Eolus reported net sales of SEK 1,975m (vs. ABGSCe 2,409m) and EBIT of SEK 164 (vs. ABGSCe 253m). The miss in sales and EBIT is due to lower than anticipated recognised revenues in Pome. In our estimates we had accounted for a higher revenue recognition rate in the quarter. As a result of the sale, Eolus' balance sheet has now been reduced and the project costs under "Projects under construction" have been recognised in the P&L, leading to the high revenues in the quarter. The company also reported the remaining revenues from its Stor-Skälsjön onshore wind project, which was handed over to MEAG and Hydro Rein in March '25.
