Vestas Wind Systems Future Growth

Future criteria checks 4/6

Vestas Wind Systems is forecast to grow earnings and revenue by 17.9% and 7.5% per annum respectively. EPS is expected to grow by 19% per annum. Return on equity is forecast to be 23.9% in 3 years.

Key information

17.9%

Earnings growth rate

19.00%

EPS growth rate

Electrical earnings growth	16.5%
Revenue growth rate	7.5%
Future return on equity	23.86%
Analyst coverage	Good
Last updated	22 Feb 2026

Recent future growth updates

Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results

Feb 09

Vestas Wind Systems A/S (CPH:VWS) Just Released Its First-Quarter Earnings: Here's What Analysts Think

May 09

Recent updates

Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results

Feb 09

Vestas Wind Systems A/S' (CPH:VWS) P/S Is Still On The Mark Following 25% Share Price Bounce

May 17

The Strong Earnings Posted By Vestas Wind Systems (CPH:VWS) Are A Good Indication Of The Strength Of The Business

May 14

Vestas Wind Systems A/S (CPH:VWS) Just Released Its First-Quarter Earnings: Here's What Analysts Think

May 09

Is Vestas Wind Systems (CPH:VWS) A Risky Investment?

Apr 17

Shareholders Will Probably Hold Off On Increasing Vestas Wind Systems A/S' (CPH:VWS) CEO Compensation For The Time Being

Apr 02

The Returns On Capital At Vestas Wind Systems (CPH:VWS) Don't Inspire Confidence

Mar 22

Power Solutions Backlog And Global Expansion Drive Promising Future Growth

Nov 07 Strong backlog growth in Power Solutions and offshore projects indicate significant future revenue and profitability potential.

Earnings and Revenue Growth Forecasts

CPSE:VWS - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	23,848	1,486	1,346	2,543	17
12/31/2027	22,627	1,349	1,208	2,440	24
12/31/2026	20,927	1,082	884	2,138	24
12/31/2025	18,822	778	1,008	2,286	N/A
9/30/2025	18,693	937	1,883	3,155	N/A
6/30/2025	18,531	762	1,134	2,404	N/A
3/31/2025	18,082	572	1,851	3,115	N/A
12/31/2024	17,295	499	1,177	2,332	N/A
9/30/2024	15,925	49	1,091	2,149	N/A
6/30/2024	15,101	-49	1,016	2,029	N/A
3/31/2024	15,234	-6	326	1,246	N/A
12/31/2023	15,382	77	137	1,027	N/A
9/30/2023	15,394	-612	-261	578	N/A
6/30/2023	14,954	-788	-807	-5	N/A
3/31/2023	14,830	-792	-1,033	-241	N/A
12/31/2022	14,486	-1,572	-1,014	-195	N/A
9/30/2022	14,254	-1,026	-1,709	-885	N/A
6/30/2022	15,879	-764	-607	242	N/A
3/31/2022	16,110	-563	-91	782	N/A
12/31/2021	15,587	134	120	956	N/A
9/30/2021	15,309	692	69	875	N/A
6/30/2021	14,541	861	318	1,050	N/A
3/31/2021	14,546	772	63	749	N/A
12/31/2020	14,819	765	55	743	N/A
9/30/2020	15,196	485	345	1,051	N/A
6/30/2020	14,072	507	-24	714	N/A
3/31/2020	12,652	604	1	763	N/A
12/31/2019	12,147	704	47	823	N/A
9/30/2019	10,866	640	N/A	1,357	N/A
6/30/2019	10,031	513	N/A	941	N/A
3/31/2019	10,170	607	N/A	789	N/A
12/31/2018	10,134	684	N/A	1,021	N/A
9/30/2018	9,884	760	N/A	766	N/A
6/30/2018	9,816	834	N/A	1,151	N/A
3/31/2018	9,762	836	N/A	1,161	N/A
12/31/2017	9,953	894	N/A	1,625	N/A
9/30/2017	10,147	942	N/A	1,875	N/A
6/30/2017	10,307	998	N/A	1,823	N/A
3/31/2017	10,658	1,090	N/A	2,291	N/A
12/31/2016	10,237	965	N/A	2,181	N/A
9/30/2016	9,959	920	N/A	1,344	N/A
6/30/2016	9,176	817	N/A	1,313	N/A
3/31/2016	8,368	664	N/A	1,149	N/A
12/31/2015	8,423	685	N/A	1,472	N/A
9/30/2015	7,861	581	N/A	1,587	N/A
6/30/2015	7,554	477	N/A	1,521	N/A
3/31/2015	7,146	446	N/A	1,293	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VWS's forecast earnings growth (17.9% per year) is above the savings rate (1.9%).

Earnings vs Market: VWS's earnings (17.9% per year) are forecast to grow faster than the Danish market (5.8% per year).

High Growth Earnings: VWS's earnings are forecast to grow, but not significantly.

Revenue vs Market: VWS's revenue (7.5% per year) is forecast to grow faster than the Danish market (4.2% per year).

High Growth Revenue: VWS's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VWS's Return on Equity is forecast to be high in 3 years time (23.9%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/24 04:23
End of Day Share Price	2026/02/24 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vestas Wind Systems A/S is covered by 44 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.

Analyst	Institution
Flora Mericia Trindade	Banco BPI, S.A.
Virginia Sanz de Madrid Gross	Banco Santander
Vladimir Sergievskii	Barclays

Vestas Wind Systems Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results

Vestas Wind Systems A/S Provides Earnings Guidance for the Fiscal Year 2026

Vestas Wind Systems A/S Revises Earnings Guidance for Year 2025

Vestas Wind Systems A/S Reaffirms Earnings Guidance for the Year 2025

Vestas Wind Systems A/S (CPH:VWS) Just Released Its First-Quarter Earnings: Here's What Analysts Think

Consensus EPS estimates fall by 14%

Recent updates

Investor sentiment deteriorates as stock falls 18%

Here's What Analysts Are Forecasting For Vestas Wind Systems A/S (CPH:VWS) After Its Annual Results

Dividend of kr.0.74 announced

Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 25% undervalued

Vestas Wind Systems A/S Provides Earnings Guidance for the Fiscal Year 2026

Vestas Wind Systems A/S' (CPH:VWS) 25% Jump Shows Its Popularity With Investors

Vestas Wind Systems' (CPH:VWS) Strong Earnings Are Of Good Quality

Investor sentiment improves as stock rises 22%

Vestas Wind Systems A/S to Report Q2, 2026 Results on Aug 12, 2026

Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Vestas Wind Systems A/S Revises Earnings Guidance for Year 2025

Vestas Wind Systems A/S (CPSE:VWS) completed the acquisition of Blades factory of LM Wind Power in Poland from LM Wind Power A/S.

Investor sentiment improves as stock rises 16%

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Vestas Wind Systems A/S Reaffirms Earnings Guidance for the Year 2025

Is Now An Opportune Moment To Examine Vestas Wind Systems A/S (CPH:VWS)?

Investor sentiment improves as stock rises 16%

New major risk - Share price stability

Investor sentiment improves as stock rises 17%

Vestas Wind Systems (CPH:VWS) Is Reinvesting At Lower Rates Of Return

Vestas Wind Systems A/S' (CPH:VWS) P/S Is Still On The Mark Following 25% Share Price Bounce

Vestas Wind Systems A/S (CPSE:VWS) agreed to acquire Blades factory of LM Wind Power in Poland from LM Wind Power A/S.

The Strong Earnings Posted By Vestas Wind Systems (CPH:VWS) Are A Good Indication Of The Strength Of The Business

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Vestas Wind Systems A/S (CPH:VWS) Just Released Its First-Quarter Earnings: Here's What Analysts Think

First quarter 2025 earnings released

Is Vestas Wind Systems (CPH:VWS) A Risky Investment?

Less than half of directors are independent

Vestas Wind Systems A/S Approves Dividend for the Financial Year 2024

Vestas Wind Systems A/S Appoints New Board Members

Upcoming dividend of kr.0.55 per share

Shareholders Will Probably Hold Off On Increasing Vestas Wind Systems A/S' (CPH:VWS) CEO Compensation For The Time Being

The Returns On Capital At Vestas Wind Systems (CPH:VWS) Don't Inspire Confidence

Vestas Wind Systems A/S, Annual General Meeting, Apr 08, 2025

Consensus EPS estimates fall by 14%

Vestas Wind Systems A/S Provides Revenue Guidance for the Year 2025

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Jakob Wegge-Larsen to Become Vestas Wind Systems A/S' New Chief Financial Officer

Vestas Wind Systems Announces Stepping Down of Hans Martin Smith as Chief Financial Officer by the End of 2024

Chairman of the Board recently bought kr.1.1m worth of stock

Group President & CEO recently bought kr.1.1m worth of stock

Power Solutions Backlog And Global Expansion Drive Promising Future Growth

New minor risk - Share price stability

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Vestas Wind Systems A/S to Report Q1, 2025 Results on May 06, 2025

Now 20% undervalued after recent price drop

New minor risk - Share price stability

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

William Fehrman Steps Down from the Board of Directors of Vestas Wind Systems A/S

Vestas Wind Systems A/S Narrows Earnings Guidance for the Year 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Vestas Wind Systems A/S Announces Board of Directors Changes

Vestas Wind Systems A/S Announces Board Changes

Climate Finance Partnership Fund SCSp, a fund managed by Blackrock acquired 12.5% stake in Lake Turkana Wind Power Limited from Vestas Wind Systems A/S (CPSE:VWS).

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Vestas Wind Systems A/S Provides Earnings Guidance for the Year 2024

Vestas Introduces Low-Emission Steel Offering for Wind Turbines

Vestas Wind Systems A/S Revises Revenue Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

New minor risk - Share price stability

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources