Investment decision and construction start in three Swedish projects
1 January–31 March 2024
- Net sales amounted to 44 (277) MSEK.
- EBIT amounted to -29 (-12) MSEK. Profit before tax amounted to -29 (-12) MSEK.
- Net profit amounted to -32 (-15) MSEK.
- Earnings per share, before and after dilution equaled -1.30 (-0.61) SEK.
- At the end of the period Eolus had 939 (825) MW under asset management.
Significant events during the period
- Eolus made an investment decision for the wind power projects Fågelås, Boarp and Dållebo in Sweden totaling 88 MW. A turbine supply agreement was signed with Vestas and construction will start immediately.
- Eolus submitted a permit application for the 1,000 MW wind power project Blekinge Offshore off the coast of Blekinge.
- Eolus and Simply Blue Group agreed to transfer full ownership of the joint venture SeaSapphire, which develops floating offshore wind projects, to Eolus.
Significant events after the balance sheet date
- Magnus Axelsson, COO and deputy CEO, decided to leave Eolus as of June 30, 2024.
Financial Summary
| MSEK |
Unit |
Q1 2024 |
Q1 2023 |
12 months
Apr-Mar |
Full year 2023 |
| Net sales |
MSEK |
44 |
277 |
2,069 |
2,301 |
| EBIT |
MSEK |
-29 |
-12 |
747 |
764 |
| Profit before tax |
MSEK |
-29 |
-12 |
702 |
719 |
| Net profit |
MSEK |
-32 |
-15 |
556 |
573 |
| Earnings per share before and after dilution |
SEK |
-1.30 |
-0.61 |
22.31 |
23.00 |
|
|
|
|
|
|
| Equity per share |
SEK |
61.45 |
38.88 |
61.45 |
60.63 |
| Cashflow from operating activities |
MSEK |
20 |
-236 |
104 |
-152 |
| Total assets |
MSEK |
2,958 |
1,951 |
2,958 |
2,808 |
| Net debt -/net cash+ |
MSEK |
-112 |
55 |
-112 |
-118 |
|
|
|
|
|
|
| Order backlog |
MSEK |
662 |
1118 |
662 |
665 |
| Project under construction |
MW |
456 |
394 |
456 |
368 |
| Taken into operation and handed over to customer |
MW |
0 |
400 |
125 |
525 |
| Project portfolio |
MW |
28,095 |
24,477 |
28,095 |
26,836 |
| Managed turbines |
MW |
939 |
825 |
939 |
941 |
|
|
|
|
|
|
| Equity/assets ratio |
% |
54 |
53 |
54 |
56 |
| Return on equity after tax |
% |
44 |
13 |
44 |
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-q1-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=50048260
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.
Hässleholm, Sweden, 11 May 2023
1 January–31 March 2023
- Net sales amounted to 277 (432) MSEK.
- EBIT amounted to -12 (-158) MSEK. Profit before tax amounted to -12 (-159) MSEK.
- Net profit amounted to -15 (-138) MSEK.
- Earnings per share, before and after dilution equaled -0.61 (-5.55) SEK.
- During the period, energy facilities with a total installed capacity of 400 (0) MW were completed and handed over to customer.
- At the end of the period Eolus had 825 (914) MW under asset management.
Significant events during the period
- Øyfjellet wind farm in Norway was completed and taken over by Øyfjellet Wind AS.
- Eolus and PNE signed an agreement to co-develop the offshore wind project Kurzéme in Latvia through a joint venture.
Significant events after the balance sheet date
- The Gothenburg Port Authority decided to acquire five percent of Eolus’s Västvind offshore project.
- Eolus signed a cooperation agreement with Finnish land-owner Finsilva for development of five wind power projects with a potential for more than 600 MW in total.
FINANCIAL SUMMARY
| |
Unit |
Q1 2023 |
Q1 2022 |
Rolling 12 Apr-Mar |
Full year 2022 |
| Net sales |
MSEK |
277 |
432 |
2 201 |
2 356 |
| EBIT |
MSEK |
-12 |
-158 |
227 |
80 |
| Profit before tax |
MSEK |
-12 |
-159 |
256 |
109 |
| Net profit |
MSEK |
-15 |
-138 |
239 |
116 |
| Earnings per share before and after dilution |
SEK |
-0,61 |
-5,55 |
4,73 |
-0,22 |
| |
|
|
|
|
|
| Equity per share |
SEK |
38,88 |
34,16 |
38,88 |
39,49 |
| Cashflow from operating activities |
MSEK |
-236 |
-164 |
-264 |
-191 |
| Total assets |
MSEK |
1 951 |
2 021 |
1 951 |
1 919 |
| Net debt – /net cash + |
MSEK |
55 |
345 |
55 |
258 |
| |
|
|
|
|
|
| Order backlog |
MSEK |
1 118 |
1 195 |
1 118 |
1 329 |
| Project under construction |
MW |
394 |
786 |
394 |
794 |
| Taken into operation and handed over to customer |
MW |
400 |
0 |
400 |
0 |
| Project portfolio |
MW |
24 477 |
15 904 |
24 477 |
21 880 |
| Managed turbines |
MW |
825 |
914 |
825 |
882 |
| |
|
|
|
|
|
| Equity/assets ratio |
% |
53 |
60 |
53 |
54 |
| Return on equity after tax |
% |
12,9 |
neg |
12,9 |
11,8 |
| |
|
|
|
|
|
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.
Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q1-2023
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=200758
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.
For further information, please contact:
Per Witalisson, CEO, +46 (0)702 65 16 15
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 EU Market Abuse Regulation. The information was submitted for publication through the agency of Head of Communications and Sustainability Karin Wittsell Heydl on 11 May, 2023, at 08:30 CEST.
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 738 wind turbines with a capacity of 1,814 MW. Eolus has signed contracts for 1,150 MW of asset management services of which 825 MW are in operation.
Eolus’ Class B share is traded on Nasdaq Stockholm Mid Cap. For further information, please visit www.eolusvind.com.
1 January–31 March 2022
- Net sales amounted to 432 (242) MSEK.
- EBIT amounted to -158 (-29) MSEK. Profit before tax amounted to -159 (-21) MSEK.
- Net profit amounted to -138 (-17) MSEK.
- Earnings per share, before and after dilution equaled -5.55 (-0.67) SEK.
- During the period, energy facilities with a total installed capacity of 0 (0) MW were taken into operations and handed over to customer.
- At the end of the period Eolus had 914 (874) MW under asset management.
Significant events during the period
- Previously communicated delays for Öyfjellet have continued to affect the project and impaired the profitability forecast.
- Financial goals were communicated based on the business plan for 2022–2024.
- Eolus placed order for 16 wind turbines with Siemens Gamesa for the projects Skallberget/Utterberget and Tjärnäs in Sweden.
- Magnus Axelsson was recruited as new Chief Operating Officer.
- Karin Wittsell Heydl was recruited as Head of Communications, Sustainability and IT.
Significant events after the balance sheet date
- Eolus and Hydro REIN signed an agreement with MEAG regarding the sale of 75% of the shares in the wind power project Stor-Skälsjön in Sweden.
Dividend and Annual General Meeting
- Annual General Meeting will be held on Thursday May 19, 2022.
- The Board of Director proposes a dividend of SEK 1,50 (2,00).
| Financial summary |
|
Q1 |
Q1 |
Rolling 12 |
Full year |
| |
Unit |
2022 |
2021 |
apr-mar |
2021 |
| Net sales |
MSEK |
432 |
242 |
2 804 |
2 614 |
| EBIT |
MSEK |
-158 |
-29 |
-154 |
-25 |
| Profit before tax |
MSEK |
-159 |
-21 |
-178 |
-40 |
| Net profit |
MSEK |
-138 |
-17 |
-145 |
-24 |
| Earnings per share before and after dilution |
SEK |
-5,55 |
-0,67 |
-5,62 |
-0,74 |
| |
|
|
|
|
|
| Equity per share |
SEK |
34,16 |
41,30 |
34,16 |
39,54 |
| Cashflow from operating activities |
MSEK |
-164 |
-51 |
-209 |
-97 |
| Total assets |
MSEK |
2 021 |
1 856 |
2 021 |
1 885 |
| Net debt – /net cash + |
MSEK |
345 |
239 |
345 |
439 |
| |
|
|
|
|
|
| Order backlog |
MSEK |
1 195 |
5 000 |
1 195 |
1 793 |
| Project under construction |
MW |
786 |
524 |
786 |
737 |
| Taken into operation and handed over to customer |
MW |
0 |
0 |
47 |
47 |
| Project portfolio |
MW |
15 904 |
7 798 |
15 904 |
13 823 |
| Managed turbines |
MW |
914 |
874 |
914 |
914 |
| |
|
|
|
|
|
| Equity/assets ratio |
% |
60 |
55 |
60 |
67 |
| Return on equity after tax |
% |
neg |
6,1 |
neg |
neg |
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
This information is of such a kind that Eolus Vind AB (publ) is legally required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of Head of Communications and Sustainability Karin Wittsell Heydl on May 18, 2022, at 8:30 a.m. CEST.
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 Baltics. 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 1 322 MW of asset management services of which 914 MW are in operation.
Eolus shares are listed at Nasdaq Stockholm.
www.eolusvind.com
Hässleholm, Sweden, May 18th, 2021
3 Months January 2021 – March 2021
- Net sales 241.5 (140.0) MSEK.
- EBIT -29.4 (-122.2) MSEK. Profit before tax -21.1 (-81.4) MSEK. Net profit -16.8 (-63.8) MSEK.
- Earnings per share, before and after dilution equals -0.67 (-2.56) SEK.
- During the four months period 0 (0) wind turbines were taken into operations with a total installed capacity of 0 (0) MW.
- During the four months period the equivalent of 0 (1) wind turbines with an installed capacity of 0 (0.8) MW was handed over to customers.
- At the end of the period Eolus had 874 (687) MW under asset management.
- In January 2021 Eolus signed individual PPA:s with a major global energy company for the three wind farms Boarp, Dållebo and Rosenskog totaling 68 MW. The agreements cover 100 % of the produced electricity volume in the wind farms which are sold to Commerz Real.
- In March Eolus established operations in Poland, which is a fast growing market when it comes to renewable energy while also being one of the European countries most dependent on fossil-based electricity production. The entry to a new market is part of the strategy for growth determined by the company.
- In March Eolus signed an agreement with a customer for the delivery of a turn-key wind power facility in Timmele in Ulricehamn municipality in Sweden. The facility will comprise two Enercon E-138 with a total installed capacity of 8.4 MW.
- 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.
Dividend and Annual General Meeting
- The Annual General Meeting will be held on Wednesday May 19, 2021. The Board of Directors proposes a dividend of SEK 2.00 (1.50) per share.
| Financial summary |
Interim |
Interim |
Rolling 12 |
Full year |
| |
Jan 2021 |
Jan 2020 |
Apr 2020 |
Sep 2019 |
| |
-Mar 2021 |
-Mar 2020 |
-Mar 2021 |
-Dec 2020 |
| Net sales, MSEK |
241,5 |
140,0 |
2 104,3 |
2 468,6 |
| EBIT, MSEK |
-29,4 |
-122,2 |
161,8 |
280,0 |
| Profit before tax, MSEK |
-21,1 |
-81,4 |
61,9 |
182,6 |
| Changes in market valuation of financial derivatives, MSEK |
-22,9 |
-1,6 |
14,9 |
69,6 |
| Net profit, MSEK |
-16,8 |
-63,8 |
60,3 |
198,3 |
| Earnings per share before and after dilution, SEK |
-0,67 |
-2,56 |
2,42 |
7,96 |
| |
|
|
|
|
| Equity per share, SEK |
41,30 |
38,49 |
41,30 |
41,63 |
| Cashflow from operating activities, MSEK |
-51,3 |
-316,1 |
11,9 |
-483,7 |
| Total assets, MSEK |
1 856,3 |
2 010,0 |
1 856,3 |
1 808,2 |
| Net debt – /net cash +, MSEK |
238,6 |
212,1 |
238,6 |
304,2 |
| Signed customer contracts, MSEK |
4 999,9 |
5 116,6 |
4 999,9 |
5 130,9 |
| |
|
|
|
|
| No of turbines taken into operation, amount |
0,0 |
0,0 |
38,0 |
81,0 |
| No of turbines handed over to customers, amount |
0,0 |
1,0 |
39,0 |
83,0 |
| Turbines taken into operation, MW |
0,0 |
0,0 |
160,3 |
323,7 |
| Turbines handed over to customers, MW |
0,0 |
0,8 |
161,1 |
325,3 |
| Managed turbines, MW |
874 |
687 |
874 |
903 |
| |
|
|
|
|
| Equity/assets ratio, % |
55,4 |
47,7 |
55,4 |
57,3 |
| Return on equity after tax, % |
6,1 |
23,9 |
6,1 |
20,6** |
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 May 18, 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 653 wind turbines with a capacity of nearly 1 370 MW. Eolus has signed contracts for about 1 400 MW of asset management services of which 874 MW are in operation and the rest under construction.
Eolus Vind AB has 41 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, January 23rd, 2020
3 Months September 2019 – November 2019
- Net sales 294.4 (107.8) MSEK.
- EBIT 52.2 (9.7) MSEK. Profit before tax 37.5 (2.1) MSEK. Net profit 42.1 (1.0) MSEK.
- Earnings per share, before and after dilution equals 1.69 (0.04) SEK.
- During the three month period 43 (0) wind turbines were taken into operations with a total installed capacity of 163.4 (0) MW.
- During the three month period the equivalent of 43 (1.0) wind turbines with an installed capacity of 163.4 (2.0) MW was handed over to customers.
- At the end of the period Eolus had 687 (410) MW under asset management.
- In November 2019, wind farm Kråktorpet (163 MW) was completed and handed over to customer. Eolus will provide technical and administrative services for the wind farm.
Significant events after the balance sheet date
- 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.
Dividend and Annual General Meeting
- The Annual General Meeting will be held in Hässleholm, Sweden, Saturday January 25, 2020. The Board of Directors proposes a dividend of SEK 1.50 (1.50) per share.
Project portfolio
- The interim report contains updated information about Eolus project portfolio.
| |
|
|
|
| Financial summary |
Q1 |
Q1 |
Full year |
| Sep 2019 |
Sep 2018 |
Sep 2018 |
| |
-Nov 2019 |
-Nov 2018 |
-Aug 2019 |
| Net sales, MSEK |
294,4 |
107,8 |
2 031,9 |
| EBIT, MSEK |
52,2 |
9,7 |
118,3 |
| Profit before tax, MSEK |
37,5 |
2,1 |
116,0 |
| Changes in market valuation of financial derivatives, MSEK |
26,1 |
3,6 |
-24,9 |
| Net profit, MSEK |
42,1 |
1,0 |
132,8 |
| Earnings per share before and after dilution, SEK |
1,69 |
0,04 |
5,33 |
| Equity per share, SEK |
37,35 |
31,90 |
35,65 |
| Cashflow from operating activities, MSEK |
-251,5 |
-303,2 |
566,6 |
| Total assets, MSEK |
1 841,0 |
1 541,5 |
2 057,8 |
| Net debt – /net cash +, MSEK |
542,9 |
-30,7 |
800,1 |
| Signed customer contracts, MSEK |
5 302,6 |
4 418,3 |
1 348,9 |
| No of turbines taken into operation, amount |
43,0 |
0,0 |
31,0 |
| No of turbines handed over to customers, amount |
43,0 |
1,0 |
34,0 |
| Turbines taken into operation, MW |
163,4 |
0,0 |
115,2 |
| Turbines handed over to customers, MW |
163,4 |
2,0 |
120,0 |
| Managed turbines, MW |
687 |
410 |
524 |
| Equity/assets ratio, % |
50,6 |
51,7 |
43,2 |
| Return on equity after tax, % |
20,2 |
25,7 |
15,6 |
| |
|
|
|
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 January 23rd, 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 17 000 shareholders. Eolus shares are listed at Nasdaq Stockholm Mid Cap.
For more information about Eolus, please visit www.eolusvind.com
Hässleholm, Sweden, January 24, 2019
3 Months September 2018 – November 2018
- Net sales 107.8 (18.1) MSEK.
- EBIT 9.7 (3.0) MSEK. Profit before tax 2.1 (9.8) MSEK. Net profit 1.0 (7.4) MSEK.
- Earnings per share, before and after dilution equals 0.04 (0.30) SEK.
- During the three month period 0 (0) wind turbines were taken into operations with a total installed capacity of 0 (0) MW.
- During the three month period the equivalent of 1.0 (0.4) wind turbines with an installed capacity of 2.0 (0.8) MW was handed over to customers.
- At the end of the period Eolus had 410 (346) MW under asset management.
- Electricity production from wind farms owned was 3.8 (9.5) GWh with an average revenue of 610 (428) SEK/MWh.
- In September Eolus wholly owned subsidiary Eolus North America, Inc, acquired a solar plus storage project under development in western U:S. with a planned capacity of 500 MW solar and 250 MW storage.
- In September Eolus signed an agreement with Siemens Gamesa for the delivery of seven wind turbines of the model SWT-DD-130 with a capacity of 4.3 MW each to the Norwegian project Stigafjellet.
- In September Eolus signed a four-year credit agreement with Swedbank comprising liquidity and construction facilities totaling 1 050 MSEK.
- In October Eolus signed an agreement with KGAL regarding the sale of wind farm Bäckhammar (130 MW) for a preliminary purchase price of EUR 131 million. In a corresponding move Eolus placed an order for 31 wind turbines with Vestas. The wind farm is expected to be commissioned in August 2020.
Significant events after the balance sheet date
- 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.
Dividend and Annual General Meeting
- The Annual General Meeting will be held in Hässleholm, Sweden, Saturday January 26, 2019. The Board of Directors proposes a dividend of SEK 1.50 (1.50) per share.
| Financial summery |
Q1 |
Q1 |
Full year |
| Sep 2018 |
Sep 2017 |
Sep 2017 |
| |
-Nov 2018 |
-Nov 2017 |
-Aug 2018 |
| Net sales, MSEK |
107,8 |
18,1 |
1 366,0 |
| EBIT, MSEK |
9,7 |
3,0 |
202,4 |
| Profit before tax, MSEK |
2,1 |
9,8 |
198,9 |
| Changes in market valuation of financial derivatives, MSEK |
3,6 |
10,4 |
2,5 |
| Net profit, MSEK |
1,0 |
7,4 |
194,3 |
| Earnings per share before and after före dilution, SEK |
0,0 |
0,30 |
7,81 |
| Equity per share, SEK |
31,9 |
26,70 |
32,68 |
| Cashflow from operating activities, MSEK |
-303,2 |
-87,5 |
241,7 |
| Total assets, MSEK |
1 541,5 |
891,2 |
1 895,0 |
| Net debt – /net cash +, MSEK |
-30,7 |
79,4 |
371,1 |
| Signed customer contracts, MSEK |
4 418,3 |
1 057,4 |
2 887,5 |
| No of turbines taken into operation, amount |
0,0 |
0,0 |
25,0 |
| No of turbines handed over to customers, amount |
1,0 |
0,4 |
30,8 |
| Turbines taken into operation, MW |
0,0 |
0,0 |
83,8 |
| Turbines handed over to customers, MW |
2,0 |
0,8 |
93,3 |
| Managed turbines, MW |
410 |
346 |
415 |
| Electricity generation, GWh |
3,8 |
9,5 |
30,2 |
| Equity/assets ratio, % |
51,7 |
74,8 |
43,1 |
| Return on equity after tax, % |
25,7 |
5,4 |
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 January 24, 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 3 400 wind turbines operating in Sweden. Eolus operates more than 400 MW on behalf of customers.
Eolus Vind AB has about 9 300 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
Attachment
Eolus Vind AB
Interim report (Q1 and Q3)
Eolus Vind AB interim report September 1 2017 – November 30 2017
Hässleholm, Sweden, 2018-01-25 08:30 CET (GLOBE NEWSWIRE) --
3 Months September 2017 – November 2017
- Net sales 18.1 (86.4) MSEK.
- EBIT 3.0 (-11.7) MSEK. Profit before tax 9.8 (-5.4) MSEK. Net profit 7.4
(-4.4) MSEK.
- Earnings per share, before and after dilution equals 0.30 (-0.16) SEK.
- During the three month period 0 (1) wind turbines were taken into operation
with a total installed capacity of 0.0 (3.3) MW.
- During the three month period the equivalent of 0.4 (2.8) wind turbines with
an installed effect of 0.8 (7.0) MW was handed over to customers.
- Electricity production from wind farms owned was 9.5 (22.1) GWh with an
average revenue of 428 (445) SEK/MWh.
Significant events after the balance sheet date
- In December, Eolus signed an agreement with KGAL regarding the sale of 47 MW
wind power for a preliminary purchase price of EUR 57.7 million. Wind farm
Sötterfällan (36.0 MW) is expected to be delivered turnkey in the summer of
2019 and wind farm Anneberg (10.8 MW) in December 2018. Eolus will provide
asset management services for the wind farms.
- In December, Eolus signed an agreement with Aquila Capital regarding the sale
of 232 MW wind power for a preliminary purchase price of EUR 264 million. Eolus
will construct the wind farms Kråktorpet comprising 43 turbines with a capacity
of 163.4 MW and Nylandsbergen comprising 18 turbines with a capacity of 68.4
MW. Both wind farms will be commissioned during the second half of 2019. Eolus
will provide asset management services for the wind farms.
- In December Eolus signed an agreement with Vestas for the delivery of 74 wind
turbines of the model V136 totaling 279 MW to the wind farms Kråktorpet,
Nylandsbergen, Sötterfällan and Anneberg. All four wind farms have full service
agreements for 15-20 years from commissioning.
- In January Eolus signed a balance of plant contract with Veidekke for
construction of the wind farms Kråktorpet and Nylandsbergen as well as an
agreement with E.ON Elnät regarding grid connection of the wind farms.
Dividend and Annual General Meeting
- The Annual General Meeting will be held in Hässleholm, Sweden, Saturday
January 27, 2018. The Board of Directors proposes a dividend of SEK 1.50 (1.50)
per share.
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Financial summery Q1 Q1 Full
Year
Sep 2017 Sep 2016 Sep 2016
-Nov -Nov -Aug
2017 2016 2017
--------------------------------------------------------------------------------
Net sales, MSEK 18,1 86,4 1 065,7
EBIT, MSEK 3,0 -11,7 40,2
Profit before tax, MSEK 9,8 -5,4 34,2
Changes in market valuation of financial 10,4 2,4 3,7
derivatives, MSEK
Net profit, MSEK 7,4 -4,4 24,5
Earnings per share before and after före dilution, 0,3 -0,16 1,02
SEK
Equity per share, SEK 26,7 26,77 26,41
Cashflow from operating activities, MSEK -87,5 -88,7 91,0
Total assets, MSEK 891,2 1 136,4 900,8
Net debt - /net cash +, MSEK 79,4 50,6 167,6
Signed customer contracts, MSEK 1 057,4 589,7 1 061,0
No of turbines taken into operation, amount - 1,0 25,0
No of turbines handed over to customers, amount 0,4 2,8 36,8
Turbines taken into operation, MW - 3,3 72,2
Turbines handed over to customers, MW 0,8 7,0 92,8
Electricity generation, GWh 9,5 22,1 58,6
Equity/assets ratio, % 74,8 58,7 73,2
Return on equity after tax, % 4,5 neg 3,7
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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 January 25, 2018, at
8.30 AM CET.
About Eolus:
Eolus Vind AB is one of the leading wind power developers in Sweden. 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 to both local and
international investors. Founded in 1990, Eolus has constructed more than 500
wind turbines of the approximately 3 400 wind turbines operating in Sweden.
Eolus operates approximately 350 MW for customers and the company itself. The
Eolus Group currently owns an installed capacity of 17 MW and a yearly
electricity production of 37 GWh.
Eolus Vind AB has approximately 6 600 shareholders. Eolus shares are listed at
Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
