Eolus Vind: Market softness continues in Q2 - ABG
Q2e on 29 Aug, expect a slow quarter before more transactions in H2
We lower '24e-'25e EBIT by 31% and 18%, move earnings to '26e
Lower fair value range of SEK 90-120
Q2 results preview
We expect Eolus to have had another slow quarter in Q2, since the company has not announced any material project sales. We forecast sales of SEK 61m and an EBIT loss of SEK 17m. We expect the project portfolio to remain relatively unchanged at around 28 GW, while the balance sheet should remain strong with a net cash position of around SEK 100m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eolus-vind/Equity-research/2024/8/eolus-vind---market-softness-continues-in-q2/