Q4 results
Eolus had Q4 sales of SEK 366m, partly driven by the inital payment from the sale of Centennial Flats, which contributed USD 12m. EBIT was SEK 27m, well below our expectations of SEK 100m. The company has increased its opex by growing the organisation and now has more than 100 employees. Moreover, Öyfjellet reached 95% completion and should contribute SEK ~200m in revenue until fully completed, but we continue to expect no EBIT contribution for the remainder of the project. All in all, this resulted in a net profit of SEK 41m (ABGSCe SEK 79m).
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