{"id":18872,"date":"2017-07-05T08:30:00","date_gmt":"2017-07-05T06:30:00","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/eolus-interim-report-september-1-2016-may-31-2017\/"},"modified":"2024-02-20T13:06:12","modified_gmt":"2024-02-20T12:06:12","slug":"eolus-interim-report-september-1-2016-may-31-2017","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/eolus-interim-report-september-1-2016-may-31-2017\/","title":{"rendered":"Eolus interim report September 1 2016 \u2013 May 31 2017"},"content":{"rendered":"
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Eolus Vind AB\nInterim report (Q1 and Q3)\n\nEolus interim report September 1 2016 – May 31 2017\n\nHässleholm, Sweden, 2017-07-05 08:30 CEST (GLOBE NEWSWIRE) -- \r\n\r\n\r\n3 Months March 2017 – May 2017\r\n\r\n  -- Net sales 9.3 (158.0) MSEK.\r\n  -- EBIT -7.3 (-11.7) MSEK. Profit before tax -7.8 (-11.7) MSEK. Net profit\r\n     -5.7 (-13.8) MSEK.\r\n  -- Earnings per share, before and after dilution equals -0.22 (-0.43) SEK.\r\n  -- During the three month period 0 (7) wind turbines were taken into operation\r\n     with a total installed capacity of 0.0 (14.6) MW.\r\n  -- During the three month period the equivalent of 0.0 (5.8) wind turbines\r\n     with an installed effect of 0.0 (11.9) MW was handed over to customers.\r\n  -- Electricity production from wind farms owned was 11.6 (20.8) GWh with an\r\n     average revenue of 407 (362) SEK\/MWh.\r\n  -- In March all conditions for the acquisition of 60 % of Wind Wall\r\n     Development, LLC was fulfilled and Eolus subsidiary Eolus North America has\r\n     taken over its share of the company.\r\n  -- In May Eolus signed an agreement with Munich Re regarding the sale of wind\r\n     farm Jenåsen for a purchase amount of EUR 106 million. The construction of\r\n     the wind farm that comprises 23 Vestas V126 3.45 MW wind turbines is\r\n     ongoing and is expected to be completed during the summer of 2018 when\r\n     payment will occur. The wind farm is covered by a PPA that Eolus signed\r\n     with Google in December 2015. In connection with the agreement Eolus will,\r\n     for EUR 9 million, acquire the right to 96 percent of all electricity\r\n     certificates that will be produced in the wind farm during the 15 year\r\n     period the wind farm is eligible for certificates.\r\n\r\n\r\n\r\nFinancial summery                    Q3       Q3       Q1-Q3    Q1-Q3    Full   \r\n                                                                          year  \r\n                                     Mar      Mar      Sep      Sep      Sep    \r\n                                      2017     2016     2016     2015     2015  \r\n                                     -May     -May     -May     -May     -Aug   \r\n                                      2017     2016     2017     2016     2016  \r\nNet sales, MSEK                          9,3    158,0    784,3    635,1    693,4\r\nEBIT, MSEK                              -7,3    -11,7     12,1     -9,9    -15,9\r\nProfit before tax, MSEK                 -7,8    -13,8     16,0    -23,0    -29,1\r\nChanges in market valuation of           0,0      0,7      4,1     -5,3     -5,0\r\n financial derivatives, MSEK                                                    \r\nNet profit, MSEK                        -5,7    -11,1     11,5    -18,6    -23,9\r\nEarnings per share before and after    -0,22    -0,43      0,5    -0,72    -0,92\r\n före dilution, SEK                                                             \r\nEquity per share, SEK                   25,9    27,15     25,9    27,15    26,94\r\nCashflow from operating activities,   -127,0    -53,0     13,1    120,9    134,2\r\n MSEK                                                                           \r\nTotal assets, MSEK                     871,9  1 037,1    871,9  1 037,1  1 269,6\r\nNet debt - \/net cash +, MSEK            94,5    145,1     94,5    145,1    139,8\r\nSigned customer contracts, MSEK      1 305,7    618,3  1 305,7    618,3    620,7\r\nNo of turbines taken into                0,0      7,0     16,0     14,0     14,0\r\n operation, amount                                                              \r\nNo of turbines handed over to            0,0      5,8     24,0     21,8     26,5\r\n customers, amount                                                              \r\nTurbines taken into operation, MW        0,0     14,6     52,8     37,7     37,7\r\nTurbines handed over to customers,       0,0     11,9     68,9     51,5    57,55\r\n MW                                                                             \r\nElectricity generation, GWh             11,6     20,8     48,7    106,0    123,6\r\nEquity\/assets ratio, %                  74,3     65,2     74,3     65,2     52,9\r\nReturn on equity after tax, %        neg      neg          2,3  neg      neg    \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 July 5th 2017 at 8.30\r\nAM 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 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 22 MW and a yearly\r\nelectricity production of 49 GWh. Eolus operates approximately 350 MW for\r\ncustomers and the company itself. \r\n\r\nEolus Vind AB has approximately 5 600 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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