Eolus Vind: Impressive quarter wraps up '24 - ABG

Strong EBIT of SEK 437m (ABGSCe 495m) in Q4
New targets: >15% ROE and total '25-'27 EBIT >SEK 1.4bn
Updates on '25-'27 project pipeline


Q4 results

Eolus reported strong sales of SEK 729m (ABGSCe 727m) and EBIT of SEK 437m (ABGSCe 495m), driven by the milestone payment from the Centennial Flats solar and battery storage project, in line with our estimates. In conjunction with the Q4 report, the company also presented new financial targets for 2025-2027. These included an operating profit target of SEK 1,400m in total for '25-'27 (ABGSCe 1,158m), an ROE target of >15% on average (previously >10%, ABGSCe 14% on average for '25e-'27e), an equity ratio of >30% and dividend payouts corresponding to 20-50% of the group's profit after tax. The mid-point of the dividend payout target in combination with the company's ROE target would imply an 8-9% dividend yield for '25-'27.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eolus-vind/Equity-research/2025/2/eolus-vind---impressive-quarter-wraps-up-24/