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
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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
