Sweden's renewable energy developer Eolus's Q1 sales drop 68%

Eolus AB (publ)

06/05/2026 06:54

Overview

Sweden renewable energy developer's Q1 net sales fell sharply yr/yr, but profit rose

Profit boosted by milestone and project sale payments in the quarter

Board will not propose a dividend for FY 2025 due to company terms

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

MILESTONE PAYMENT - Profit was boosted by a milestone payment triggered by a customer's investment decision in the Fageråsen wind project

PROJECT SALE - Sale of the U.S. Roccasecca battery project generated SEK 605 mln in cash and SEK 295 mln positive impact on earnings

Company press release: ID:nMFN2M8qTH

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 631 mln
Q1 Adjusted EPS
SEK 6.60
Q1 Net Income
SEK 162 mln
Q1 EBIT
SEK 241 mln
Q1 Order Backlog
SEK 219 mln
Q1 Pretax Profit
SEK 231 mln


Analyst Coverage

Wall Street's median 12-month price target for Eolus AB (publ) is SEK71.50, about 62.7% above its May 5 closing price of SEK43.95

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

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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.)