Eolus Vind: Q3 boosted by arbitration award - ABG
Q3'23 report due on 17 November
We expect Q3'23 EBIT of SEK 134m
Maintain our value range of SEK 120-170
Q3 expectations
We expect Eolus to deliver group sales of SEK 273m and an EBIT of SEK 134m. The main earnings driver is a positive outcome of the arbitration proceedings related to a few wind projects from 2020, for which we expect the award will add SEK 96m to EBIT and SEK 85m to pre-tax profit. Apart from this, the quarter has been fairly quiet, with no announced project sales, even though the company has announced a partnership with Volvo Cars when it comes to the earlystage offshore wind project Västvind, located outside Gothenburg, Sweden.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eolus-vind/Equity-research/2023/10/eolus-vind---q3-boosted-by-arbitration-award/