Eolus Vind: Cashing in on a sunny project sale - ABG
Q3 report due on Thursday, 17 November
Still waiting for completion of Öyfjellet
We raise our ’23e-’24e EBIT by 26-10%
Q3’22 expectations
We expect Eolus to post Q3 sales of SEK 502m. We had hoped for a completion of the much-delayed Öyfjellet this quarter, but now expect it to be completed in Q4. We foresee EBIT of SEK 36m and an EBIT margin of 7.2% in Q3, supported by revenue recognition from ongoing project development, resulting in a net profit of SEK 28m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eolus-vind/Equity-research/2022/11/eolus-vind---cashing-in-on-a-sunny-project-sale/