Eolus Vind

1 July–30 September 2023

• Net sales amounted to 127 (111) MSEK.
• EBIT amounted to 159 (-8) MSEK. Profit before tax amounted to 134 (-11) MSEK.
• Net profit amounted to 94 (-11) MSEK.
• Earnings per share, before and after dilution equaled 3.79 (-0.45) SEK.
• At the end of the period Eolus had 817 (882) MW under asset management.

1 January–30 September 2023

• Net sales amounted to 2,146 (1,991) MSEK.
• EBIT amounted to 665 (54) MSEK. Profit before tax amounted to 625 (51) MSEK.
• Net profit amounted to 502 (75) MSEK
• Earnings per share, before and after dilution equaled 20.14 (-1.88) SEK.
• At the end of the period Eolus had 817 (882) MW under asset management.

Significant events during the period

• 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 submitted the permit application to the government and the Land and Environment Court for the 1,000 MW Västvind wind power project located west of Gothenburg.
• Michiel Messing, Head of Construction, left Eolus’s Group Management in July and concluded his employment in October.
• To create the best conditions for permitting and realization of the offshore projects, Eolus initiated a strategic review of its offshore wind power business.
• Tiina Partanen took office as new Country Manager in Finland on 10 August.

Significant events after the balance sheet date

• An arbitration award in a case regarding the Kråktorpet and Nylandsbergen wind projects was announced. The award positively affected Eolus’s pre-tax profit for the third quarter with 85 MSEK. Cash flow will be negatively affected by SEK 28 million in the fourth quarter.
• Eolus signed a letter of intent with Volvo Cars for collaboration on the Västvind offshore project.
• Eolus submitted the permit application to the government for the 1,400 MW offshore wind project Arkona off Sweden’s southern coast.

Financial summary

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-q3-2023
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=5002564
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.