Eolus Vind AB Interim Report 1 January-31 March 2024

Investment decision and construction start in three Swedish projects

1 January–31 March 2024

• Net sales amounted to 44 (277) MSEK.
• EBIT amounted to -29 (-12) MSEK. Profit before tax amounted to -29 (-12) MSEK.
• Net profit amounted to -32 (-15) MSEK.
• Earnings per share, before and after dilution equaled -1.30 (-0.61) SEK.
• At the end of the period Eolus had 939 (825) MW under asset management.

Significant events during the period

• Eolus made an investment decision for the wind power projects Fågelås, Boarp and Dållebo in Sweden totaling 88 MW. A turbine supply agreement was signed with Vestas and construction will start immediately.
• Eolus submitted a permit application for the 1,000 MW wind power project Blekinge Offshore off the coast of Blekinge.
• Eolus and Simply Blue Group agreed to transfer full ownership of the joint venture SeaSapphire, which develops floating offshore wind projects, to Eolus.

Significant events after the balance sheet date

• Magnus Axelsson, COO and deputy CEO, decided to leave Eolus as of June 30, 2024.

Financial Summary

MSEK	Unit	Q1 2024	Q1 2023	12 months Apr-Mar	Full year 2023
Net sales	MSEK	44	277	2,069	2,301
EBIT	MSEK	-29	-12	747	764
Profit before tax	MSEK	-29	-12	702	719
Net profit	MSEK	-32	-15	556	573
Earnings per share before and after dilution	SEK	-1.30	-0.61	22.31	23.00
Equity per share	SEK	61.45	38.88	61.45	60.63
Cashflow from operating activities	MSEK	20	-236	104	-152
Total assets	MSEK	2,958	1,951	2,958	2,808
Net debt -/net cash+	MSEK	-112	55	-112	-118
Order backlog	MSEK	662	1118	662	665
Project under construction	MW	456	394	456	368
Taken into operation and handed over to customer	MW	0	400	125	525
Project portfolio	MW	28,095	24,477	28,095	26,836
Managed turbines	MW	939	825	939	941
Equity/assets ratio	%	54	53	54	56
Return on equity after tax	%	44	13	44	46

Presentation of the report
At 10:00 today, CEO Per Witalisson and CFO Catharina Persson will present the report via a webcast with telephone conference.
In connection with the presentation, it will be possible to ask questions through the teleconference or in written form through the webcast. The presentation will be held in English.

Webcast:
If you wish to participate via webcast, please use the link below:
https://ir.financialhearings.com/eolus-q1-report-2024/
Via the webcast you can ask written questions.

Teleconference:
If you wish to participate via teleconference, please register on the link below:
https://conference.financialhearings.com/teleconference/?id=50048260
After registration you will be provided phone number and a conference ID to access the conference.
You can ask questions verbally via the teleconference.

For further information, please contact:
Per Witalisson, CEO, [phone], [e-mail]
Karin Wittsell Heydl, Head of Communications & Sustainability, [phone], [e-mail]

ABOUT EOLUS
Eolus is a leading developer of innovative and customized renewable energy solutions. We offer attractive and sustainable investments in the Nordics, the Baltics, Poland and the USA. From development of green field projects to construction and operation of renewable energy assets, we are part of the entire value chain. For over three decades we have worked for a future where everyone can lead a fulfilling, yet sustainable life. Today, our project portfolio includes more than 28 GW wind, solar and energy storage projects. Eolus – shaping the future of renewable energy.

Eolus’s Class B share is listed on Nasdaq Stockholm. www.eolus.com

This information is information that Eolus Vind is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-05-15 07:45 CEST.

Attachments
Eolus Interim Report Q1 2024

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