Eolus Vind AB
Interim report (Q1 and Q3)
Eolus interim report September 1 2016 – May 31 2017
Hässleholm, Sweden, 2017-07-05 08:30 CEST (GLOBE NEWSWIRE) --
3 Months March 2017 – May 2017
-- Net sales 9.3 (158.0) MSEK.
-- EBIT -7.3 (-11.7) MSEK. Profit before tax -7.8 (-11.7) MSEK. Net profit
-5.7 (-13.8) MSEK.
-- Earnings per share, before and after dilution equals -0.22 (-0.43) SEK.
-- During the three month period 0 (7) wind turbines were taken into operation
with a total installed capacity of 0.0 (14.6) MW.
-- During the three month period the equivalent of 0.0 (5.8) wind turbines
with an installed effect of 0.0 (11.9) MW was handed over to customers.
-- Electricity production from wind farms owned was 11.6 (20.8) GWh with an
average revenue of 407 (362) SEK/MWh.
-- In March all conditions for the acquisition of 60 % of Wind Wall
Development, LLC was fulfilled and Eolus subsidiary Eolus North America has
taken over its share of the company.
-- In May Eolus signed an agreement with Munich Re regarding the sale of wind
farm Jenåsen for a purchase amount of EUR 106 million. The construction of
the wind farm that comprises 23 Vestas V126 3.45 MW wind turbines is
ongoing and is expected to be completed during the summer of 2018 when
payment will occur. The wind farm is covered by a PPA that Eolus signed
with Google in December 2015. In connection with the agreement Eolus will,
for EUR 9 million, acquire the right to 96 percent of all electricity
certificates that will be produced in the wind farm during the 15 year
period the wind farm is eligible for certificates.
Financial summery Q3 Q3 Q1-Q3 Q1-Q3 Full
year
Mar Mar Sep Sep Sep
2017 2016 2016 2015 2015
-May -May -May -May -Aug
2017 2016 2017 2016 2016
Net sales, MSEK 9,3 158,0 784,3 635,1 693,4
EBIT, MSEK -7,3 -11,7 12,1 -9,9 -15,9
Profit before tax, MSEK -7,8 -13,8 16,0 -23,0 -29,1
Changes in market valuation of 0,0 0,7 4,1 -5,3 -5,0
financial derivatives, MSEK
Net profit, MSEK -5,7 -11,1 11,5 -18,6 -23,9
Earnings per share before and after -0,22 -0,43 0,5 -0,72 -0,92
före dilution, SEK
Equity per share, SEK 25,9 27,15 25,9 27,15 26,94
Cashflow from operating activities, -127,0 -53,0 13,1 120,9 134,2
MSEK
Total assets, MSEK 871,9 1 037,1 871,9 1 037,1 1 269,6
Net debt - /net cash +, MSEK 94,5 145,1 94,5 145,1 139,8
Signed customer contracts, MSEK 1 305,7 618,3 1 305,7 618,3 620,7
No of turbines taken into 0,0 7,0 16,0 14,0 14,0
operation, amount
No of turbines handed over to 0,0 5,8 24,0 21,8 26,5
customers, amount
Turbines taken into operation, MW 0,0 14,6 52,8 37,7 37,7
Turbines handed over to customers, 0,0 11,9 68,9 51,5 57,55
MW
Electricity generation, GWh 11,6 20,8 48,7 106,0 123,6
Equity/assets ratio, % 74,3 65,2 74,3 65,2 52,9
Return on equity after tax, % neg neg 2,3 neg neg
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 July 5th 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 22 MW and a yearly
electricity production of 49 GWh. Eolus operates approximately 350 MW for
customers and the company itself.
Eolus Vind AB has approximately 5 600 shareholders. Eolus shares are listed at
Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com
