Construction in focus during the second quarter
1 April–30 June 2024
- Net sales amounted to 54 (1,742) MSEK.
- EBIT amounted to -26 (517) MSEK. Profit before tax amounted to -45 (503) MSEK.
- Net profit amounted to -50 (422) MSEK.
- Earnings per share, before and after dilution equaled -1.99 (16.97) SEK.
- At the end of the period, Eolus had 967 (817) MW under asset management.
1 January–30 June 2024
- Net sales amounted to 98 (2,019) MSEK.
- EBIT amounted to -55 (506) MSEK. Profit before tax amounted to -74 (491) MSEK.
- Net profit amounted to -82 (407) MSEK
- Earnings per share, before and after dilution equaled -3.29 (16.36) SEK.
- At the end of the period Eolus had 967 (817) MW under asset management.
Significant events during the period
- Eolus submitted a permit application to the government for the 2.2 GW offshore wind power project Skidbladner north of Gotska Sandön in Sweden.
- Magnus Axelsson, Chief Operating Officer and deputy CEO, and Heléne Sebrén, Head of HR, decided to leave Eolus as of 30 June and 30 September 2024, respectively.
- Christer Baden Hansen, formerly Chief Commercial Officer, was appointed Chief Operating Officer and deputy CEO of Eolus with effect from 1 July 2024.
Significant events after the balance sheet date
- Eolus appointed Åsa Lamm as Chief People & Culture Officer taking office on 16 September 2024.
Financial Summary
| MSEK |
Unit |
Q2 2024 |
Q2 2023 |
6 months 2024 |
6 months 2023 |
Rolling 12
Jul–Jun |
Full year 2023 |
| Net sales |
MSEK |
54 |
1,742 |
98 |
2,019 |
381 |
2,301 |
| EBIT |
MSEK |
-26 |
517 |
-55 |
506 |
203 |
764 |
| Profit before tax |
MSEK |
-45 |
503 |
-74 |
491 |
154 |
719 |
| Net profit |
MSEK |
-50 |
422 |
-82 |
407 |
83 |
573 |
| Earnings per share before and after dilution |
SEK |
-1.99 |
16.97 |
-3.29 |
16.36 |
3.35 |
23.00 |
|
|
|
|
|
|
|
|
| Equity per share |
SEK |
57.00 |
55.86 |
57.00 |
55.86 |
57.00 |
60.63 |
| Cashflow from operating activities |
MSEK |
-517 |
860 |
-498 |
624 |
-1,273 |
-152 |
| Total assets |
MSEK |
3,397 |
2,496 |
3,397 |
2,496 |
3,397 |
2,808 |
| Net debt -/net cash+ |
MSEK |
-417 |
888 |
-417 |
888 |
-417 |
120 |
|
|
|
|
|
|
|
|
| Order backlog |
MSEK |
662 |
845 |
662 |
845 |
662 |
665 |
| Project under construction |
MW |
456 |
514 |
456 |
514 |
456 |
368 |
| Taken into operation and handed over to customer |
MW |
0 |
0 |
0 |
400 |
125 |
525 |
| Project portfolio |
MW |
28,386 |
25,446 |
28,386 |
25,446 |
28,386 |
26,836 |
| Managed turbines |
MW |
967 |
817 |
967 |
817 |
967 |
941 |
|
|
|
|
|
|
|
|
| Equity/assets ratio |
% |
44 |
58 |
44 |
58 |
44 |
56 |
| Return on equity after tax |
% |
6 |
37 |
6 |
37 |
6 |
46 |
Presentation of the report
At 10:00 today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone conference.
In connection with the presentation, it will be possible to ask questions through the teleconference or in written form through the webcast. The presentation will be held in English.
Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q2-report-2024
Via the webcast you can ask written questions.
Teleconference:
If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=50048261
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.
Eolus Vind AB (publ) has published its Annual and Sustainability Report for 2023.
The report is available on the company’s website www.eolus.com/en/investors/financial-reports/ (in Swedish).
English version of the Annual and Sustainability Report will be published no later than week 16, 2024.
Record strong results after project sales and progress in the US
1 April–30 June 2023
- Net sales amounted to 1,742 (1,448) MSEK.
- EBIT amounted to 517 (220) MSEK. Profit before tax amounted to 503 (221) MSEK.
- Net profit amounted to 422 (225) MSEK.
- Earnings per share, before and after dilution equaled 16.97 (4.12) SEK.
- At the end of the period Eolus had 817 (912) MW under asset management.
1 January–30 June 2023
- Net sales amounted to 2,019 (1,880) MSEK.
- EBIT amounted to 506 (62) MSEK. Profit before tax amounted to 491 (62) MSEK.
- Net profit amounted to 407 (87) MSEK.
- Earnings per share, before and after dilution equaled 16.36 (-1.43) SEK.
- At the end of the period Eolus had 817 (912) MW under asset management.
Significant events during the period
- Eolus sold the wind power projects Skallberget/Utterberget, Tjärnäs and Rosenskog comprising 125 MW to BKW.
- Eolus received a significant payment as a result of achieving an important milestone in the solar and battery storage project in Arizona, US, which was sold in October 2022.
- Eolus signed a cooperation agreement with Finnish landowner Finsilva for development of five wind power projects with a potential for more than 600 MW in total.
- The Gothenburg Port Authority decided to acquire five percent of Eolus’s Västvind offshore project outside Gothenburg.
Significant events after the balance sheet date
- Eolus made an investment decision for the 100 MW battery storage project Pome in US and signed an agreement regarding supply of a battery energy storage system.
- Eolus filed a permit application for the 1,000 MW Västvind wind power project, located west of Gothenburg.
- Michiel Messing, Head of Construction, stepped down from Eolus’s Group Management as of 21 July since he will leave Eolus in October.
- Eolus initiated a strategic review of its offshore wind power business with the intention to create the best conditions for permitting and realization of the projects.
- Tiina Partanen took office as new Country Manager in Finland on 10 August.
Financial summary
| |
Unit |
Q2 2023 |
Q2 2022 |
6 months 2023 |
6 months 2022 |
Rolling 12
Jul-Jun |
Full year 2022 |
| Net sales |
MSEK |
1 742 |
1 448 |
2 019 |
1 880 |
2 496 |
2 356 |
| EBIT |
MSEK |
517 |
220 |
506 |
62 |
525 |
80 |
| Profit before tax |
MSEK |
503 |
221 |
491 |
62 |
538 |
109 |
| Net profit |
MSEK |
422 |
225 |
407 |
87 |
437 |
116 |
| Earnings per share before and after dilution |
SEK |
16,97 |
4,12 |
16,36 |
-1,43 |
17,57 |
-0,22 |
|
|
|
|
|
|
|
|
| Equity per share |
SEK |
55,86 |
37,85 |
55,86 |
37,85 |
55,86 |
39,49 |
| Cashflow from operating activities |
MSEK |
860 |
315 |
624 |
152 |
280 |
-191 |
| Total assets |
MSEK |
2 496 |
1 844 |
2 496 |
1 844 |
2 496 |
1 919 |
| Net debt – /net cash + |
MSEK |
870 |
598 |
870 |
598 |
870 |
258 |
|
|
|
|
|
|
|
|
| Order backlog |
MSEK |
845 |
699 |
845 |
699 |
845 |
1 329 |
| Project under construction |
MW |
514 |
786 |
514 |
786 |
514 |
794 |
| Taken into operation and handed over to customer |
MW |
0 |
0 |
400 |
0 |
400 |
0 |
| Project portfolio |
MW |
25 446 |
17 428 |
25 446 |
17 428 |
25 446 |
21 880 |
| Managed turbines |
MW |
817 |
912 |
817 |
912 |
817 |
882 |
|
|
|
|
|
|
|
|
| Equity/assets ratio |
% |
58 |
54 |
58 |
54 |
58 |
54 |
| Return on equity after tax |
% |
37 |
neg |
37 |
neg |
37 |
12 |
|
|
|
|
|
|
|
|
Presentation of the report
At 10:00 (CEST) today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone conference.
Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q2-2023
Via the webcast you can ask written questions.
Teleconference:
If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=200944
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.
Eolus Vind AB (publ) has published its Annual and Sustainability Report for 2022. The report is available on the company’s website www.eolusvind.com/en/investors/financial-statements/ (in Swedish).
The English version of the Annual and Sustainability Report will be published during week 16, 2023.
For further information, please contact:
Per Witalisson, CEO, +46 (0)702 65 16 15
Catharina Persson, CFO, +46 +46 (0)709 32 97 77
Karin Wittsell Heydl, Head of Communications & Sustainability, +46 (0)761 16 71 99
This information is of such a kind that Eolus Vind AB (publ) is legally required to disclose pursuant to the Swedish Securities Markets Act. The information was submitted for publication through the agency of the contact persons set out above on 24 March 2023, at 08:30 a.m. CET.
ABOUT EOLUS
Eolus is one of the leading developers of renewable energy in the Nordics and we are active in the whole value chain from development of green field projects to construction and operation of renewable projects. We offer attractive and competitive investments in the Nordic and Baltic countries, Poland and the United States. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1 414 MW. Eolus has signed contracts for 1,550 MW of asset management services of which 882 MW are in operation.
Eolus’ Class B share is traded on Nasdaq Stockholm Mid Cap. For further information, please visit www.eolusvind.com.
Hässleholm August 30, 2022
1 April–30 June 2022
- Net sales amounted to 1 448 (673) MSEK.
- EBIT amounted to 220 (8) MSEK. Profit before tax amounted to 221 (-4) MSEK.
- Net profit amounted to 225 (-2) MSEK, of which 103 MSEK is attributable to Eolus’s shareholders after reduction of the minority stakeholders’ part.
- Earnings per share, before and after dilution equaled 4.12 (-0.06) SEK.
- During the period, energy facilities with a total installed capacity of 0 (47) MW were taken into operations and handed over to customer.
- At the end of the period Eolus had 912 (921) MW under asset management.
1 January–30 June 2022
- Net sales amounted to 1 880 (915) MSEK.
- EBIT amounted to 62 (-21) MSEK. Profit before tax amounted to 62 (-25) MSEK.
- Net profit amounted to 87 (-18) MSEK, of which -36 MSEK is attributable to Eolus’s shareholders after reduction of the minority stakeholders’ part.
- Earnings per share, before and after dilution equaled -1.43 (-0.74) SEK.
- During the period, energy facilities with a total installed capacity of 0 (47) MW were taken into operations and handed over to customer.
- At the end of the period Eolus had 912 (921) MW under asset management.
Significant events during the period
- On April 15, Eolus and Hydro REIN signed an agreement with MEAG for the sale of 75% in the wind power project Stor-Skälsjön in Sweden. On June 14, MEAG took possession of 75% of the shares in the project company
- Further delay of the Öyfjellet project was communicated.
- Eolus signed an agreement with DalaVind to expand its participating interest in the Fageråsen wind power project In Sweden to 49%.
Significant events after the balance sheet date
- Eolus secured funding of SEK 1,500 million by signing credit facilites with Swedbank totaling SEK 1,200 million and increasing its credit agreement with the Swedish Export Credit Corporation to SEK 300 million.
- From September 1, Eolus will expand Group Management with Michiel Messing, Head of Delivery & Construction, and Heléne Sebrén, Head of HR. On the same day, Magnus Axelsson takes office as new COO and member of Group Management.
| Financial summary |
|
Q2 |
Q2 |
6 months |
6 months |
Rolling 12 |
Full year |
| |
Unit |
2022 |
2021 |
2022 |
2021 |
jul-jun |
2021 |
| Net sales |
MSEK |
1 448 |
673 |
1 880 |
915 |
3 579 |
2 614 |
| EBIT |
MSEK |
220 |
8 |
62 |
-21 |
58 |
-25 |
| Profit before tax |
MSEK |
221 |
-4 |
62 |
-25 |
48 |
-40 |
| Net profit |
MSEK |
225 |
-2 |
87 |
-18 |
82 |
-24 |
| Earnings per share before and after dilution |
SEK |
4,12 |
-0,06 |
-1,43 |
-0,74 |
-1,44 |
-0,74 |
| |
|
|
|
|
|
|
|
| Equity per share |
SEK |
37,87 |
39,14 |
37,87 |
39,14 |
37,87 |
39,50 |
| Cashflow from operating activities |
MSEK |
315 |
367 |
152 |
316 |
-261 |
-97 |
| Total assets |
MSEK |
1 844 |
1 805 |
1 844 |
1 805 |
1 844 |
1 885 |
| Net debt – /net cash + |
MSEK |
598 |
563 |
598 |
563 |
598 |
439 |
| |
|
|
|
|
|
|
|
| Order backlog |
MSEK |
699 |
4 359 |
699 |
4 359 |
699 |
1 793 |
| Project under construction |
MW |
786 |
477 |
786 |
477 |
786 |
737 |
| Taken into operation and handed over to customer |
MW |
0 |
47 |
0 |
47 |
0 |
47 |
| Project portfolio |
MW |
17 428 |
9 000 |
17 428 |
9 000 |
17 428 |
13 823 |
| Managed turbines |
MW |
912 |
921 |
912 |
921 |
912 |
914 |
| |
|
|
|
|
|
|
|
| Equity/assets ratio |
% |
54 |
54 |
54 |
54 |
54 |
67 |
| Return on equity after tax |
% |
neg |
3,7 |
neg |
3,7 |
neg |
neg |
Presentation of the report
At 10:00 today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone coneference.
Link to webcast:
https://tv.streamfabriken.com/eolus-q2-2022
Conference call:
From Sweden: +46 8 505 58 358
From United Kingdom: +44 3333 009 267
From the United States: +1 646 722 4903
This information is of such a kind that Eolus Vind AB (publ) is legally required to disclose pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the agency of Head of Communications and Sustainability Karin Wittsell Heydl on August 30, 2022, at 8:30 a.m. CEST.
For further information, contact:
Per Witalisson, CEO, +46 (0)70-265 16 15
Catharina Persson, CFO, +46 (0)70-932 97 77
Karin Wittsell Heydl, Head of Communications and Sustainability, +46 (0)76-116 71 99
About Eolus:
Since the company’s inception thirty years ago, Eolus has grown to become one of the leading developers of renewable energy in the Nordic region. Today, we develop, establish, and manage renewable energy projects in onshore and offshore wind power, solar power and energy storage. Eolus offers attractive and competitive investment opportunities in the Nordic region, the US, Poland and the. With our competent and dedicated staff, we are taking the company forward at a rapid pace and driving the transition to renewable electricity generation. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1,414 MW. Eolus has signed contracts for about 1,580 MW of asset management services of which 912 MW are in operation.
Eolus’s Class B share is traded on Nasdaq Stockholm Mid Cap. www.eolusvind.com
Hässleholm, Sweden, March 25th, 2022
Eolus Vind AB (publ) is hereby making the annual report for the fiscal year January 1, 2021 – December 31, 2021 public.
The annual report is now available for downloading at www.eolusvind.com (in Swedish only).
The annual report will be translated into English and made available on www.eolusvind.com.
For further information contact:
Per Witalisson, CEO, +46 70 265 16 15
Catharina Persson, CFO, +46 70 932 97 77
Johan Hammarqvist, Head of Communications, +46 720 50 59 11
The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on March 25th, 2022, at 8.30 AM CET.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries, Poland as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1 414 MW. Eolus has signed contracts for about 1 320 MW of asset management services of which 914 MW are in operation and the rest under construction.
Eolus Vind AB has 34 500 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, August 31st, 2021
3 Months April 2021 – June 2021
- Net sales 673.1 (409.9) MSEK.
- EBIT 8.2 (64.2) MSEK. Profit before tax -4.3 /16.2) MSEK. Net profit -1.5 (22.9) MSEK.
- Earnings per share, before and after dilution equals -0.06 (0.92) SEK.
- During the period 13 (0) wind turbines were taken into operations with a total installed capacity of 13 (0) MW.
- During the period the equivalent of 13 (1) wind turbines with an installed capacity of 47 (1) MW was handed over to customers.
- At the end of the period Eolus had 921 (687) MW under asset management.
- In May Eolus completed and handed over the repowering project Wind Wall 1 in Tehachapi, California, USA, to Cubico Sustainable Investments. The wind farm is covered by a Power Purchase Agreement (PPA) with Amazon Web Services and has an installed capacity of 47 MW. Eolus will provide asset management services for the wind farm.
- In June Eolus signed an agreement with RWE to acquire two fully permitted wind power projects in Sweden. The projects located in SE3 totals 99 MW and Eolus has initiated the sales process with the ambition to sign an agreement with an investor during the autumn of 2021.
- In June Eolus together with Hydro REIN signed an agreement to acquire the fully permitted wind power project Stor-Skälsjön from Enercon. The project, located in SE2, totals up to 260 MW and is covered by a 12-year Power Purchase Agreement (PPA) with Hydro. The sales process to sell a majority of the shares has been initiated and planned commissioning is during 2023.
6 Months January 2021 – June 2021
- Net sales 914.6 (549.9) MSEK.
- EBIT -21.2 (-58.0) MSEK. Profit before tax -25.4 (-65.2) MSEK. Net profit -18.3 (-40.9) MSEK.
- Earnings per share, before and after dilution equals -0.74 (-1.64) SEK.
- During the four months period 13 (0) wind turbines were taken into operations with a total installed capacity of 47 (0) MW.
- During the four months period the equivalent of 13 (2) wind turbines with an installed capacity of 13 (2) MW was handed over to customers.
- At the end of the period Eolus had 921 (687) MW under asset management.
- Eolus financial year has changed from September 1st – August 31st to January 1st – December 31st. During the financial year that ended December 31st 2020 the presented periods where based on a prolonged financial year starting September 1st 2019. During 2021 the comparative figures will be presented for quarters corresponding to the period in year 2020. It means that comparative periods during 2021 will correspond to interim periods that have not been presented before.
| Financial summary |
Interim |
Interim |
6 month |
6 month |
Rolling 12 |
Full year |
| |
Apr 2021 |
Apr 2020 |
Jan 2021 |
Jan 2020 |
Apr 2020 |
Sep 2019 |
| |
-Jun 2021 |
-Jun 2020 |
-Jun 2021 |
-Jun 2020 |
-Jun 2021 |
-Dec 2020 |
| Net sales, MSEK |
673,1 |
409,9 |
914,6 |
549,9 |
2 367,5 |
2 468,6 |
| EBIT, MSEK |
8,2 |
64,2 |
-21,2 |
-58,0 |
105,8 |
280,0 |
| Profit before tax, MSEK |
-4,3 |
16,2 |
-25,4 |
-65,2 |
41,5 |
182,6 |
| Changes in market valuation of financial derivatives, MSEK |
5,2 |
17,7 |
-17,7 |
16,2 |
4,9 |
69,6 |
| Net profit, MSEK |
-1,5 |
22,9 |
-18,3 |
-40,9 |
35,9 |
198,3 |
| Earnings per share before and after dilution, SEK |
-0,06 |
0,92 |
-0,74 |
-1,64 |
1,44 |
7,96 |
| |
|
|
|
|
|
|
| Equity per share, SEK |
39,14 |
39,66 |
39,14 |
39,66 |
39,14 |
41,63 |
| Cashflow from operating activities, MSEK |
367,1 |
83,5 |
315,8 |
-232,6 |
295,5 |
-483,7 |
| Total assets, MSEK |
1 804,6 |
1 939,3 |
1 804,6 |
1 939,3 |
1 804,6 |
1 808,2 |
| Net debt – /net cash +, MSEK |
562,6 |
275,6 |
562,6 |
275,6 |
562,6 |
304,2 |
| Signed customer contracts, MSEK |
4 359,4 |
4 751,6 |
4 359,4 |
4 751,6 |
4 359,4 |
5 130,9 |
| |
|
|
|
|
|
|
| No of turbines taken into operation, amount |
13,0 |
0,0 |
13,0 |
0,0 |
51,0 |
81,0 |
| No of turbines handed over to customers, amount |
13,0 |
1,0 |
13,0 |
2,0 |
51,0 |
83,0 |
| Turbines taken into operation, MW |
46,8 |
0,0 |
46,8 |
0,0 |
207,1 |
323,7 |
| Turbines handed over to customers, MW |
46,8 |
0,8 |
46,8 |
1,6 |
207,1 |
325,3 |
| Managed turbines, MW |
921 |
687 |
921 |
687 |
921 |
903 |
| |
|
|
|
|
|
|
| Equity/assets ratio, % |
54,0 |
50,9 |
54,0 |
50,9 |
54,0 |
57,3 |
| Return on equity after tax, % |
3,7 |
24,2 |
3,7 |
24,2 |
3,7 |
20,6** |
| **return on equity after tax is calculated for 16 months earnings relative to avarage equity. |
|
|
|
|
For further information contact:
Per Witalisson, CEO, +46 70-265 16 15
Catharina Persson, CFO, +46 70-932 97 77
Johan Hammarqvist, Head of Communications, +46 720 50 59 11
The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on August 31st, 2021, at 8.30 AM CET.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries, Poland as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1 414 MW. Eolus has signed contracts for about 1 400 MW of asset management services of which 921 MW are in operation and the rest under construction.
Eolus Vind AB has 40 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, April 23, 2020
3 Months December 2019 – February 2020
- Net sales 259.4 (370.2) MSEK.
- EBIT 53.0 (25.9) MSEK. Profit before tax 57.7(31.2) MSEK. Net profit 75.7 (38.7) MSEK.
- Earnings per share, before and after dilution equals 3.04 (1.55) SEK.
- During the three month period 0 (3) wind turbines were taken into operations with a total installed capacity of 0 (10.8) MW.
- During the three month period the equivalent of 1 (3) wind turbines with an installed capacity of 0.8 (10.8) MW was handed over to customers.
- At the end of the period Eolus had 687 (421) MW under asset management.
- In December 2019, Aquila Capital acquired all shares in Øyfjellet Wind AS, that holds the rights to establish wind farm Øyfjellet with a capacity of 400 MW. Eolus will handle the construction management of the wind farm on behalf of the customer.
Significant events after the balance sheet date
- In March 2020 the project company Øyfjellet Wind AS, which Eolus has a construction management agreement with, signed a turbine supply agreement with Nordex regarding 72 wind turbines of the model N149 with a total installed capacity of 400 MW. A 20-year Premium Service contract with options for extension has also been signed.
| Financial summary |
Interim |
Interim |
6 month |
6 month |
Full year |
| Dec 2019 |
Dec 2018 |
Sep 2019 |
Sep 2018 |
Sep 2018 |
| |
-Feb 2020 |
-Feb 2019 |
-Feb 2020 |
-Feb 2019 |
-Aug 2019 |
| Net sales, MSEK |
259,4 |
370,2 |
553,7 |
477,9 |
2 031,9 |
| EBIT, MSEK |
53,0 |
25,9 |
105,3 |
35,5 |
118,3 |
| Profit before tax, MSEK |
57,7 |
31,2 |
95,2 |
33,3 |
116,0 |
| Changes in market valuation of financial derivatives, MSEK |
-6,1 |
-24,8 |
20,0 |
-21,2 |
-24,9 |
| Net profit, MSEK |
75,7 |
38,7 |
117,8 |
39,7 |
132,8 |
| Earnings per share before and after dilution, SEK |
3,04 |
1,55 |
4,73 |
1,59 |
5,33 |
| Equity per share, SEK |
38,78 |
31,96 |
38,78 |
31,96 |
35,65 |
| Cashflow from operating activities, MSEK |
-148,4 |
277,5 |
-400,0 |
-25,7 |
566,6 |
| Total assets, MSEK |
1 868,6 |
1 708,5 |
1 868,6 |
1 708,5 |
2 057,8 |
| Net debt – /net cash +, MSEK |
355,1 |
209,6 |
355,1 |
209,6 |
800,1 |
| Signed customer contracts, MSEK |
5 116,6 |
3 116,8 |
5 116,6 |
3 116,8 |
1 348,9 |
| No of turbines taken into operation, amount |
0,0 |
3,0 |
43,0 |
3,0 |
31,0 |
| No of turbines handed over to customers, amount |
1,0 |
3,0 |
44,0 |
4,0 |
34,0 |
| Turbines taken into operation, MW |
0,0 |
10,8 |
163,4 |
10,8 |
115,2 |
| Turbines handed over to customers, MW |
0,8 |
10,8 |
164,2 |
12,8 |
120,0 |
| Managed turbines, MW |
687 |
421 |
687 |
421 |
524 |
| Equity/assets ratio, % |
51,6 |
46,7 |
51,6 |
46,7 |
43,2 |
| Return on equity after tax, % |
23,9 |
26,1 |
23,9 |
26,1 |
15,6 |
For further information contact:
Per Witalisson, CEO, +46 70 265 16 15
Catharina Persson, CFO, +46 70 932 97 77
Johan Hammarqvist, head of communications, +46 720 50 59 11
The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on April 23, 2020, at 8.30 AM CET.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 615 wind turbines with a capacity over 1 200 MW. Eolus has signed contracts for about 1 250 MW of asset management services of which some 690 MW is in operation.
Eolus Vind AB has about 21 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, November 29th, 2019
Eolus Vind AB (publ) is hereby making the annual report for the fiscal year September 1, 2018 – August 31, 2019 public.
The annual report is now available for downloading at www.eolusvind.com (in Swedish only).
The AGM will be held in Hässleholm Saturday January 25, 2020 at 3 PM CET. In conjunction with the AGM Eolus according to tradition will arrange a wind power and environmental seminar.
The annual report will be translated into English and made available on www.eolusvind.com.
For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Catharina Persson, CFO, +46 10 199 88 17
Johan Hammarqvist, head of communications, +46 10 199 88 10
This information is information that Eolus Vind AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 9.45 AM CET on November 29, 2019.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed more than 570 wind turbines of the approximately 3 600 wind turbines operating in Sweden. Eolus has signed contracts for over 800 MW of asset management services of which 525 MW is in operation.
Eolus Vind AB has about 16 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, April 25, 2019
3 Months December 2018 – February 2019
- Net sales 370.2 (139.4) MSEK.
- EBIT 25.9 (30.0) MSEK. Profit before tax 31.2 (27.8) MSEK. Net profit 38.7 (35.9) MSEK.
- Earnings per share, before and after dilution equals 1.55 (1.44) SEK.
- During the three month period 3 (2) wind turbines were taken into operations with a total installed capacity of 10.8 (4.4) MW.
- During the three month period the equivalent of 3.0 (3.1) wind turbines with an installed capacity of 10.8 (6.8) MW was handed over to customers.
- At the end of the period Eolus had 421 (350) MW under asset management.
- Electricity production from wind farms owned was 3.1 (9.3) GWh with an average revenue of 632 (437) SEK/MWh.
- In January 2019, wind farm Anneberg (11 MW) in Tidaholm municipality was completed and handed over to KGAL. Anneberg is the first wind farm in Sweden commissioning Vestas V136 wind turbines.
| Financial summery |
Q2 |
Q2 |
Q1-Q2 |
Q1-Q2 |
Full year |
| Dec 2018 |
Dec 2017 |
Sep 2018 |
Sep 2017 |
Sep 2017 |
| |
-Feb 2019 |
-Feb 2018 |
-Feb 2019 |
-Feb 2018 |
-Aug 2018 |
| Net sales, MSEK |
370,2 |
139,4 |
477,9 |
157,5 |
1 366,0 |
| EBIT, MSEK |
25,9 |
30,0 |
35,5 |
33,0 |
202,4 |
| Profit before tax, MSEK |
31,2 |
27,8 |
33,3 |
37,6 |
198,9 |
| Changes in market valuation of financial derivatives, MSEK |
-24,8 |
-5,9 |
-21,2 |
4,5 |
2,5 |
| Net profit, MSEK |
38,7 |
35,9 |
39,7 |
43,3 |
194,3 |
| Earnings per share before and after före dilution, SEK |
1,6 |
1,44 |
1,6 |
1,74 |
7,81 |
| Equity per share, SEK |
32,0 |
26,64 |
32,0 |
26,64 |
32,68 |
| Cashflow from operating activities, MSEK |
277,5 |
-201,4 |
-25,7 |
-288,9 |
241,7 |
| Total assets, MSEK |
1 708,5 |
1 095,7 |
1 708,5 |
1 095,7 |
1 895,0 |
| Net debt – /net cash +, MSEK |
209,6 |
-159,1 |
209,6 |
-159,1 |
371,1 |
| Signed customer contracts, MSEK |
3 116,8 |
3 885,0 |
3 116,8 |
3 885,0 |
2 887,5 |
| No of turbines taken into operation, amount |
3,0 |
2,0 |
3,0 |
2,0 |
25,0 |
| No of turbines handed over to customers, amount |
3,0 |
3,1 |
4,0 |
3,4 |
30,8 |
| Turbines taken into operation, MW |
10,8 |
4,4 |
10,8 |
4,4 |
83,8 |
| Turbines handed over to customers, MW |
10,8 |
6,8 |
12,8 |
7,5 |
93,3 |
| Managed turbines, MW |
421 |
350 |
421 |
350 |
415 |
| Electricity generation, GWh |
3,1 |
9,3 |
7,0 |
18,9 |
30,2 |
| Equity/assets ratio, % |
46,7 |
60,7 |
46,7 |
60,7 |
43,1 |
| Return on equity after tax, % |
26,1 |
7,7 |
26,1 |
7,7 |
26,4 |
For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Catharina Persson, CFO, +46 10 199 88 17
Johan Hammarqvist, head of communications, +46 10 199 88 10
The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on April 25, 2019, at 8.30 AM CET.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed more than 540 wind turbines of the approximately 3 600 wind turbines operating in Sweden. Eolus operates more than 400 MW on behalf of customers.
Eolus Vind AB has about 11 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
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