Bildkälla: Stockfoto

Eolus Vind: Small Q3, major project sales in Q4e - ABG

Q3 EBIT -94m (ABGSCe SEK -19m)
Minor estimate revisions, given Q3 small quarter
Fågelås, Boarp, Dållebo to be sold in Q1'25 (in line with ABGSCe)


Q3 results

Eolus booked lower Q3 sales of SEK 24m (ABGSCe SEK 67m), -81% y-o-y. EBIT came in at SEK -94m (ABGSCe SEK -19m). The low EBIT was partly due to lower booked sales and higher cost for goods and project development. The company writes that the construction of the Stor-Skälsjön wind farm is nearing completion and is currently 95% complete according to its percentage of completion method. The process for divesting Pome continues.
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