Press releases

Correction / Eolus Vind AB interim report March 1 2019 – May 31 2019

In the previous press release sent out at 8.30 AM CET financial numbers for Q3 was missing in the table with the financial summary and some definitions were in Swedish. The extract of the interim report contained the full information.

Hässleholm, Sweden, July 4th, 2019

3 Months March 2019 – May 2019

  • Net sales 520.3 (22.6) MSEK.
  • EBIT 10.9 (-10.0) MSEK. Profit before tax 10.0 (-5.7) MSEK. Net profit 12.2 (-4.6) MSEK.
  • Earnings per share, before and after dilution equals 0.49 (-0.18) SEK.
  • During the three month period 0 (0) wind turbines were taken into operations with a total installed capacity of 0.0 (0.0) MW.
  • During the three month period the equivalent of 1.0 (1.8) wind turbines with an installed capacity of 2.0 (1.4) MW was handed over to customers.
  • At the end of the period Eolus had 421 (337) MW under asset management.
  • Electricity production from wind farms owned was 3.3 (6.3) GWh with an average revenue of 454 (532) SEK/MWh.

Significant events after the balance sheet date

  • In June Eolus signed an agreement with Vestas for delivery of up to 13 wind turbines for Wind Wall 1 Project in California.
Financial summaryQ3Q3Q1-Q3Q1-Q3Full year
 Mar 2019Mar 2018Sep 2018Sep 2017Sep 2017
 -May 2019-May 2018-May 2019-May 2018-Aug 2018
Net sales, MSEK520,322,6998,2180,21 366,0
EBIT, MSEK10,9-10,046,423,0202,4
Profit before tax, MSEK10,0-5,743,331,8198,9
Changes in market valuation of financial derivatives, MSEK-18,7-0,6-39,94,02,5
Net profit, MSEK12,2-4,651,838,7194,3
Earnings per share before and after dilution, SEK0,49-0,182,081,567,81
Equity per share, SEK32,4326,4532,4326,4532,68
Cashflow from operating activities, MSEK-328,1-356,1-353,9-645,0241,7
Total assets, MSEK2 211,11 605,82 211,11 605,81 895,0
Net debt - /net cash +, MSEK-120,4-515,1-120,4-515,1371,1
Signed customer contracts, MSEK2 691,63 885,02 691,63 885,02 887,5
No of turbines taken into operation, amount--3,02,025,0
No of turbines handed over to customers, amount1,01,85,05,230,8
Turbines taken into operation, MW--10,84,483,8
Turbines handed over to customers, MW2,01,414,88,993,3
Managed turbines, MW421337421337415
Electricity generation, GWh3,36,310,225,130,2
Equity/assets ratio, %36,641,136,641,143,1
Return on equity after tax, %28,37,928,37,926,4


For further information contact:

Per Witalisson, CEO, +46 10 199 88 02
Catharina Persson, CFO, +46 10 199 88 17
Johan Hammarqvist, head of communications, +46 10 199 88 10

About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed more than 540 wind turbines of the approximately 3 600 wind turbines operating in Sweden. Eolus has signed contracts for over 800 MW of asset management services of which 420 MW is in operation.

Eolus Vind AB has about 11 500 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit


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