Eolus Vind AB Interim Report 1 April-30 June 2024

MAR

Construction in focus during the second quarter

1 April–30 June 2024

  • Net sales amounted to 54 (1,742) MSEK.
  • EBIT amounted to -26 (517) MSEK. Profit before tax amounted to -45 (503) MSEK.
  • Net profit amounted to -50 (422) MSEK.
  • Earnings per share, before and after dilution equaled -1.99 (16.97) SEK.
  • At the end of the period, Eolus had 967 (817) MW under asset management.

1 January–30 June 2024

  • Net sales amounted to 98 (2,019) MSEK.
  • EBIT amounted to -55 (506) MSEK. Profit before tax amounted to -74 (491) MSEK.
  • Net profit amounted to -82 (407) MSEK
  • Earnings per share, before and after dilution equaled -3.29 (16.36) SEK.
  • At the end of the period Eolus had 967 (817) MW under asset management.

Significant events during the period

  • Eolus submitted a permit application to the government for the 2.2 GW offshore wind power project Skidbladner north of Gotska Sandön in Sweden.
  • Magnus Axelsson, Chief Operating Officer and deputy CEO, and Heléne Sebrén, Head of HR, decided to leave Eolus as of 30 June and 30 September 2024, respectively.
  • Christer Baden Hansen, formerly Chief Commercial Officer, was appointed Chief Operating Officer and deputy CEO of Eolus with effect from 1 July 2024.

Significant events after the balance sheet date

  • Eolus appointed Åsa Lamm as Chief People & Culture Officer taking office on 16 September 2024.


Financial Summary


MSEK

Unit

Q2 2024

Q2 2023

6 months 2024

6 months 2023
Rolling 12
Jul–Jun
Full year 2023
Net salesMSEK541,742982,0193812,301
EBITMSEK-26517-55506203764
Profit before taxMSEK-45503-74491154719
Net profitMSEK-50422-8240783573
Earnings per share before and after dilutionSEK-1.9916.97-3.2916.363.3523.00








Equity per shareSEK57.0055.8657.0055.8657.0060.63
Cashflow from operating activitiesMSEK-517860-498624-1,273-152
Total assetsMSEK3,3972,4963,3972,4963,3972,808
Net debt -/net cash+MSEK-417888-417888-417120








Order backlogMSEK662845662845662665
Project under constructionMW456514456514456368
Taken into operation and handed over to customerMW000400125525
Project portfolioMW28,38625,44628,38625,44628,38626,836
Managed turbinesMW967817967817967941








Equity/assets ratio%445844584456
Return on equity after tax%637637646

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.

In connection with the presentation, it will be possible to ask questions through the teleconference or in written form through the webcast. The presentation will be held in English.

Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q2-report-2024
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=50048261
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.

Datum 2024-08-29, kl 07:45
Källa MFN
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