Sweden's Eolus Q2 revenue drops sharply on lack of project transactions

Eolus AB (publ)

27/08/2026 07:01

Overview
Sweden renewable energy developer's Q2 revenue fell sharply yr/yr to SEK 12 mln
Company posted Q2 net loss of SEK 60 mln, with EPS at SEK -2.40

Outlook
Company expects milestone payments from Centennial Flats to boost Q3 2026 operating profit and cash flow

Result Drivers
ASSET MANAGEMENT CONTRIBUTION - Co said Asset Management operations contributed positively to earnings and delivered stable earnings
PROJECT REJECTION - Swedish government rejected two Eolus offshore wind projects, affecting capitalized costs
COST REDUCTIONS - Co said the result reflected continued cost reductions in line with its cost-saving programme
NO REVENUE RECOGNITION - Co said no project qualified for progressive revenue recognition based on degree of completion

Company press release: ID:nMFN76MMqK

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 12 mln
 
Q2 Net Loss
 
SEK 60 mln
 
Q2 EBIT
 
-SEK 64 mln
 
Q2 Order Backlog
 
SEK 510 mln
 
Q2 Pretax Loss
 
SEK 73 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Eolus AB (publ) is SEK83.75, about 89.1% above its August 26 closing price of SEK44.30
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Reuters Recommended Reads
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Aug 26 - China's CGN New Energy H1 profit halves on weak wind projects
Aug 25 - Denmark's Cadeler H1 revenue more than doubles on fleet growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)