Q2 2025 Eolus AB (publ) Earnings Call Transcript
Key Points
- Eolus AB (publ) (FRA:7EVB) added more than 0.5 gigawatts of projects during the quarter, enhancing its diversified 26 gigawatt portfolio.
- The company successfully sold the 147-megawatt Pienava project to Latvenergo, marking its first project in the Latvian market.
- Eolus AB (publ) secured SEK550 million through a senior secured green bond issue, increasing financial flexibility.
- The company is making progress on securing a Power Purchase Agreement (PPA) for the Fågelås project, which will lock in long-term revenues.
- Eolus AB (publ) has a high equity-to-asset ratio of 59%, indicating a strong financial position.
- Eolus AB (publ) reported an operating loss of SEK74 million for the quarter due to delays in the Pome project.
- The delay in the Pome project, which is 85% complete, negatively impacted expected project margins and operating profit.
- The company faces a persistently slow market for projects in Northern Europe, affecting new transactions.
- Negative foreign exchange effects impacted the operating profit, although there was a positive effect in financial items.
- The divestment market is weak, making it challenging to sell projects like Dålbo, Boarpe, and Fågelås, which are already under construction.
Welcome to the Eolus Q2 2025 earnings call. (Operator Instructions) Now I will hand the conference over to the speakers, CEO, Per Witalisson; and CFO, Catharina Persson. Please go ahead.
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A warm welcome to this presentation of Eolus results for the second quarter of 2025. Your presenters today will be myself, Per Witalisson, CEO; and Catharina Persson, CFO. Eolus is the leading pure-play developer shaping the future of renewable energy. Please note that we, during the second quarter changed the company name from Eolus Vind to just Eolus to reflect that our business targets several renewable techniques and energy storage.
We are positioned to take advantage of structural growth in renewable electricity demand resulting from the worldwide electrification and decarbonization trends. We apply our pure-play business model to create value efficiently in every step of developing our diversified 26 gigawatt portfolio of onshore and offshore wind, solar PV and battery energy
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