Vestas Manufacturing A/S
Public limited companyCVR 27988210Aarhus NActive
Vestas Manufacturing A/S is a public limited company, based in Aarhus N, active in manufacture of engines and turbines, except aircraft, vehicle and cycle engines, founded in 2004. Net profit rose 126% from 2024 to 2025, ending at DKK 426.1m. Measured by gross profit, it ranks no. 3 of 19 companies in the industry in the database. Profit has grown three years in a row.
Key figures · financial year 2025
RevenueDKK 50.4bn+11.9% vs. 2024
Net profitDKK 426.1m+126.4% vs. 2024
EquityDKK 7.9bn+11.2% vs. 2024
Employees3,368latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 21% (2024 → 2025), to DKK 322.5m.
- Revenue rose 12% (2024 → 2025), to DKK 50.4bn.
- Net profit rose 126% (2024 → 2025), to DKK 426.1m.
- Equity rose 11% (2024 → 2025), to DKK 7.9bn.
Employees
- 287 more employees than a year earlier: 3,368 (07/2026) against 3,081 (07/2025).
Management and owners, last 24 months
- New in management: Annette Høi Butt Terndrup (board member, 03/06/2025), Felix Henseler (ceo, 22/10/2025) and Belén Amaia Sanchéz Talavero (board member, 02/09/2026) (+1).
- Stepped down: Thomas Gunner Arendt (board member, 03/06/2025), Anne Pearce (board member, 17/06/2026) and Anders Olof Nielsen (ceo, 22/10/2025) (+1).
Registrations, last 24 months
- 01/01/2025: Industry changed to Manufacture of engines and turbines, except aircraft, vehicle and cycle engines (281100)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 50,728,752 | 47,601,893 | 41,353,668 | 37,691,904 | 45,060,984 | 50,409,028 | +11.9% |
| Gross profit | 2,644 | 363,998 | 225,022 | 279,603 | 265,687 | 322,537 | +21.4% |
| Profit before tax | – | −73,567 | – | – | 248,635 | 621,156 | +149.8% |
| Net profit | 155,053 | −116,307 | −186,547 | 135,842 | 188,171 | 426,097 | +126.4% |
| Total assets | 19,491,529 | 24,833,431 | 20,938,780 | 19,055,931 | 22,469,855 | 43,725,817 | +94.6% |
| Equity | 7,502,514 | 7,798,967 | 7,141,949 | 7,103,488 | 7,110,358 | 7,908,799 | +11.2% |
| Liabilities | 11,769,080 | 16,918,770 | 13,796,831 | 11,952,443 | 15,359,497 | 35,817,018 | +133.2% |
| Cash and cash equivalents | – | – | – | 62,770 | 0 | – | – |
| Average number of employees | 1,727 | 1,718 | 2,134 | 1,936 | 2,071 | 2,758 | +33.2% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.
Download the figures as CSV · free with an account, amounts in whole DKK
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 12/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 11/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 18/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 01/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 08/08/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 24/06/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
19 companies in the databaseComparison with the other companies in manufacture of engines and turbines, except aircraft, vehicle and cycle engines based on the latest financial year.
Gross profitDKK 322.5mNo. 3 of 19
Better than 89% of the companies in the industry
EquityDKK 7.9bnNo. 1 of 19
Better than 100% of the companies in the industry
Number of employees3,368No. 2 of 19
Better than 94% of the companies in the industry
Industry median: gross profit DKK 6.6m, net profit DKK 820k, equity DKK 3.2m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 1,000 employees or more177 companies in the comparison | No. 123of 147 Better than 16% | No. 19of 177 Better than 90% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 176of 24,791 Better than 99% | No. 31of 24,909 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | No. 464of 17,786 Better than 97% | No. 73of 18,024 Better than 100% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Manufacture of engines and turbines, except aircraft, vehicle and cycle enginesGross profit
- Vestas Manufacturing A/SDKK 322.5m
- Vestas Northern Europe A/SDKK 548.5m
- Siemens Gamesa Renewable Energy A/SDKK 462.9m
Net profit
- Vestas Manufacturing A/SDKK 426.1m
- Vestas Northern Europe A/SDKK 85.4m
- Siemens Gamesa Renewable Energy A/S−DKK 1.2bn
Equity
- Vestas Manufacturing A/SDKK 7.9bn
- Vestas Northern Europe A/SDKK 1.1bn
- Siemens Gamesa Renewable Energy A/SDKK 5.9bn
Employees
- Vestas Manufacturing A/S3,368
- Vestas Northern Europe A/S1,097
- Siemens Gamesa Renewable Energy A/S6,204
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterVestas Manufacturing A/S
Management
7 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Felix Henseler | CEO | 22/10/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Lars Pryds Sørensen | Board member | 19/12/2013 |
| Henrik Andersen | Chair of the board | 01/08/2019 |
| Elisabeth Jensen | Board member | 01/03/2023 |
| Kurt Noesgaard | Deputy board member | 11/06/2024 |
| Annette Høi Butt Terndrup | Board member | 03/06/2025 |
| Belén Amaia Sanchéz Talavero | Board member | 02/09/2026 |
- Founders
- Vestas Wind Systems A/S
Former management (33)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Knud Andersen | Chair of the board | 29/06/2004 | 26/05/2005 |
| Svend Sigaard | Board member | 29/06/2004 | 02/05/2005 |
| Torben Bjerre-Madsen | Board member | 29/06/2004 | 27/09/2004 |
| Henrik Nørremark | Board member | 29/06/2004 | 10/02/2012 |
| Mogens Filtenborg | Board member | 29/06/2004 | 26/05/2005 |
| Jens Anders Jensen | Board member | 29/06/2004 | 26/05/2005 |
| Jan Pilgaard | Board member | 26/05/2005 | 10/02/2012 |
| Ditlev Helmer Engel | Chair of the board | 26/05/2005 | 13/09/2013 |
| Bjarke Knudsen | Deputy board member | 26/03/2008 | 27/06/2012 |
| Jan Vestergaard Vandborg | Board member | 26/03/2008 | 27/06/2012 |
| Brian Sølberg | Deputy board member | 26/03/2008 | 13/04/2012 |
| Carsten Heide Jørgensen | Board member | 26/03/2008 | 16/04/2012 |
| Flemming Obenhausen Andersen | Board member | 10/02/2012 | 14/03/2013 |
| Steen Møller | Board member | 10/02/2012 | 19/05/2023 |
| Søren Lomholt Husted | Director | 12/06/2012 | 04/09/2012 |
| Ole Preben Borup Jakobsen | Director | 12/06/2012 | 04/09/2012 |
| Hans Venø Pedersen | Deputy board member | 26/06/2012 | 01/03/2023 |
| Elisabeth Jensen | Board member | 26/06/2012 | 02/06/2020 |
| Henning Boye Christensen | Board member | 26/06/2012 | 19/12/2013 |
| Jean-Marc Denis Lechene | CEO | 04/09/2012 | 04/02/2020 |
| Henrik Nørgaard Brandt | Board member | 14/03/2013 | 09/06/2017 |
| Anders Erik Runevad | Chair of the board | 13/09/2013 | 01/08/2019 |
| Inga Malin Samuelsson | Board member | 09/06/2017 | 01/08/2018 |
| Helle Marie Bay | Board member | 01/08/2018 | 16/01/2020 |
| Kerstin Mariella Knapp | Board member | 16/01/2020 | 31/08/2023 |
| Tommy Rahbek Nielsen | CEO | 04/02/2020 | 04/06/2024 |
| Brian Tøfting | Board member | 02/06/2020 | 28/02/2023 |
| Lykke Viborg Willadsen | Deputy board member | 01/03/2023 | 11/06/2024 |
| Thomas Gunner Arendt | Board member | 19/05/2023 | 03/06/2025 |
| Anna Maria Eleonora Belfrage | Board member | 31/08/2023 | 01/02/2024 |
| Anne Pearce | Board member | 01/02/2024 | 17/06/2026 |
| Anders Olof Nielsen | CEO | 04/06/2024 | 22/10/2025 |
| Lise Andersen Linnebjerg | Board member | 17/06/2026 | 02/09/2026 |
Signing rule: Selskabet tegnes af bestyrelsesformanden og et bestyrelsesmedlem i forening, en direktør og et bestyrelsesmedlem i forening eller af den samlede bestyrelse.
Address and production units
21 active production unitsHedeager 42
8200 Aarhus N
Aarhus Municipality · Postcode 8200
Other companies at the address (3)
- Vestas Wind Systems A/SResearch and experimental development on natural sciences and engineering
- Vestas Northern Europe A/SManufacture of engines and turbines, except aircraft, vehicle and cycle engines
- Vestas Development A/SInvestment on own account
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Vestas Manufacturing A/S | Vingevej 1, 4900 Nakskov | 1,092 | 1027741939 |
| Vestas Manufacturing A/S | Lindø Nordvej 8, 5330 Munkebo | 660 | 1027580161 |
| Vestas Manufacturing A/S | Hedeager 42, 8200 Aarhus N | 356 | 1017684813 |
| Vestas Manufacturing A/S | E F Jacobsens Vej 3, 6950 Ringkøbing | 259 | 1017684740 |
| Vestas Manufacturing A/S | Smed Hansens Vej 15, 6940 Lem St | 26 | 1018553666 |
| Vestas Manufacturing A/S | Smed Hansens Vej 25, 6940 Lem St | 25 | 1015873333 |
| Vestas Manufacturing A/S | Nylandsvej 35, 6940 Lem St | 15 | 1017684198 |
| Vestas Manufacturing A/S | E F Jacobsens Vej 7, 6950 Ringkøbing | 7 | 1017750425 |
| Vestas Manufacturing A/S | Smed Sørensens Vej 3A, 6950 Ringkøbing | 4 | 1017684279 |
| Vestas Manufacturing A/S | Fabriksvej 13, 6980 Tim | 3 | 1017684775 |
| Vestas Manufacturing A/S | Svejservejen 7, 5330 Munkebo | 3 | 1028229719 |
| Vestas Manufacturing A/S | Dusager 10, 8200 Aarhus N | 2 | 1027580242 |
| Vestas Manufacturing A/S | Lindø Østvej 3, 5330 Munkebo | 2 | 1027741904 |
| Vestas Manufacturing A/S | Smed Sørensens Vej 3, 6950 Ringkøbing | 1 | 1017684864 |
| Vestas Manufacturing A/S | Herningvej 5-7, Videbæk Øst, 6920 Videbæk | 1 | 1010927680 |
Showing 15 of 21 units (sorted by employees).
Purpose
Selskabets formål er at drive virksomhed inden for handel og industri og anden i forbindelse hermed stående virksomhed
The purpose is quoted from the register in Danish.
Changes year by year
88 registered events12015
02016
22017
22018
22019
62020
12021
12022
92023
72024
62025
52026
20265 changesmanagement 4 · accounts 1
- ManagementBelén Amaia Sanchéz Talavero appointed board member
- ManagementLise Andersen Linnebjerg stepped down as board member
- ManagementLise Andersen Linnebjerg appointed board member
- ManagementAnne Pearce stepped down as board member
- AccountsAnnual report for 2025 published
20256 changesmanagement 4 · accounts 1 · industry 1
- ManagementFelix Henseler appointed ceo
- ManagementAnders Olof Nielsen stepped down as ceo
- AccountsAnnual report for 2024 published
- ManagementAnnette Høi Butt Terndrup appointed board member
- ManagementThomas Gunner Arendt stepped down as board member
- IndustryIndustry changed to Manufacture of engines and turbines, except aircraft, vehicle and cycle engines (281100)
20247 changesaccounts 1 · management 6
- AccountsAnnual report for 2023 published
- ManagementKurt Noesgaard appointed deputy board member
- ManagementLykke Viborg Willadsen stepped down as deputy board member
- ManagementAnders Olof Nielsen appointed ceo
- ManagementTommy Rahbek Nielsen stepped down as ceo
- ManagementAnne Pearce appointed board member
- ManagementAnna Maria Eleonora Belfrage stepped down as board member
20239 changesmanagement 8 · accounts 1
- ManagementAnna Maria Eleonora Belfrage appointed board member
- ManagementKerstin Mariella Knapp stepped down as board member
- AccountsAnnual report for 2022 published
- ManagementThomas Gunner Arendt appointed board member
- ManagementSteen Møller stepped down as board member
- ManagementLykke Viborg Willadsen appointed deputy board member
- ManagementElisabeth Jensen appointed board member
- ManagementHans Venø Pedersen stepped down as deputy board member
- ManagementBrian Tøfting stepped down as board member
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20206 changesmanagement 6
- ManagementBrian Tøfting appointed board member
- ManagementElisabeth Jensen stepped down as board member
- ManagementTommy Rahbek Nielsen appointed ceo
- ManagementJean-Marc Denis Lechene stepped down as ceo
- ManagementKerstin Mariella Knapp appointed board member
- ManagementHelle Marie Bay stepped down as board member
20192 changesmanagement 2
- ManagementHenrik Andersen appointed chair of the board
- ManagementAnders Erik Runevad stepped down as chair of the board
20182 changesmanagement 2
- ManagementHelle Marie Bay appointed board member
- ManagementInga Malin Samuelsson stepped down as board member
20172 changesmanagement 2
- ManagementInga Malin Samuelsson appointed board member
- ManagementHenrik Nørgaard Brandt stepped down as board member
20151 changeaddress 1
- AddressMoved to Hedeager 42, 8200 Aarhus N
20136 changesmanagement 6
- ManagementLars Pryds Sørensen appointed board member
- ManagementHenning Boye Christensen stepped down as board member
- ManagementAnders Erik Runevad appointed chair of the board
- ManagementDitlev Helmer Engel stepped down as chair of the board
- ManagementHenrik Nørgaard Brandt appointed board member
- ManagementFlemming Obenhausen Andersen stepped down as board member
201220 changesmanagement 16 · name 1 · capital 1 · ownership 1 · merger 1
- ManagementJean-Marc Denis Lechene appointed ceo
- ManagementSøren Lomholt Husted stepped down as director
- ManagementOle Preben Borup Jakobsen stepped down as director
- ManagementJan Vestergaard Vandborg stepped down as board member
- ManagementBjarke Knudsen stepped down as deputy board member
- ManagementHenning Boye Christensen appointed board member
- ManagementElisabeth Jensen appointed board member
- ManagementHans Venø Pedersen appointed deputy board member
- ManagementSøren Lomholt Husted appointed director
- ManagementOle Preben Borup Jakobsen appointed director
- NameName changed from VESTAS BLADES A/S to VESTAS MANUFACTURING A/S
- CapitalShare capital changed from 91,000,000 DKK to 100,000,000 DKK
- OwnershipVESTAS WIND SYSTEMS A/S registered as owner (100%)
- MergerMerger registered in CVR
- ManagementCarsten Heide Jørgensen stepped down as board member
- ManagementBrian Sølberg stepped down as deputy board member
- ManagementSteen Møller appointed board member
- ManagementFlemming Obenhausen Andersen appointed board member
- ManagementJan Pilgaard stepped down as board member
- ManagementHenrik Nørremark stepped down as board member
20111 changeaddress 1
- AddressMoved to Hedeager 44, 8200 Aarhus N
20084 changesmanagement 4
- ManagementJan Vestergaard Vandborg appointed board member
- ManagementCarsten Heide Jørgensen appointed board member
- ManagementBrian Sølberg appointed deputy board member
- ManagementBjarke Knudsen appointed deputy board member
20071 changeaddress 1
- AddressMoved to Alsvej 21, 8940 Randers SV
20056 changesmanagement 6
- ManagementDitlev Helmer Engel appointed chair of the board
- ManagementJan Pilgaard appointed board member
- ManagementJens Anders Jensen stepped down as board member
- ManagementMogens Filtenborg stepped down as board member
- ManagementKnud Andersen stepped down as chair of the board
- ManagementSvend Sigaard stepped down as board member
20048 changesmanagement 7 · founded 1
- ManagementTorben Bjerre-Madsen stepped down as board member
- FoundedRegistered as VESTAS BLADES A/S
- ManagementSvend Sigaard appointed board member
- ManagementJens Anders Jensen appointed board member
- ManagementMogens Filtenborg appointed board member
- ManagementHenrik Nørremark appointed board member
- ManagementTorben Bjerre-Madsen appointed board member
- ManagementKnud Andersen appointed chair of the board
Related companies
Same people in management
- Vestas Wind Systems A/Svia Anders Erik Runevad
- Kemp & Lauritzen A/Svia Mogens Filtenborg
- H. Lundbeck A/Svia Henrik Andersen
- TDC Net A/Svia Henrik Nørgaard Brandt
- VELUX A/Svia Jean-Marc Denis Lechene
- Vestas Northern Europe A/Svia Anders Erik Runevad
Largest in the industry
- Vestas Northern Europe A/SDKK 548.5m
- Siemens Gamesa Renewable Energy A/SDKK 462.9m
- Vest-fiber ApSDKK 73.3m
- Heco International A/SDKK 43.1m
- Bukh A/SDKK 11.8m
- Skagen Blade Technology ApSDKK 11.1m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.