Eolus Vind AB Interim Report 1 January–31 March 2023

Hässleholm, Sweden, 11 May 2023

1 January–31 March 2023

• Net sales amounted to 277 (432) MSEK.
• EBIT amounted to -12 (-158) MSEK. Profit before tax amounted to -12 (-159) MSEK.
• Net profit amounted to -15 (-138) MSEK.
• Earnings per share, before and after dilution equaled -0.61 (-5.55) SEK.
• During the period, energy facilities with a total installed capacity of 400 (0) MW were completed and handed over to customer.
• At the end of the period Eolus had 825 (914) MW under asset management.

 Significant events during the period

• Øyfjellet wind farm in Norway was completed and taken over by Øyfjellet Wind AS.
• Eolus and PNE signed an agreement to co-develop the offshore wind project Kurzéme in Latvia through a joint venture.

Significant events after the balance sheet date

• The Gothenburg Port Authority decided to acquire five percent of Eolus’s Västvind offshore project.
• Eolus signed a cooperation agreement with Finnish land-owner Finsilva for development of five wind power projects with a potential for more than 600 MW in total.

FINANCIAL SUMMARY

	Unit	Q1 2023	Q1 2022	Rolling 12 Apr-Mar	Full year 2022
Net sales	MSEK	277	432	2 201	2 356
EBIT	MSEK	-12	-158	227	80
Profit before tax	MSEK	-12	-159	256	109
Net profit	MSEK	-15	-138	239	116
Earnings per share before and after dilution	SEK	-0,61	-5,55	4,73	-0,22
Equity per share	SEK	38,88	34,16	38,88	39,49
Cashflow from operating activities	MSEK	-236	-164	-264	-191
Total assets	MSEK	1 951	2 021	1 951	1 919
Net debt - /net cash +	MSEK	55	345	55	258
Order backlog	MSEK	1 118	1 195	1 118	1 329
Project under construction	MW	394	786	394	794
Taken into operation and handed over to customer	MW	400	0	400	0
Project portfolio	MW	24 477	15 904	24 477	21 880
Managed turbines	MW	825	914	825	882
Equity/assets ratio	%	53	60	53	54
Return on equity after tax	%	12,9	neg	12,9	11,8

Presentation of the report