{"id":29481,"date":"2023-10-16T15:35:00","date_gmt":"2023-10-16T13:35:00","guid":{"rendered":"https:\/\/www.eolus.com\/blog\/mfn_news\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter\/"},"modified":"2024-02-20T15:27:14","modified_gmt":"2024-02-20T14:27:14","slug":"arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter","status":"publish","type":"mfn_news","link":"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter\/","title":{"rendered":"Arbitration award &#8211; profit before tax positively affected by SEK 85 million in the third quarter"},"content":{"rendered":"<div class=\"mfn-preamble\">\n<p class=\"mfn-wp-retain\"><strong>An arbitration award in a case regarding the Kr&aring;ktorpet and Nylandsbergen wind projects outside Sundsvall has been announced today. The award is estimated to have a positive effect on Eolus&rsquo;s operating profit by SEK 96 million in the third quarter. The estimated effect on profit before tax is SEK 85 million in the third quarter. Cash flow will be negatively affected by approximately SEK 28 million in the fourth quarter.<\/strong><\/p>\n<\/div>\n<div class=\"mfn-body\">\n<p class=\"mfn-wp-retain\">In January 2018, the contractor received the contract to design and execute roads and crane sites as well as electrical grids for the Kr&aring;ktorpet and Nylandsbergen wind farms. The parties could not agree on responsibility for damages and delays due to insufficient roads, etc. during the thawing period in connection with the construction of the wind farms and a dispute was initiated in 2020. The arbitration award was announced today, 16 October, 2023.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-7151d680bed9\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">For further information, please contact:<\/strong><br \/>Per Witalisson, CEO, +46 702 65 16 15, <a href=\"https:\/\/editor.mfn.se\/app\/per.witalisson@eolusvind.com\" rel=\"noopener\" target=\"_blank\">per.witalisson@eolusvind.com<\/a><br \/>Catharina Persson, CFO, +46 709 32 97 77, <a href=\"mailto:catharina.persson@eolusvind.com\" rel=\"noopener\" target=\"_blank\">catharina.persson@eolusvind.com<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p class=\"mfn-wp-retain\"><em>This information is information that Eolus Vind is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2023-10-16 15:35 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Attachments<\/strong><br \/><a class=\"mfn-generated mfn-primary\" href=\"https:\/\/storage.mfn.se\/8ee7cd74-021d-4171-8031-23b369021a0c\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter.pdf\" rel=\"noopener\" target=\"_blank\">Arbitration award &#8211; profit before tax positively affected by SEK 85 million in the third quarter<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-primary\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/8ee7cd74-021d-4171-8031-23b369021a0c\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/8ee7cd74-021d-4171-8031-23b369021a0c\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter.pdf?type=jpg\"><\/span>Arbitration award - profit before tax positively affected by SEK 85 million in the third quarter<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>An arbitration award in a case regarding the Kr&aring;ktorpet and Nylandsbergen wind projects outside Sundsvall has been announced today. The award is estimated to have a positive effect on Eolus&rsquo;s operating profit by SEK 96 million in the third quarter. The estimated effect on profit before tax is SEK 85 million in the third quarter. [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-29481","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-ca","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-regulatory-mar","mfn-news-tag-mfn","mfn-news-tag-mfn-ca-other","mfn-news-tag-mfn-regulatory"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arbitration award - profit before tax positively affected by SEK 85 million in the third quarter - Eolus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.eolus.com\/en\/blog\/mfn_news\/arbitration-award-profit-before-tax-positively-affected-by-sek-85-million-in-the-third-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitration award - profit before tax positively affected by SEK 85 million in the third quarter - Eolus\" \/>\n<meta property=\"og:description\" content=\"An arbitration award in a case regarding the Kr&aring;ktorpet and Nylandsbergen wind projects outside Sundsvall has been announced today. The award is estimated to have a positive effect on Eolus&rsquo;s operating profit by SEK 96 million in the third quarter. The estimated effect on profit before tax is SEK 85 million in the third quarter. 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