Vestas Wind Systems A/S

Alsvej 21
8900 Randers, Denmark (Map)
Phone: +45-97-30-00-00
Fax: +45-97-30-00-01
Primary US Office:
Subscribers Only
http://www.vestas.com

Overview

Vestas believes that the answer to energy needs is "blowin' in the wind." Vestas Wind Systems and its subsidiaries annually manufacture and distribute well over 3,000 on-land and offshore wind turbines used to produce electricity; it offers installation, repair, and maintenance services, as well. Vestas has R&D centers in Denmark, India, Singapore, the UK, and the US. The company's first manufacturing site in the US will begin production in Colorado in 2010. Vestas is teamed up with Boeing on joint research projects. The company, which began manufacturing wind turbines in 1979, operates through a number of business units. The company gets more than half of its sales in Europe.

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Key Numbers from Hoover's UK

Key financials for Vestas Wind Systems A/S

Company Type Public (OMX Copenhagen: VWS)
Fiscal Year-End December
2008 Sales (mil.) £5,874.5
1-Year Sales Growth 18.9%
2008 Net Income (mil.) £497.4
1-Year Net Income Growth 68.2%
2008 Employees 20,829
1-Year Employee Growth 36.1%
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Key People from Hoover's UK

Key people and executives for Vestas Wind Systems A/S

Chairman Bent E. Carlsen
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President and CEO Ditlev Engel
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EVP and CFO; Acting President, Vestas Americas Henrik Nørremark
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Top competitors of Vestas Wind Systems A/S

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