Q3’22 results
Eolus Vind delivered a Q3 report, with net sales coming in at SEK 111m, which was -78% vs. ABGSCe SEK 502m. EBITDA came in at SEK -6m, below our forecast of SEK 38m, while EBIT was SEK -8m (ABGSCe SEK 36m). We had expected more revenue recognition from ongoing projects, mainly from the uncompleted construction of Öyfjellet. The project is now 90% completed and we think it will be finished in Q4 earliest. The net profit was SEK -11m, which was below our expectations of SEK 28m.
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