Vestas Northern Europe A/S
Public limited companyCVR 28118171Aarhus NActive
Vestas Northern Europe 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 fell 75% from 2024 to 2025, ending at DKK 85.4m. Measured by gross profit, it ranks no. 1 of 19 companies in the industry in the database. Operations are spread over 22 production units in 16 towns.
Key figures · financial year 2025
RevenueDKK 7.1bn+169.7% vs. 2024
Net profitDKK 85.4m−75.1% vs. 2024
EquityDKK 1.1bn+8.8% vs. 2024
Employees1,097latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 122% (2024 → 2025), to DKK 548.5m.
- Revenue rose 170% (2024 → 2025), to DKK 7.1bn.
- Net profit fell 75% (2024 → 2025), to DKK 85.4m.
- Equity rose 9% (2024 → 2025), to DKK 1.1bn.
Employees
- 4 fewer employees than a year earlier: 1,097 (07/2026) against 1,101 (07/2025).
Management and owners, last 24 months
- New in management: Annette Høi Butt Terndrup (chair of the board, 02/07/2025), Carsten Fabricius Madsen (board member, 26/08/2025) and Søren Christian Brodersen (deputy board member, 26/08/2025) (+4).
- Stepped down: Torben Steen Andersen (board member, 26/08/2025), Cornelis Anthonius Matheus de Baar (board member, 23/09/2026) and Cornelis Anthonius Matheus de Baar (ceo, 23/09/2026) (+4).
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 | 1,677,863 | 2,412,195 | 2,812,981 | 1,997,026 | 2,643,824 | 7,130,591 | +169.7% |
| Gross profit | 57,507 | 133,000 | 232,739 | 273,568 | 246,615 | 548,510 | +122.4% |
| Operating profit (EBIT) | – | – | 107,753 | 111,315 | 149,137 | 116,228 | −22.1% |
| Profit before tax | – | 218,660 | 115,103 | 136,215 | 366,279 | 106,205 | −71% |
| Net profit | 14,586 | 207,564 | 91,668 | 113,313 | 343,475 | 85,373 | −75.1% |
| Total assets | 1,457,405 | 3,654,391 | 2,569,947 | 2,340,495 | 3,465,711 | 4,016,169 | +15.9% |
| Equity | 215,023 | 422,587 | 514,256 | 627,569 | 971,043 | 1,056,416 | +8.8% |
| Liabilities | 1,216,626 | 3,218,917 | 2,053,744 | 1,712,147 | 2,493,423 | 2,955,221 | +18.5% |
| Cash and cash equivalents | – | – | – | – | 45 | 0 | −100% |
| Average number of employees | 303 | 409 | 822 | 929 | 1,032 | 1,095 | +6.1% |
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
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 15/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 16/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 25/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 06/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 30/05/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 15/06/2021 | 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 548.5mNo. 1 of 19
Better than 100% of the companies in the industry
EquityDKK 1.1bnNo. 3 of 19
Better than 89% of the companies in the industry
Number of employees1,097No. 3 of 19
Better than 89% 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. 103of 147 Better than 30% | No. 79of 177 Better than 56% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 96of 24,791 Better than 100% | No. 206of 24,909 Better than 99% |
| All companies of type A/S18,025 companies in the comparison | No. 259of 17,786 Better than 99% | No. 404of 18,024 Better than 98% |
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 Northern Europe A/SDKK 548.5m
- Siemens Gamesa Renewable Energy A/SDKK 462.9m
- Vestas Manufacturing A/SDKK 322.5m
Net profit
- Vestas Northern Europe A/SDKK 85.4m
- Siemens Gamesa Renewable Energy A/S−DKK 1.2bn
- Vestas Manufacturing A/SDKK 426.1m
Equity
- Vestas Northern Europe A/SDKK 1.1bn
- Siemens Gamesa Renewable Energy A/SDKK 5.9bn
- Vestas Manufacturing A/SDKK 7.9bn
Employees
- Vestas Northern Europe A/S1,097
- Siemens Gamesa Renewable Energy A/S6,204
- Vestas Manufacturing A/S3,368
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterVestas Northern Europe A/S
Management
7 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Anna Mascolo | CEO | 23/09/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Brian Timmermann Hedegaard | Board member | 28/05/2020 |
| Annette Høi Butt Terndrup | Chair of the board | 02/07/2025 |
| Carsten Fabricius Madsen | Board member | 26/08/2025 |
| Søren Christian Brodersen | Deputy board member | 26/08/2025 |
| Belén Amaia Sanchéz Talavero | Board member | 02/09/2026 |
| Anna Mascolo | Board member | 23/09/2026 |
Former management (31)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Knud Andersen | Board member | 30/09/2004 | 26/05/2005 |
| Tom Krøjgaard Pedersen | CEO | 30/09/2004 | 08/01/2007 |
| Svend Sigaard | Board member | 30/09/2004 | 02/05/2005 |
| Henrik Nørremark | Board member | 30/09/2004 | 10/02/2012 |
| Mogens Filtenborg | Board member | 30/09/2004 | 26/05/2005 |
| Jens Anders Jensen | Chair of the board | 30/09/2004 | 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 |
| Klaus Steen Mortensen | Director | 08/01/2007 | 09/02/2018 |
| Claus Skov Christensen | Board member | 19/03/2009 | 27/05/2020 |
| Brian Dragsdal Isaksen | Board member | 19/03/2009 | 06/10/2014 |
| Flemming Obenhausen Andersen | Board member | 10/02/2012 | 17/12/2013 |
| Steen Møller | Board member | 10/02/2012 | 02/09/2014 |
| Steen Braad Sandbæk | Deputy board member | 08/06/2012 | 18/05/2016 |
| Anders Erik Runevad | Chair of the board | 13/09/2013 | 02/09/2014 |
| Klaus Steen Mortensen | Board member | 02/09/2014 | 09/02/2018 |
| Juan Araluce Martinez de Azagra | Chair of the board | 02/09/2014 | 01/08/2018 |
| Inga Malin Samuelsson | Board member | 02/09/2014 | 01/08/2018 |
| Gert Kargo Christensen | Board member | 06/10/2014 | 18/05/2016 |
| Torben Steen Andersen | Board member | 18/05/2016 | 26/08/2025 |
| Cornelis Anthonius Matheus de Baar | Board member | 09/02/2018 | 23/09/2026 |
| Cornelis Anthonius Matheus de Baar | CEO | 09/02/2018 | 23/09/2026 |
| Steen Møller | Chair of the board | 01/08/2018 | 16/05/2023 |
| Helle Marie Bay | Board member | 01/08/2018 | 16/01/2020 |
| Kerstin Mariella Knapp | Board member | 16/01/2020 | 30/08/2023 |
| Claus Skov Christensen | Deputy board member | 28/05/2020 | 21/05/2024 |
| Thomas Gunner Arendt | Chair of the board | 16/05/2023 | 02/07/2025 |
| Anna Maria Eleonora Belfrage | Board member | 30/08/2023 | 01/02/2024 |
| Anne Pearce | Board member | 01/02/2024 | 17/06/2026 |
| Carsten Fabricius Madsen | Deputy board member | 21/05/2024 | 25/08/2025 |
| 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, to direktører i forening eller af den samlede bestyrelse.
Address and production units
22 active production unitsHedeager 42
8200 Aarhus N
Aarhus Municipality · Postcode 8200
Other companies at the address (3)
- Vestas Manufacturing A/SManufacture of engines and turbines, except aircraft, vehicle and cycle engines
- Vestas Wind Systems A/SResearch and experimental development on natural sciences and engineering
- Vestas Development A/SInvestment on own account
| Production unit | Address | Employees | P number |
|---|---|---|---|
| VESTAS NORTHERN EUROPE A/S | Herningvej 5-7, Videbæk Øst, 6920 Videbæk | 449 | 1003623725 |
| VESTAS NORTHERN EUROPE A/S | Dusager 4, 8200 Aarhus N | 312 | 1027579767 |
| VESTAS NORTHERN EUROPE A/S | Dusager 10, 8200 Aarhus N | 192 | 1027579848 |
| Vestas Northern Europe A/S | Hedeager 42, 8200 Aarhus N | 25 | 1019967596 |
| VESTAS NORTHERN EUROPE A/S | Tampenkaj 1, 6700 Esbjerg | 19 | 1027579864 |
| VESTAS NORTHERN EUROPE A/S | Ørestads Boulevard 108, 12, 2300 København S | 16 | 1027579910 |
| VESTAS NORTHERN EUROPE A/S | Lindø Nordvej 8, 5330 Munkebo | 14 | 1027579791 |
| VESTAS NORTHERN EUROPE A/S | Vingevej 1, 4900 Nakskov | 1 | 1027579805 |
| Sloc Bredebro | Farverhusvej 14, 6261 Bredebro | – | 1028013872 |
| Sloc Brønderslev | Eventyrvej 25, 9700 Brønderslev | – | 1028693350 |
| Sloc Randers SV | Falstersvej 8, 8940 Randers SV | – | 1028014771 |
| Sloc Ringkøbing | Hjortmosevej 20, 6950 Ringkøbing | – | 1028014658 |
| Sloc Rønnede | Industrivej 28, 4683 Rønnede | – | 1028013708 |
| Sloc Skjern | Smedevej 3, 6900 Skjern | – | 1028014127 |
| Sloc Skjern - Transportvej | Transportvej 5, 6900 Skjern | – | 1028014119 |
Showing 15 of 22 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
87 registered events12015
32016
02017
82018
02019
52020
12021
12022
52023
52024
82025
92026
20269 changesmanagement 8 · accounts 1
- ManagementAnna Mascolo appointed ceo
- ManagementAnna Mascolo appointed board member
- ManagementCornelis Anthonius Matheus de Baar stepped down as ceo
- ManagementCornelis Anthonius Matheus de Baar stepped down as board member
- ManagementBelén Amaia Sanchéz Talavero appointed board member
- ManagementLise Andersen Linnebjerg stepped down as board member
- AccountsAnnual report for 2025 published
- ManagementLise Andersen Linnebjerg appointed board member
- ManagementAnne Pearce stepped down as board member
20258 changesmanagement 6 · accounts 1 · industry 1
- ManagementSøren Christian Brodersen appointed deputy board member
- ManagementCarsten Fabricius Madsen appointed board member
- ManagementTorben Steen Andersen stepped down as board member
- ManagementCarsten Fabricius Madsen stepped down as deputy board member
- AccountsAnnual report for 2024 published
- ManagementAnnette Høi Butt Terndrup appointed chair of the board
- ManagementThomas Gunner Arendt stepped down as chair of the board
- IndustryIndustry changed to Manufacture of engines and turbines, except aircraft, vehicle and cycle engines (281100)
20245 changesaccounts 1 · management 4
- AccountsAnnual report for 2023 published
- ManagementCarsten Fabricius Madsen appointed deputy board member
- ManagementClaus Skov Christensen stepped down as deputy board member
- ManagementAnne Pearce appointed board member
- ManagementAnna Maria Eleonora Belfrage stepped down as board member
20235 changesmanagement 4 · 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 chair of the board
- ManagementSteen Møller stepped down as chair of the board
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20205 changesmanagement 5
- ManagementClaus Skov Christensen appointed deputy board member
- ManagementBrian Timmermann Hedegaard appointed board member
- ManagementClaus Skov Christensen stepped down as board member
- ManagementKerstin Mariella Knapp appointed board member
- ManagementHelle Marie Bay stepped down as board member
20188 changesmanagement 8
- ManagementHelle Marie Bay appointed board member
- ManagementSteen Møller appointed chair of the board
- ManagementInga Malin Samuelsson stepped down as board member
- ManagementJuan Araluce Martinez de Azagra stepped down as chair of the board
- ManagementCornelis Anthonius Matheus de Baar appointed ceo
- ManagementCornelis Anthonius Matheus de Baar appointed board member
- ManagementKlaus Steen Mortensen stepped down as board member
- ManagementKlaus Steen Mortensen stepped down as director
20163 changesmanagement 3
- ManagementTorben Steen Andersen appointed board member
- ManagementGert Kargo Christensen stepped down as board member
- ManagementSteen Braad Sandbæk stepped down as deputy board member
20151 changeaddress 1
- AddressMoved to Hedeager 42, 8200 Aarhus N
20147 changesmanagement 7
- ManagementGert Kargo Christensen appointed board member
- ManagementBrian Dragsdal Isaksen stepped down as board member
- ManagementInga Malin Samuelsson appointed board member
- ManagementJuan Araluce Martinez de Azagra appointed chair of the board
- ManagementKlaus Steen Mortensen appointed board member
- ManagementAnders Erik Runevad stepped down as chair of the board
- ManagementSteen Møller stepped down as board member
20134 changesmanagement 3 · industry 1
- ManagementFlemming Obenhausen Andersen stepped down as board member
- ManagementAnders Erik Runevad appointed chair of the board
- ManagementDitlev Helmer Engel stepped down as chair of the board
- IndustryIndustry changed to Fremstilling af vindmøller og dele hertil (281110)
20125 changesmanagement 5
- ManagementSteen Braad Sandbæk appointed 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
20093 changesmanagement 2 · industry 1
- ManagementClaus Skov Christensen appointed board member
- ManagementBrian Dragsdal Isaksen appointed board member
- IndustryIndustry changed to Non-specialised wholesale trade (469000)
20082 changesownership 1 · capital 1
- OwnershipVESTAS WIND SYSTEMS A/S registered as owner (100%)
- CapitalShare capital changed from 75,000,000 DKK to 100,000,000 DKK
20074 changescapital 1 · management 2 · address 1
- CapitalShare capital changed from 14,000,000 DKK to 75,000,000 DKK
- ManagementKlaus Steen Mortensen appointed director
- ManagementTom Krøjgaard Pedersen stepped down as ceo
- AddressMoved to Alsvej 21, 8940 Randers SV
20057 changesmerger 1 · management 6
- MergerMerger registered in CVR
- ManagementDitlev Helmer Engel appointed chair of the board
- ManagementJan Pilgaard appointed board member
- ManagementJens Anders Jensen stepped down as chair of the board
- ManagementMogens Filtenborg stepped down as board member
- ManagementKnud Andersen stepped down as board member
- ManagementSvend Sigaard stepped down as board member
20048 changescapital 1 · founded 1 · management 6
- CapitalShare capital changed from 2,000,000 DKK to 14,000,000 DKK
- FoundedRegistered as VESTAS NORTHERN EUROPE A/S
- ManagementTom Krøjgaard Pedersen appointed ceo
- ManagementJens Anders Jensen appointed chair of the board
- ManagementMogens Filtenborg appointed board member
- ManagementHenrik Nørremark appointed board member
- ManagementSvend Sigaard appointed board member
- ManagementKnud Andersen appointed board member
Related companies
Same people in management
- Vestas Manufacturing A/Svia Anders Erik Runevad
- Vestas Wind Systems A/Svia Anders Erik Runevad
- Coor Service Management A/Svia Klaus Steen Mortensen
- Kemp & Lauritzen A/Svia Mogens Filtenborg
- TDC Net A/Svia Steen Møller
- NNE A/Svia Klaus Steen Mortensen
Largest in the industry
- Siemens Gamesa Renewable Energy A/SDKK 462.9m
- Vestas Manufacturing A/SDKK 322.5m
- 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.