ABG har mod betaling udarbejdet denne analyse af Eolus vind:
Report due 20 October
Q4e sales of SEK 450m, EBIT of SEK 87m
Minor changes to estimates due to project deliveries
Q4 expectations
We expect Q4’19/20 will be strong for Eolus Vind, with sales of SEK 450m and EBIT of 87m on a margin of 19.3%. We estimate the delivery of the Bäckhammer and Stigafjellet projects will provide profits of SEK 73m and SEK 23m, respectively. The US Wind Wall project will still not realise any profits in Q4, but as the project was recently sold, we expect to see profits in the current quarter. It is also worth noting that the group decided in August that the financial year should be extended until 31 December; this makes perfect sense, in our opinion, as projects tend to be handed over in the August/September period, which is the current cut-off for the fiscal year.
Generalt om Commissioned Research: Bemærk, at man bør se bort fra eventuelle kursestimater i såkaldt commissioned research, og den underliggende analyse skal også tolkes med forsigtighed, da negative aspekter ikke nødvendigvis fremhæves.
