Hässleholm, Sweden, July 8, 2020
3 Months March 2020 – May 2020
Significant events after the balance sheet date
|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|
|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|
Change of the company’s financial year
Eolus is planning for an Extraordinary General Meeting (EGM) Thursday August 27th. The Board of Directors will propose the that EGM resolves to change the company’s financial year to run from 1 January to 31 December, instead of 1 September to 31 August. The current financial year is extended to cover a period of 16 months, that is, until 31 December 2020. Five financial statements will be given and the fifth will cover four months, 1 September – 31 December 2020. Annual report for the extended financial year will be given during the spring of 2021.
For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Catharina Persson, CFO, +46 70 932 97 77
Johan Hammarqvist, head of communications, +46 10 199 88 10
The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on July 8th 2020, at 8.30 AM CET.
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 615 wind turbines with a capacity of over 1 200 MW. Eolus has signed contracts for about 1 300 MW of asset management services of which some 745 MW is in operation.
Eolus Vind AB has about 26 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.
For more information about Eolus, please visit www.eolusvind.com