Hoppa till innehållet

Eolus Vind AB Interim Report 1 January-31 March 2024

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.

Select market

Global

  • Svenska
  • English
  • Local

  • Suomi
  • Polski
  • Latviešu
  • North America