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

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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