{"id":18805,"date":"2017-10-26T08:30:00","date_gmt":"2017-10-26T06:30:00","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/eolus-vind-ab-year-end-report-september-1-2016-august-31-2017\/"},"modified":"2024-02-20T13:05:47","modified_gmt":"2024-02-20T12:05:47","slug":"eolus-vind-ab-year-end-report-september-1-2016-august-31-2017","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/eolus-vind-ab-year-end-report-september-1-2016-august-31-2017\/","title":{"rendered":"Eolus Vind AB Year End Report September 1 2016 \u2013 August 31 2017"},"content":{"rendered":"
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Eolus Vind AB\nFinancial Statement Release\n\nEolus Vind AB Year End Report September 1 2016 – August 31 2017\n\nHässleholm, Sweden, 2017-10-26 08:30 CEST (GLOBE NEWSWIRE) -- \r\n\r\n\r\n3 Months June 2017 – August 2017\r\n\r\n  -- Net sales 281.4 (58.3) MSEK.\r\n  -- EBIT 28.2 (-6.0) MSEK. Profit before tax 18.3 (-6.0) MSEK. Net profit 13.0\r\n     (-5.3) MSEK.\r\n  -- Earnings per share, before and after dilution equals 0.52 (-0.20) SEK.\r\n  -- During the three month period 9 (0) wind turbines were taken into\r\n     operations with a total installed capacity of 19.4 (0) MW.\r\n  -- During the three month period the equivalent of 12.8 (4.7) wind turbines\r\n     with an installed effect of 23.9 (6.1) MW was handed over to customers.\r\n  -- Electricity production from wind farms owned was 9.9 (17.7) GWh with an\r\n     average revenue of 362 (363) SEK\/MWh.\r\n  -- In August, the wind farms Gunillaberg and Lunna in Jönköping and Askersund\r\n     municipalities were completed and handed over to KGAL, and Täppeshusen in\r\n     Höganäs municipality to share investors. In total, the two wind farms\r\n     divested to KGAL comprises 7 wind turbines of the model Vestas V100 2.2 MW\r\n     with an installed capacity of 15.4 MW while Täppeshusen comprises 2 Vestas\r\n     V100 2.0 MW wind turbines.\r\n\r\n\r\n\r\nFull year September 2016 – August 2017\r\n\r\n  -- Net sales 1 065.7 (693.4) MSEK.\r\n  -- EBIT 40.2 (-15.9) MSEK. Profit before tax 34.2 (-29.1) MSEK. Net profit24.5\r\n     (-23.9) MSEK.\r\n  -- Net profit has been affected by changes in market valuation of financial\r\n     derivatives by-3.9 (2.9) MSEK.\r\n  -- Earnings per share, before and after dilution equals 1.02 (-0.92) SEK.\r\n  -- During the fiscal year 2016\/2017 25 (14) wind turbines were taken into\r\n     operations with a total installed capacity of 72.2 (37.7) MW.\r\n  -- During the year the equivalent of 36.8 (26.5) wind turbine with an\r\n     installed effect of 92.8 (57.6) MW was handed over to customers.\r\n  -- Electricity production from wind farms owned was 58.6 (123.6) GWh with an\r\n     average revenue of 423 (375) SEK\/MWh.\r\n  -- For the financial year 2015\/2016 the board proposes a dividend of 1.50\r\n     (1.50) SEK per share.\r\n\r\n\r\n\r\nDividend, Annual Report and Annual General Meeting\r\n\r\n  -- The Annual Report will be published on December 5th, 2017. The Annual\r\n     General Meeting will be held in Hässleholm Saturday January 27th, 2018. The\r\n     Board will propose a dividend of 1,50 (1,50) SEK.\r\n\r\n\r\n\r\nFinancial summery                                  Q4       Q4     Full     Full\r\n                                                                   Year     Year\r\n                                                  Jun      Jun      Sep      Sep\r\n                                                 2017     2016     2016     2015\r\n                                                 -Aug     -Aug     -Aug     -Aug\r\n                                                 2017     2016     2017     2016\r\n--------------------------------------------------------------------------------\r\nNet sales, MSEK                                 281,4     58,3  1 065,7    693,4\r\nEBIT, MSEK                                       28,2     -6,0     40,2    -15,9\r\nProfit before tax, MSEK                          18,3     -6,0     34,2    -29,1\r\nChanges in market valuation of financial         -0,3      0,4      3,7     -5,0\r\n derivatives, MSEK                                                              \r\nNet profit, MSEK                                 13,0     -5,3     24,5    -23,9\r\nEarnings per share before and after före         0,52    -0,20      1,0    -0,92\r\n dilution, SEK                                                                  \r\nEquity per share, SEK                            26,4    26,94     26,4    26,94\r\nCashflow from operating activities, MSEK         77,9     13,3     91,0    134,2\r\nTotal assets, MSEK                              900,8  1 269,6    900,8  1 269,6\r\nNet debt - \/net cash +, MSEK                    167,6    139,8    167,6    139,8\r\nSigned customer contracts, MSEK               1 061,0    620,7  1 061,0    620,7\r\nNo of turbines taken into operation, amount       9,0      0,0     25,0     14,0\r\nNo of turbines handed over to customers,         12,8      4,7     36,8     26,5\r\n amount                                                                         \r\nTurbines taken into operation, MW                19,4      0,0     72,2     37,7\r\nTurbines handed over to customers, MW            23,9      6,1     92,8     57,6\r\nElectricity generation, GWh                       9,9     17,7     58,6    123,6\r\nEquity\/assets ratio, %                           73,2     52,9     73,2     52,9\r\nReturn on equity after tax, %                     7,9      neg      3,7      neg\r\n--------------------------------------------------------------------------------\r\n\r\n\r\n\r\nFor further information contact:\r\nPer Witalisson, CEO, +46 (0)10 199 88 02\r\nCatharina Persson, CFO, +46 (0)10 199 88 17\r\nJohan Hammarqvist, head of communications, +46 (0)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 October 26th 2017, at\r\n8.30 AM, CET. \r\n\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 nearly 500 wind\r\nturbines of the approximately 3 300 wind turbines operating in Sweden. The\r\nEolus Group currently owns an installed capacity of 18 MW and a yearly\r\nelectricity production of 40 GWh. Eolus operates approximately 350 MW for\r\ncustomers and the company itself. \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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