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Strong quarter concludes record year 2023 – higher dividend proposed

1 October–31 December 2023

  • Net sales amounted to 155 (366) MSEK.
  • EBIT amounted to 99 (27) MSEK. Profit before tax amounted to 94 (58) MSEK.
  • Net profit amounted to 71 (41) MSEK.
  • Earnings per share, before and after dilution equaled 2.85 (1.66) SEK.
  • At the end of the period Eolus had 941 (882) MW under asset management.

1 January–31 December 2023

  • Net sales amounted to 2,301 (2,356) MSEK.
  • EBIT amounted to 764 (80) MSEK. Profit before tax amounted to 719 (109) MSEK.
  • Net profit amounted till 573 (116) MSEK.
  • Earnings per share, before and after dilution equaled 23.00 (-0.22) SEK.
  • At the end of the period Eolus had 941 (882) MW under asset management.
  • The Board of Directors proposes a dividend of 2.25 (1.50) SEK per share which is an increase of 50 percent compared to previous year.

Significant events during the period

  • Eolus has completed and handed over the Swedish onshore wind projects Skallberget/Utterberget, Tjärnäs and Rosenskog to the owner BKW. The projects comprise 19 wind turbines with a total installed capacity of 125 MW.
  • Eolus acquired YIT Energy Oy, the renewable energy division of Finland’s largest development and construction company YIT. The acquisition includes 2.3 GW renewable energy projects and 16 employees.
  • Eolus filed a permit application to the government for the offshore wind project Arkona comprising 1,400 MW off Sweden’s southern coast.
  • Eolus filed a permit application to the Land and Environment Court and the government for the 1,000–1,700 MW offshore wind project Najaderna outside Tierp municipality in Uppsala County.
  • Eolus signed a letter of intent with Volvo Cars on collaboration around the Västvind offshore wind project.
  • An arbitration award in a case regarding the Kråktorpet and Nylandsbergen wind projects outside Sundsvall was announced.

Financial Summary

Unit Q4 2023 Q4 2022 12 months 2023 12 months 2022
Net sales MSEK 155 366 2,301 2,356
EBIT MSEK 99 27 764 80
Profit before tax MSEK 94 58 719 109
Net profit MSEK 71 41 573 116
Earnings per share before and after dilution SEK 2.85 1.66 23.00 -0.22
       
Equity per share SEK 60.63 39.47 60.63 39.47
Cashflow from operating activities MSEK -407 -139 -152 -191
Total assets MSEK 2,808 1,919 2,808 1,919
Net debt – /net cash + MSEK -118 258 -118 258
       
Order backlog MSEK 665 1,329 665 1,329
Project under construction MW 368 794 368 794
Taken into operation and handed over to customer MW 125 – 525 –
Project portfolio MW 26,836 21,880 26,836 21,880
Managed turbines MW 941 882 941 882
       
Equity/assets ratio % 56 54 56 54
Return on equity after tax % 46 neg 46 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 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-q4-2023
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=5002670
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, +46 702 65 16 15, per.witalisson@eolusvind.com
Karin Wittsell Heydl, Head of Communications & Sustainability, +46 761 16 71 99, karin.heydl@eolusvind.com

ABOUT EOLUS
Eolus is a leading developer of innovative and customized renewable energy solutions. We offer attractive and sustainable investments in the Nordics, the Baltics, Poland and the USA. From development of green field projects to construction and operation of renewable energy assets, we are part of the entire value chain. For over three decades we have worked for a future where everyone can lead a fulfilling, yet sustainable life. Today, our project portfolio includes more than 26 GW wind, solar and energy storage projects. Eolus – shaping the future of renewable energy.

Eolus’s Class B share is listed on Nasdaq Stockholm. www.eolusvind.com

This information is information that Eolus Vind is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-15 07:45 CET.

Attachments
Eolus Extract Of Year End Report 2023

Eolus Extract Of Year End Report 2023

Hässleholm 16 February 2023

 1 October–31 December 2022

  • Net sales amounted to 366 (1,009) MSEK.
  • EBIT amounted to 27 (-4) MSEK. Profit before tax amounted to 58 (-9) MSEK.
  • Net profit amounted to 41 (-7) MSEK.
  • Earnings per share, before and after dilution equaled 1.66 (-0.20) 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 882 (914) MW under asset management.

1 January–31 December 2022

  • Net sales amounted to 2,356 (2,614) MSEK.
  • EBIT amounted to 80 (-25) MSEK. Profit before tax amounted to 109 (-40) MSEK.
  • Net profit amounted to 116 (-24) MSEK, of which -5 MSEK is attributable to Eolus’s shareholders after reduction of the minority stakeholders’ part.
  • Earnings per share, before and after dilution equaled -0.22 (-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 882 (914) MW under asset management.
  • The Board of Directors proposes a dividend of 1.50 (1.50) SEK/share

Significant events during the period  

  • In October, Eolus sold a solar and battery storage project located in Arizona, US, which is expected to have an initial aggregate capacity of 750 MWac solar photovoltaic generation and battery storage capacity. Commissioning is planned for 2025. Eolus has received an initial payment of USD 12 million.
  • Inga Abolina was appointed Head of Baltics and took office on 24 October 2022.
  • Christer Baden Hansen was appointed Chief Commercial Officer and member of the Group Management.
    Christer took office on 1 February 2023.
  • Eolus and Simply Blue Group signed an agreement to co-develop four offshore wind projects in the Baltic Sea through a joint venture called SeaSapphire, powered by Simply Blue Group and Eolus.
  • Research permits were granted for the two offshore wind farms Wellamo and Tuulia in Finland.

Significant events after the balance sheet date  

  • Eolus and PNE signed an agreement to co-develop the offshore wind project Kurzéme in Latvia through a joint venture.

  

Financial summary   Q4 Q4 12 months 12 months
  Unit 2022 2021 2022 2021
Net sales MSEK 366 1 009 2 356 2 614
EBIT MSEK 27 -4 80 -25
Profit before tax MSEK 58 -9 109 -40
Net profit MSEK 41 -7 116 -24
Earnings per share before and after dilution SEK 1,66 -0,20 -0,22 -0,74
           
Equity per share SEK 39,47 39,50 39,47 39,50
Cashflow from operating activities MSEK -139 -381 -191 -97
Total assets MSEK 1 919 1 885 1 919 1 885
Net debt – /net cash + MSEK 258 439 258 439
           
Order backlog MSEK 1 329 1 793 1 329 1 793
Project under construction MW 794 737 794 737
Taken into operation and handed over to customer MW 0 0 0 47
Project portfolio MW 21 880 13 823 21 880 13 823
Managed turbines MW 882 914 882 914
           
Equity/assets ratio % 54 67 54 67
Return on equity after tax % neg neg 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 conference.

Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q4-2022
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=5009601
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
Catharina Persson, CFO. +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 EU Market Abuse Regulation. The information was submitted for publication through the agency of Head of Communications and Sustainability Karin Wittsell Heydl on 16 February 2023, at 08:30 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.

Attachments

Eolus extract of Year-end report 2022

Eolus extract of Year-end report 2022
Nylandsbergen2

Hässleholm, Sweden, February 18th, 2022

1 October 2021 – 31 December 2021

  • Net sales 1,009 (1,069) MSEK.
  • EBIT -4 (70) MSEK. Profit before tax -9 (24) MSEK.
  • Net profit -7 (16) MSEK.
  • Earnings per share, before and after dilution equals -0.20 (0.63) 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 (903) MW under asset management.

Full year 2021

  • Net sales 2,614 (2,469) MSEK.
  • EBIT -25 (280) MSEK. Profit before tax -40 (183) MSEK.
  • Net profit -24 (198) MSEK.
  • Earnings per share, before and after dilution equals -0.74 (7.96) SEK.
  • During the period energy facilities with a total installed capacity of 47 (324) MW were taken into operations and handed over to customer.
  • At the end of the period Eolus had 914 (903) MW under asset management.
  • For the financial year 2021 the Board of directors proposes a dividend of 1.50 (2.00) SEK per share, which corresponds to an unchanged level considering that the previous year comprised 16 months.

Significant events during the period

  • Due to permitting issues an agreement regarding construction of 68 MW was terminated by the customer in October. The PPA for the involved projects was moved to new projects and increased to 117 MW.
  • 50% of a project portfolio of 672 MW in early development phase in Southern Sweden was sold to Hydro REIN. Initial payment was received in January 2022. The companies will jointly develop the projects.
  • Turbine supply agreement for 42 wind turbines with an installed capacity of 260 MW was signed for project Stor-Skälsjön.
  • The 120 MW battery storage project Cald in Los Angeles was sold to Aypa. Eolus will provide development services for the customer.

Significant events after the balance sheet date

  • Eolus COO, Marcus Landelin, will leave Eolus in April. Recruitment for his replacement Is ongoing.
  • The completion of the Norwegian wind power project Öyfjellet is expected to be further delayed and is expected to be completed during the second quarter of 2022.
  • Updated financial goals communicated based on the business plan for 2022-2024.

Dividend, Annual Report and Annual General Meeting

  • The Annual Report will be published during week 12 of 2022. The Annual General Meeting will be held on May 19th, 2022. The Board of Directors will propose a dividend of 1.50 (2.00) SEK.

 

Financial summary   Q4 Q4 12 months 16 months
  Unit 2021 2020 2021 sep 19-dec 20
Net sales MSEK 1 009 1 069 2 614 2 469
EBIT MSEK -4 70 -25 280
Profit before tax MSEK -9 24 -40 183
Net profit MSEK -7 16 -24 198
Earnings per share before and after dilution SEK -0,20 0,63 -0,74 7,96
           
Equity per share SEK 39,50 41,63 39,50 41,63
Cashflow from operating activities MSEK -381 -108 -97 -484
Total assets MSEK 1 885 1 808 1 885 1 808
Net debt – /net cash + MSEK 439 304 439 304
           
Signed customer contracts MSEK 1 793 5 131 1 793 5 131
Project under construction MW 737 524 737 524
Taken into operation and handed over to customer MW 0 0 47 324
Project portfolio MW 13 823 7 830 13 823 7 830
Asset management MW 914 903 914 903
           
Equity/assets ratio % 67 57 67 57
Return on equity after tax % neg 2,3 neg 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 February 18th, 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

 

Attachments

Eolus Extract of Year End report 2021

Eolus Extract of Year End report 2021

Hässleholm, Sweden, October 21st, 2020

3 Months June 2020 – August 2020

  • Net sales 456.9 (1033.7) MSEK.
  • EBIT 76.8 (72.0) MSEK. Profit before tax 37.6 (72.6) MSEK. Net profit 32.8 (81.0) MSEK.
  • Earnings per share, before and after dilution equals 1.32 (3.25) SEK.
  • During the three month period 38 (28) wind turbines were taken into operations with a total installed capacity of 160.3 (104.4) MW.
  • During the three month period the equivalent of 39 (29) wind turbines with an installed capacity of 161.1 (105.2) MW was handed over to customers.
  • At the end of the period Eolus had 903 (524) MW under asset management.
  • In July Eolus signed a cooperation agreement with SCA regarding development of wind power projects. The goal is to reach around 1 000 MW of projects for realization in Sweden, Estonia and Latvia.
  • In July Eolus signed an agreement to acquire seven wind power projects in early development phase from Vindkraft Värmland. Together the projects can facilitate up to approximately 450 MW.
  • On August 27th, an Extraordinary General Meeting was held that decided to change the company’s financial year to run from January 1st to December 31st. The current financial year is extended to cover a period of 16 months, September 1st, 2019 to December 31st, 2020.
  • In August wind farm Bäckhammar (130 MW) was completed and handed over to KGAL who has signed a PPA with Amazon Web Services. Bäckhammar is the first wind farm outside North America to be commissioned with a PPA with Amazon Web Services. Eolus will deliver technical and administrative services for the wind farm.
  • In August wind farm Stigafjellet (30 MW) was completed and handed over to ewz. The wind farm is the first Eolus completes in Norway and Eolus will deliver technical and administrative services for the wind farm.

Significant events after the balance sheet date

  • In September Eolus signed an agreement with Commerz Real regarding the sale of the wind farms Boarp (24 MW), Dållebo (26 MW) and Rosenskog (18 MW) totaling 68 MW for a preliminary purchase price of EUR 82.5 million. An agreement have been signed with Siemens Gamesa Renewables for delivery of 7 Siemens Gamesa SG 5.8-170 wind turbines and 4 Siemens Gamesa SG 5.8-155 wind turbines to the wind farms which are expected to be completed in the autumn of 2023. Eolus will deliver technical and administrative services for the wind farms.
  • In October Eolus signed an agreement with Cubico Sustainable Investments regarding the sale of the turn key wind farm Wind Wall 1 (46.5 MW) located near Tehachapi in California, USA. Construction is ongoing and Wind Wall 1 is expected to be completed during the autumn of 2020.

Financial summary Interim Interim 12 months 12 months
Mar 2020 Mar 2019 Sep 2019 Sep 2018
  -Aug 2020 -Aug 2019 -Aug 2020 -Aug 2019
Net sales, MSEK 456,9 1 033,7 1 391,1 2 031,9
EBIT, MSEK 76,8 72,0 220,2 118,3
Profit before tax, MSEK 37,6 72,6 146,3 116,0
Changes in market valuation of financial derivatives, MSEK -1,7 15,0 50,4 -24,9
Net profit, MSEK 32,8 81,0 168,2 132,8
Earnings per share before and after dilution, SEK 1,32 3,25 6,75 5,33
Equity per share, SEK 40,47 35,65 40,47 35,65
Cashflow from operating activities, MSEK -8,4 920,5 -370,7 566,6
Total assets, MSEK 1 960,0 2 057,8 1 960,0 2 057,8
Net debt – /net cash +, MSEK 400,9 800,1 400,9 800,1
Signed customer contracts, MSEK 4 591,1 1 348,9 4 591,1 1 348,9
No of turbines taken into operation, amount 38,0 28,0 81,0 31,0
No of turbines handed over to customers, amount 39,0 29,0 83,0 34,0
Turbines taken into operation, MW 160,3 104,4 323,7 115,2
Turbines handed over to customers, MW 161,1 105,2 325,3 120,0
Managed turbines, MW 903 524 903 524
Equity/assets ratio, % 51,4 43,2 51,4 43,2
Return on equity after tax, % 17,7 15,6 17,7 15,6

Change of the company’s financial year

Eolus held an Extraordinary General Meeting (EGM) Thursday August 27th. The EGM resolved to change the company’s financial year to run from 1 January to 31 December, instead of 1 September to 31 August. The current financial year is extended to 31 December 2020 and will cover the period 1 September 2019 to 31 December 2020. Five financial statements will be given and the fifth will cover four months, 1 September 2020 – 31 December 2020. In total the financial year will cover 16 months.

Annual report will be made public during week 12, 2021. Annual General Meeting will be held in Hässleholm, Wednesday May 19th, 2021.

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 October 21st, 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 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 some 905 MW is in operation.

Eolus Vind AB has about 28 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit www.eolusvind.com

Attachments

Eolus – Extract of interim report Jun 1 2020 – Aug 31 2020

Eolus - Extract of interim report Jun 1 2020 - Aug 31 2020

Hässleholm, Sweden, October 23, 2019

3 Months June 2019 – August 2019

Full year September 2018 – August 2019

Dividend, Annual Report and Annual General Meeting

Financial summery Q4 Q4 Full year Full year
Jun 2019 Jun 2018 Sep 2018 Sep 2017
  -Aug 2019 -Aug 2018 -Aug 2019 -Aug 2018
Net sales, MSEK 1 033,7 1 185,8 2 031,9 1 366,0
EBIT, MSEK 72,0 179,4 118,3 202,4
Profit before tax, MSEK 72,6 167,0 116,0 198,9
Changes in market valuation of financial derivatives, MSEK 15,0 -1,5 -24,9 2,5
Net profit, MSEK 81,0 155,7 132,8 194,3
Earnings per share before and after dilution, SEK 3,25 6,25 5,33 7,81
Equity per share, SEK 35,65 32,68 35,65 32,68
Cashflow from operating activities, MSEK 920,5 886,7 566,6 241,7
Total assets, MSEK 2 057,8 1 895,0 2 057,8 1 895,0
Net debt – /net cash +, MSEK 800,1 371,1 800,1 371,1
Signed customer contracts, MSEK 1 348,9 2 887,5 1 348,9 2 887,5
No of turbines taken into operation, amount 28,0 23,0 31,0 25,0
No of turbines handed over to customers, amount 29,0 25,6 34,0 30,8
Turbines taken into operation, MW 104,4 79,4 115,2 83,8
Turbines handed over to customers, MW 105,2 84,4 120,0 93,3
Managed turbines, MW 524 415 524 415
Electricity generation, GWh 1,4 5,1 11,7 30,2
Equity/assets ratio, % 43,2 43,1 43,2 43,1
Return on equity after tax, % 15,6 26,4 15,6 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 October 23rd, 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 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 15 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit www.eolusvind.com

Attachment

Eolus - Extract of Year End report 2018-2019

Hässleholm, Sweden, October 26, 2018

3 Months June 2018 – August 2018

Full year September 2017 – August 2018

Significant events after the balance sheet date

Dividend, Annual Report and Annual General Meeting

Financial summery Q4 Q4 Full year Full year
Jun 2018 Jun 2017 Sep 2017 Sep 2016
  -Aug 2018 -Aug 2017 -Aug 2018 -Aug 2017
Net sales, MSEK 1 185,8 281,4 1 366,0 1 065,7
EBIT, MSEK 179,4 28,2 202,4 40,2
Profit before tax, MSEK 167,0 18,3 198,9 34,2
Changes in market valuation of financial derivatives, MSEK -1,5 -0,3 2,5 3,7
Net profit, MSEK 155,7 13,0 194,3 24,5
Earnings per share before and after före dilution, SEK 6,3 0,52 7,8 1,02
Equity per share, SEK 32,7 26,41 32,7 26,41
Cashflow from operating activities, MSEK 886,7 77,9 241,7 91,0
Total assets, MSEK 1 895,0 900,8 1 895,0 900,8
Net debt – /net cash +, MSEK 371,1 167,6 371,1 167,6
Signed customer contracts, MSEK 2 887,5 1 061,0 2 887,5 1 061,0
No of turbines taken into operation, amount 23,0 9,0 25,0 25,0
No of turbines handed over to customers, amount 25,6 12,8 30,8 36,8
Turbines taken into operation, MW 79,4 19,4 83,8 72,2
Turbines handed over to customers, MW 84,4 23,9 93,3 92,8
Managed turbines, MW 415 351 415 351
Electricity generation, GWh 5,1 9,9 30,2 58,6
Equity/assets ratio, % 43,1 73,2 43,1 73,2
Return on equity after tax, % 26,4 3,7 26,4 3,7

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 October 26, 2018, 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 8 200 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit www.eolusvind.com

Attachment

Eolus - Extract of Year end report 2017-2018
Eolus Vind AB
Financial Statement Release

Eolus Vind AB Year End Report September 1 2016 – August 31 2017

Hässleholm, Sweden, 2017-10-26 08:30 CEST (GLOBE NEWSWIRE) -- 


3 Months June 2017 – August 2017

  -- Net sales 281.4 (58.3) MSEK.
  -- EBIT 28.2 (-6.0) MSEK. Profit before tax 18.3 (-6.0) MSEK. Net profit 13.0
     (-5.3) MSEK.
  -- Earnings per share, before and after dilution equals 0.52 (-0.20) SEK.
  -- During the three month period 9 (0) wind turbines were taken into
     operations with a total installed capacity of 19.4 (0) MW.
  -- During the three month period the equivalent of 12.8 (4.7) wind turbines
     with an installed effect of 23.9 (6.1) MW was handed over to customers.
  -- Electricity production from wind farms owned was 9.9 (17.7) GWh with an
     average revenue of 362 (363) SEK/MWh.
  -- In August, the wind farms Gunillaberg and Lunna in Jönköping and Askersund
     municipalities were completed and handed over to KGAL, and Täppeshusen in
     Höganäs municipality to share investors. In total, the two wind farms
     divested to KGAL comprises 7 wind turbines of the model Vestas V100 2.2 MW
     with an installed capacity of 15.4 MW while Täppeshusen comprises 2 Vestas
     V100 2.0 MW wind turbines.



Full year September 2016 – August 2017

  -- Net sales 1 065.7 (693.4) MSEK.
  -- EBIT 40.2 (-15.9) MSEK. Profit before tax 34.2 (-29.1) MSEK. Net profit24.5
     (-23.9) MSEK.
  -- Net profit has been affected by changes in market valuation of financial
     derivatives by-3.9 (2.9) MSEK.
  -- Earnings per share, before and after dilution equals 1.02 (-0.92) SEK.
  -- During the fiscal year 2016/2017 25 (14) wind turbines were taken into
     operations with a total installed capacity of 72.2 (37.7) MW.
  -- During the year the equivalent of 36.8 (26.5) wind turbine with an
     installed effect of 92.8 (57.6) MW was handed over to customers.
  -- Electricity production from wind farms owned was 58.6 (123.6) GWh with an
     average revenue of 423 (375) SEK/MWh.
  -- For the financial year 2015/2016 the board proposes a dividend of 1.50
     (1.50) SEK per share.



Dividend, Annual Report and Annual General Meeting

  -- The Annual Report will be published on December 5th, 2017. The Annual
     General Meeting will be held in Hässleholm Saturday January 27th, 2018. The
     Board will propose a dividend of 1,50 (1,50) SEK.



Financial summery                                  Q4       Q4     Full     Full
                                                                   Year     Year
                                                  Jun      Jun      Sep      Sep
                                                 2017     2016     2016     2015
                                                 -Aug     -Aug     -Aug     -Aug
                                                 2017     2016     2017     2016
--------------------------------------------------------------------------------
Net sales, MSEK                                 281,4     58,3  1 065,7    693,4
EBIT, MSEK                                       28,2     -6,0     40,2    -15,9
Profit before tax, MSEK                          18,3     -6,0     34,2    -29,1
Changes in market valuation of financial         -0,3      0,4      3,7     -5,0
 derivatives, MSEK                                                              
Net profit, MSEK                                 13,0     -5,3     24,5    -23,9
Earnings per share before and after före         0,52    -0,20      1,0    -0,92
 dilution, SEK                                                                  
Equity per share, SEK                            26,4    26,94     26,4    26,94
Cashflow from operating activities, MSEK         77,9     13,3     91,0    134,2
Total assets, MSEK                              900,8  1 269,6    900,8  1 269,6
Net debt - /net cash +, MSEK                    167,6    139,8    167,6    139,8
Signed customer contracts, MSEK               1 061,0    620,7  1 061,0    620,7
No of turbines taken into operation, amount       9,0      0,0     25,0     14,0
No of turbines handed over to customers,         12,8      4,7     36,8     26,5
 amount                                                                         
Turbines taken into operation, MW                19,4      0,0     72,2     37,7
Turbines handed over to customers, MW            23,9      6,1     92,8     57,6
Electricity generation, GWh                       9,9     17,7     58,6    123,6
Equity/assets ratio, %                           73,2     52,9     73,2     52,9
Return on equity after tax, %                     7,9      neg      3,7      neg
--------------------------------------------------------------------------------



For further information contact:
Per Witalisson, CEO, +46 (0)10 199 88 02
Catharina Persson, CFO, +46 (0)10 199 88 17
Johan Hammarqvist, head of communications, +46 (0)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 October 26th 2017, 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 nearly 500 wind
turbines of the approximately 3 300 wind turbines operating in Sweden. The
Eolus Group currently owns an installed capacity of 18 MW and a yearly
electricity production of 40 GWh. Eolus operates approximately 350 MW for
customers and the company itself. 

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
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