Eolus Vind AB (publ)
STO:EOLU B
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Eolus Vind AB (publ)
STO:EOLU B
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INKON Life Technology Co Ltd
SZSE:300143
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Eolus Vind AB (publ)
Eolus Vind AB engages in the development, establishment, and operation of wind turbines for electricity generation. The company is headquartered in Hassleholm, Skane. The company went IPO on 2009-05-28. The firm operates as developer of wind power projects, owner and manager of wind turbines and provider of technical and administrative consulting services. As of August 31, 2011, Eolus owned all or part of 30 (27) wind turbines with a total output of 38.6 (33.8) megawatt (MW), with an estimated annual production of about 93 (81) gigawatt (GW). Two of the turbines are located in Estonia and the rest in Sweden. The firm operates through 13 subsidiaries, including Ekovind AB, Eolus Elnat AB, Kattegatt Vindkraft AB, OU Baltic Wind Energy, Vingkraft Hakarp AB and Svenska Vindbolaget AB. In July 2014, it established subsidiary in Finland, Eolus OY, which also acquired two wind power projects under development from the project developer Auria Wind OY.
Eolus Vind AB engages in the development, establishment, and operation of wind turbines for electricity generation. The company is headquartered in Hassleholm, Skane. The company went IPO on 2009-05-28. The firm operates as developer of wind power projects, owner and manager of wind turbines and provider of technical and administrative consulting services. As of August 31, 2011, Eolus owned all or part of 30 (27) wind turbines with a total output of 38.6 (33.8) megawatt (MW), with an estimated annual production of about 93 (81) gigawatt (GW). Two of the turbines are located in Estonia and the rest in Sweden. The firm operates through 13 subsidiaries, including Ekovind AB, Eolus Elnat AB, Kattegatt Vindkraft AB, OU Baltic Wind Energy, Vingkraft Hakarp AB and Svenska Vindbolaget AB. In July 2014, it established subsidiary in Finland, Eolus OY, which also acquired two wind power projects under development from the project developer Auria Wind OY.
Strong Quarter: Eolus delivered its second-best quarter ever, with Q4 net sales and profit boosted by a major US project milestone payment.
Major US Project: SEK 705 million milestone payment from the Centennial Flats solar and battery project in Arizona drove results.
Dividend Unchanged: The Board proposes a SEK 2.25 per share dividend for 2024, the same as last year.
New Targets: Eolus set new 2025–2027 goals, focusing on value over volume, including SEK 1.4 billion EBIT and a higher 15% return on equity target.
Active Project Pipeline: Several projects in Sweden, the US, Finland, Latvia, and Spain are advancing, with more sales and construction starts expected in 2024 and 2025.
Sales Model: Eolus remains mostly asset-light but may build select projects through construction for higher value.
Market Headwinds: Offshore wind faces challenges, so Eolus is proceeding cautiously; interest remains strong for onshore wind, solar, and battery projects.
Share Buyback: There is a mandate for share buybacks, but none executed so far due to capital needs; approach may change after the Pome project closes.
