Eolus Vind

1 January - 31 March 2025

• Sales amounted to 1,975 (44) MSEK.
• EBIT amounted to 164 (-29) MSEK. Profit before tax amounted to 129 (-29) MSEK.
• Net profit amounted to 90 (-32) MSEK.
• Earnings per share, before and after dilution equaled 3.60 (-1.30) SEK.
• At the end of the period, Eolus had 1,180 (939) MW under asset management.

Significant events during the period

• On January 6, Eolus signed an agreement for the sale of the Pome battery project. The total enterprise value for the project is in the USD 230-235.5 million range. On February 25, Eolus closed the sale of Pome and received a milestone payment of 275 MSEK. A final milestone payment of 25–30 MUSD in connection with start of commercial operations is expected in the first half of 2025.
• On March 21, Eolus Chairman Hans-Göran Stennert resigned at his own request. The board member Hans Linnarson assumed the position of acting Chairman of the Board.
• On March 28, Eolus and Hydro Rein completed construction of the onshore wind project Stor-Skälsjön and handed it over to the buyers.
• On March 31, Eolus announced that it was investigating the possibility of a green bond issue.

Significant events after the balance sheet date

• On April 11, Eolus published its Annual and Sustainability Report 2024. In connection with the publication, the Board communicated its proposal to distribute the dividend for fiscal year 2024 in two installments.

Comment from CEO Per Witalisson

“We started the year with a strong quarter in which the sale of Pome and completion of Stor-Skälsjön contributed substantially to both revenue and operating profit. Meanwhile, we saw good progress among the mature projects in our pipeline. We also took measures to adjust to developments within offshore wind and financial markets.”

Invitation to presentation of the report
At 10:00 a.m. today a webcast with teleconference will be held, where the report is presented by CEO Per Witalisson and CFO Catharina Persson. The presentation will be held in English.

If you wish to participate via webcast, please use the link below:
https://eolus.events.inderes.com/q1-report-2025/register

If you wish to participate via teleconference please register on the link below: https://conference.inderes.com/teleconference/?id=5007771

Financial summary