{"id":18784,"date":"2018-01-25T08:30:00","date_gmt":"2018-01-25T07:30:00","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/eolus-vind-ab-interim-report-september-1-2017-november-30-2017\/"},"modified":"2024-02-20T13:05:36","modified_gmt":"2024-02-20T12:05:36","slug":"eolus-vind-ab-interim-report-september-1-2017-november-30-2017","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/eolus-vind-ab-interim-report-september-1-2017-november-30-2017\/","title":{"rendered":"Eolus Vind AB interim report September 1 2017 \u2013 November 30 2017"},"content":{"rendered":"
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Eolus Vind AB\nInterim report (Q1 and Q3)\n\nEolus Vind AB interim report September 1 2017 – November 30 2017\n\nHässleholm, Sweden, 2018-01-25 08:30 CET (GLOBE NEWSWIRE) -- \r\n\r\n\r\n3 Months September 2017 – November 2017\r\n\r\n- Net sales 18.1 (86.4) MSEK.\r\n\r\n- EBIT 3.0 (-11.7) MSEK. Profit before tax 9.8 (-5.4) MSEK. Net profit 7.4\r\n(-4.4) MSEK. \r\n\r\n- Earnings per share, before and after dilution equals 0.30 (-0.16) SEK.\r\n\r\n- During the three month period 0 (1) wind turbines were taken into operation\r\nwith a total installed capacity of 0.0 (3.3) MW. \r\n\r\n- During the three month period the equivalent of 0.4 (2.8) wind turbines with\r\nan installed effect of 0.8 (7.0) MW was handed over to customers. \r\n\r\n- Electricity production from wind farms owned was 9.5 (22.1) GWh with an\r\naverage revenue of 428 (445) SEK\/MWh. \r\n\r\n\r\n\r\nSignificant events after the balance sheet date\r\n\r\n- In December, Eolus signed an agreement with KGAL regarding the sale of 47 MW\r\nwind power for a preliminary purchase price of EUR 57.7 million. Wind farm\r\nSötterfällan (36.0 MW) is expected to be delivered turnkey in the summer of\r\n2019 and wind farm Anneberg (10.8 MW) in December 2018. Eolus will provide\r\nasset management services for the wind farms. \r\n\r\n- In December, Eolus signed an agreement with Aquila Capital regarding the sale\r\nof 232 MW wind power for a preliminary purchase price of EUR 264 million. Eolus\r\nwill construct the wind farms Kråktorpet comprising 43 turbines with a capacity\r\nof 163.4 MW and Nylandsbergen comprising 18 turbines with a capacity of 68.4\r\nMW. Both wind farms will be commissioned during the second half of 2019. Eolus\r\nwill provide asset management services for the wind farms. \r\n\r\n- In December Eolus signed an agreement with Vestas for the delivery of 74 wind\r\nturbines of the model V136 totaling 279 MW to the wind farms Kråktorpet,\r\nNylandsbergen, Sötterfällan and Anneberg. All four wind farms have full service\r\nagreements for 15-20 years from commissioning. \r\n\r\n- In January Eolus signed a balance of plant contract with Veidekke for\r\nconstruction of the wind farms Kråktorpet and Nylandsbergen as well as an\r\nagreement with E.ON Elnät regarding grid connection of the wind farms. \r\n\r\n\r\n\r\nDividend and Annual General Meeting\r\n\r\n- The Annual General Meeting will be held in Hässleholm, Sweden, Saturday\r\nJanuary 27, 2018. The Board of Directors proposes a dividend of SEK 1.50 (1.50)\r\nper share. \r\n\r\n\r\n\r\n\r\n\r\n---------------------------------------------------                             \r\nFinancial summery                                         Q1        Q1      Full\r\n                                                                            Year\r\n                                          Sep 2017  Sep 2016  Sep 2016  \r\n                                                        -Nov      -Nov      -Aug\r\n                                                        2017      2016      2017\r\n--------------------------------------------------------------------------------\r\nNet sales, MSEK                                         18,1      86,4   1 065,7\r\nEBIT, MSEK                                               3,0     -11,7      40,2\r\nProfit before tax, MSEK                                  9,8      -5,4      34,2\r\nChanges in market valuation of financial                10,4       2,4       3,7\r\n derivatives, MSEK                                                              \r\nNet profit, MSEK                                         7,4      -4,4      24,5\r\nEarnings per share before and after före dilution,       0,3     -0,16      1,02\r\n SEK                                                                            \r\nEquity per share, SEK                                   26,7     26,77     26,41\r\nCashflow from operating activities, MSEK               -87,5     -88,7      91,0\r\nTotal assets, MSEK                                     891,2   1 136,4     900,8\r\nNet debt - \/net cash +, MSEK                            79,4      50,6     167,6\r\nSigned customer contracts, MSEK                      1 057,4     589,7   1 061,0\r\nNo of turbines taken into operation, amount                -       1,0      25,0\r\nNo of turbines handed over to customers, amount          0,4       2,8      36,8\r\nTurbines taken into operation, MW                          -       3,3      72,2\r\nTurbines handed over to customers, MW                    0,8       7,0      92,8\r\nElectricity generation, GWh                              9,5      22,1      58,6\r\nEquity\/assets ratio, %                                  74,8      58,7      73,2\r\nReturn on equity after tax, %                            4,5       neg       3,7\r\n--------------------------------------------------------------------------------\r\n\r\n\r\n\r\nFor further information contact:\r\nPer Witalisson, CEO, +46 10 199 88 02\r\nCatharina Persson, CFO, +46 10-199 88 17\r\nJohan Hammarqvist, head of communications, +46 10 199 88 10\r\n\r\nThe information in this press release is disclosed pursuant to the EU Market\r\nAbuse Regulation. The information was released for public disclosure through\r\nthe agency of head of communication Johan Hammarqvist on January 25, 2018, at\r\n8.30 AM CET. \r\n\r\nAbout Eolus:\r\nEolus Vind AB is one of the leading wind power developers in Sweden. Eolus is\r\nactive in the whole value chain from development of green field projects to\r\nconstruction and operation of wind farms. Eolus offers attractive and\r\ncompetitive investments in the Nordic and Baltic countries to both local and\r\ninternational investors. Founded in 1990, Eolus has constructed more than 500\r\nwind turbines of the approximately 3 400 wind turbines operating in Sweden.\r\nEolus operates approximately 350 MW for customers and the company itself. The\r\nEolus Group currently owns an installed capacity of 17 MW and a yearly\r\nelectricity production of 37 GWh. \r\n\r\nEolus Vind AB has approximately 6 600 shareholders. Eolus shares are listed at\r\nNasdaq Stockholm. \r\n\r\nFor more information about Eolus, please visit www.eolusvind.com<\/pre>\n
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