Skip to main content

Eolus Vind AB interim report March 1 2020 – May 31 2020

Written by Customer Service on . Posted in Public Companies.

Hässleholm, Sweden, July 8, 20203 Months March 2020 – May 2020Net sales 380.6 (520.3) MSEK.EBIT 38.1 (10.9) MSEK. Profit before tax 13.5 (10.0) MSEK. Net profit 17.6 (12.2) MSEK.Earnings per share, before and after dilution equals 0.71 (0.49) SEK.During the three month period 0 (0) wind turbines were taken into operations with a total installed capacity of 0 (0) MW.During the three month period the equivalent of 0 (1) wind turbines with an installed capacity of 0 (2.0) MW was handed over to customers.At the end of the period Eolus had 687 (421) MW under asset management.In March 2020 the project company Øyfjellet Wind AS, which Eolus has a construction management agreement with, signed a turbine supply agreement with Nordex regarding 72 wind turbines of the model N149 with a total installed capacity of 400 MW. A 20-year Premium Service contract with options for extension was also signed.Significant events after the balance sheet dateIn July Eolus signed a cooperation agreement with SCA regarding development of wind power projects. Under the cooperation agreement Eolus and SCA will initiate joint development of a number of projects and Eolus will also be able to sign land lease agreements in other identified projects areas. The goal is to reach around 1 000 MW of projects for realization in Sweden, Estonia and Latvia.
Change of the company’s financial yearEolus is planning for an Extraordinary General Meeting (EGM) Thursday August 27th. The Board of Directors will propose the that EGM resolves to change the company’s financial year to run from 1 January to 31 December, instead of 1 September to 31 August. The current financial year is extended to cover a period of 16 months, that is, until 31 December 2020. Five financial statements will be given and the fifth will cover four months, 1 September – 31 December 2020. Annual report for the extended financial year will be given during the spring of 2021.For further information contact:Per Witalisson, CEO, +46 10 199 88 02
Catharina Persson, CFO, +46 70 932 97 77
Johan Hammarqvist, head of communications, +46 10 199 88 10The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on July 8th 2020, at 8.30 AM CET.About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 615 wind turbines with a capacity of over 1 200 MW. Eolus has signed contracts for about 1 300 MW of asset management services of which some 745 MW is in operation.For more information about Eolus, please visit www.eolusvind.com
AttachmentEolus – Extract of interim report Mar 31 2020-May 31 2020

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.