Q3 expectations
We expect Eolus to deliver group sales of SEK 273m and an EBIT of SEK 134m. The main earnings driver is a positive outcome of the arbitration proceedings related to a few wind projects from 2020, for which we expect the award will add SEK 96m to EBIT and SEK 85m to pre-tax profit. Apart from this, the quarter has been fairly quiet, with no announced project sales, even though the company has announced a partnership with Volvo Cars when it comes to the earlystage offshore wind project Västvind, located outside Gothenburg, Sweden.
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