€147kn/a

€684m

Compensation vs Market: Henrik's total compensation ($USD8.87M) is above average for companies of similar size in the German market ($USD4.84M).

Compensation vs Earnings: Henrik's compensation has been consistent with company performance over the past year.

CEO

Henrik Andersen (57 yo)

5.3yrs

Tenure

€8,519,892

Compensation

Mr. Henrik Andersen serves as Director of Saxo Bank A/S and Saxo Bank (Switzerland) Ltd. since 2022. He has been Group President and Chief Executive Officer of Vestas Wind Systems A/S since August 1, 2019....

Leadership Team

NamePositionTenureCompensationOwnership
Henrik Andersen
Group President & CEO5.3yrs€8.52m0.023%
€ 3.1m
Rasmus Gram
Interim EVP & CFOless than a yearno datano data
Anders Nielsen
Executive VP & CTO4.6yrsno datano data
Daniel Patterson
VP & Head of Investor Relationsno datano datano data
Anders Riis
Vice President of Communicationsno datano datano data
Morten Dyrholm
Group Senior Vice President of Marketingno datano datano data
Javier Diez
Executive VP of Sales & Chief Sales Officer3.4yrsno datano data
Anne Pearce
Executive Vice President of People & Cultureless than a yearno datano data
Anders Vedel
Chief Scientific Advisor4.6yrsno datano data
Danny Nielsen
Senior VP & Country Head10.7yrsno datano data
Christian Venderby
Executive VP of Service & Chief Service Officerno datano datano data
Flemming Ougaard
Senior VP and Head of Global Offshore Service & Constructionno datano datano data

4.6yrs

Average Tenure

56yo

Average Age

Experienced Management: VWSB's management team is considered experienced (4.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Karl-Henrik Sundstrom
Independent Deputy Chair of the Board4.7yrs€239.17k0.00081%
€ 108.0k
Lena Olving
Independent Director2.7yrs€131.08k0.00025%
€ 33.3k
Sussie Agerbo
Employee Representative Director19.1yrs€61.09kno data
Anders Runevad
Chairman of the Board4.7yrs€323.53k0.0050%
€ 666.8k
Eva Merete Berneke
Independent Director5.7yrs€132.95k0.0017%
€ 228.0k
Helle Thorning-Schmidt
Independent Director5.7yrs€97.02k0.00027%
€ 36.0k
Michael Lisbjerg
Employee Representative Director16.7yrs€61.09kno data
Henriette Thygesen
Directorless than a yearno datano data
Claus Christensen
Employee Representative Director2.6yrs€61.09kno data
Louise B. Nielsen
Employee Representatives Directorless than a yearno datano data

4.7yrs

Average Tenure

56yo

Average Age

Experienced Board: VWSB's board of directors are considered experienced (4.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 09:56
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Vestas Wind Systems A/S is covered by 64 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lars HeindorffABG Sundal Collier
Scott McCollisterArdour Capital Investments, LLC
Flora Mericia TrindadeBanco BPI, S.A.