Eolus Vind

1 April–30 June 2023

• Net sales amounted to 1,742 (1,448) MSEK.
• EBIT amounted to 517 (220) MSEK. Profit before tax amounted to 503 (221) MSEK.
• Net profit amounted to 422 (225) MSEK.
• Earnings per share, before and after dilution equaled 16.97 (4.12) SEK.
• At the end of the period Eolus had 817 (912) MW under asset management.

1 January–30 June 2023

• Net sales amounted to 2,019 (1,880) MSEK.
• EBIT amounted to 506 (62) MSEK. Profit before tax amounted to 491 (62) MSEK.
• Net profit amounted to 407 (87) MSEK.
• Earnings per share, before and after dilution equaled 16.36 (-1.43) SEK.
• At the end of the period Eolus had 817 (912) MW under asset management.

Significant events during the period

• Eolus sold the wind power projects Skallberget/Utterberget, Tjärnäs and Rosenskog comprising 125 MW to BKW.
• Eolus received a significant payment as a result of achieving an important milestone in the solar and battery storage project in Arizona, US, which was sold in October 2022.
• Eolus signed a cooperation agreement with Finnish landowner Finsilva for development of five wind power projects with a potential for more than 600 MW in total.
• The Gothenburg Port Authority decided to acquire five percent of Eolus’s Västvind offshore project outside Gothenburg.

Significant events after the balance sheet date

• Eolus made an investment decision for the 100 MW battery storage project Pome in US and signed an agreement regarding supply of a battery energy storage system.
• Eolus filed a permit application for the 1,000 MW Västvind wind power project, located west of Gothenburg.
• Michiel Messing, Head of Construction, stepped down from Eolus’s Group Management as of 21 July since he will leave Eolus in October.
• Eolus initiated a strategic review of its offshore wind power business with the intention to create the best conditions for permitting and realization of the projects.
• Tiina Partanen took office as new Country Manager in Finland on 10 August.

Financial summary

Presentation of the report
At 10:00 (CEST) 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:
https://ir.financialhearings.com/eolus-q2-2023
Via the webcast you can ask written questions.

Teleconference:
If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=200944
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.