Eolus Vind AB interim report March 1 2020 – May 31 2020
Hässleholm, Sweden, July 8, 2020
3 Months March 2020 – May 2020
- Net 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 date
- In 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.
Financial summary | Interim | Interim | 6 month | 6 month | Full year |
Mar 2020 | Mar 2019 | Sep 2019 | Sep 2018 | Sep 2018 | |
-May 2020 | -May 2019 | -May 2020 | -May 2019 | -Aug 2019 | |
Net sales, MSEK | 380,6 | 520,3 | 934,3 | 998,2 | 2 031,9 |
EBIT, MSEK | 38,1 | 10,9 | 143,4 | 46,4 | 118,3 |
Profit before tax, MSEK | 13,5 | 10,0 | 108,7 | 43,3 | 116,0 |
Changes in market valuation of financial derivatives, MSEK | 32,2 | -18,7 | 52,2 | -39,9 | -24,9 |
Net profit, MSEK | 17,6 | 12,2 | 135,4 | 51,8 | 132,8 |
Earnings per share before and after dilution, SEK | 0,71 | 0,49 | 5,44 | 2,08 | 5,33 |
Equity per share, SEK | 39,40 | 32,43 | 39,40 | 32,43 | 35,65 |
Cashflow from operating activities, MSEK | 37,8 | -328,1 | -362,2 | -353,9 | 566,6 |
Total assets, MSEK | 2 073,6 | 2 211,1 | 2 073,6 | 2 211,1 | 2 057,8 |
Net debt - /net cash +, MSEK | 373,1 | -120,4 | 373,1 | -120,4 | 800,1 |
Signed customer contracts, MSEK | 4 826,0 | 2 691,6 | 4 826,0 | 2 691,6 | 1 348,9 |
No of turbines taken into operation, amount | 0,0 | 0,0 | 43,0 | 3,0 | 31,0 |
No of turbines handed over to customers, amount | 0,0 | 1,0 | 44,0 | 5,0 | 34,0 |
Turbines taken into operation, MW | 0,0 | 0,0 | 163,4 | 10,8 | 115,2 |
Turbines handed over to customers, MW | 0,0 | 2,0 | 164,2 | 14,8 | 120,0 |
Managed turbines, MW | 687 | 421 | 687 | 421 | 524 |
Equity/assets ratio, % | 47,3 | 36,6 | 47,3 | 36,6 | 43,2 |
Return on equity after tax, % | 24,2 | 28,3 | 24,2 | 28,3 | 15,6 |
Lesen Sie auch
Change of the company’s financial year
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte