Eolus Vind: Weaker than expected Q3’22 - ABG
Q3’22 EBIT of SEK -8m vs. ABGSCe SEK 36m
Progress in the portfolio
Conference call at 10.00 CET
Q3’22 results
Eolus Vind delivered a Q3 report, with net sales coming in at SEK 111m, which was -78% vs. ABGSCe SEK 502m. EBITDA came in at SEK -6m, below our forecast of SEK 38m, while EBIT was SEK -8m (ABGSCe SEK 36m). We had expected more revenue recognition from ongoing projects, mainly from the uncompleted construction of Öyfjellet. The project is now 90% completed and we think it will be finished in Q4 earliest. The net profit was SEK -11m, which was below our expectations of SEK 28m.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/eolus-vind/Equity-research/2022/11/eolus-vind---weaker-than-expected-q322/