Eolus Vind AB Interim Report 1 January31 March 2023

Date

2023-05-11 02:56:34

(MENAFN- GlobeNewsWire - Nasdaq) English Swedish

Hässleholm, Sweden, 11 May 2023

1 January–31 March 2023

Net sales amounted to 277 (432) MSEK.
EBIT amounted to -12 (-158) MSEK. Profit before tax amounted to -12 (-159) MSEK.
Net profit amounted to -15 (-138) MSEK.
Earnings per share, before and after dilution equaled -0.61 (-5.55) SEK.
During the period, energy facilities with a total installed capacity of 400 (0) MW were completed and handed over to customer.
At the end of the period Eolus had 825 (914) MW under asset management.

Significant events during the period

Øyfjellet wind farm in Norway was completed and taken over by Øyfjellet Wind AS.
Eolus and PNE signed an agreement to co-develop the offshore wind project Kurzéme in Latvia through a joint venture.

Significant events after the balance sheet date

The Gothenburg Port Authority decided to acquire five percent of Eolus's Västvind offshore project.
Eolus signed a cooperation agreement with Finnish land-owner Finsilva for development of five wind power projects with a potential for more than 600 MW in total.

FINANCIAL SUMMARY

	Unit	Q1 2023	Q1 2022	Rolling 12 Apr-Mar	Full year 2022
Net sales	MSEK	277	432	2 201	2 356
EBIT	MSEK	-12	-158	227	80
Profit before tax	MSEK	-12	-159	256	109
Net profit	MSEK	-15	-138	239	116
Earnings per share before and after dilution	SEK	-0,61	-5,55	4,73	-0,22

Equity per share	SEK	38,88	34,16	38,88	39,49
Cashflow from operating activities	MSEK	-236	-164	-264	-191
Total assets	MSEK	1 951	2 021	1 951	1 919
Net debt - /net cash +	MSEK	55	345	55	258

Order backlog	MSEK	1 118	1 195	1 118	1 329
Project under construction	MW	394	786	394	794
Taken into operation and handed over to customer	MW	400	0	400	0
Project portfolio	MW	24 477	15 904	24 477	21 880
Managed turbines	MW	825	914	825	882

Equity/assets ratio	%	53	60	53	54
Return on equity after tax	%	12,9	neg	12,9	11,8

Presentation of the report
At 10:00 today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone conference.

Webcast:
If you wish to participate via webcast, please use the link below:

Via the webcast you can ask written questions.

Teleconference:
If you wish to participate via teleconference, please register on the link below:

After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.

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