Eolus Vind AB interim report April 1 2021 – June 30 2021

Hässleholm, Sweden, August 31^st, 2021

3 Months April 2021 – June 2021

• Net sales 673.1 (409.9) MSEK.
• EBIT 8.2 (64.2) MSEK. Profit before tax -4.3 /16.2) MSEK. Net profit -1.5 (22.9) MSEK.
• Earnings per share, before and after dilution equals -0.06 (0.92) SEK.
• During the period 13 (0) wind turbines were taken into operations with a total installed capacity of 13 (0) MW.
• During the period the equivalent of 13 (1) wind turbines with an installed capacity of 47 (1) MW was handed over to customers.
• At the end of the period Eolus had 921 (687) MW under asset management.
• In May Eolus completed and handed over the repowering project Wind Wall 1 in Tehachapi, California, USA, to Cubico Sustainable Investments. The wind farm is covered by a Power Purchase Agreement (PPA) with Amazon Web Services and has an installed capacity of 47 MW. Eolus will provide asset management services for the wind farm.
• In June Eolus signed an agreement with RWE to acquire two fully permitted wind power projects in Sweden. The projects located in SE3 totals 99 MW and Eolus has initiated the sales process with the ambition to sign an agreement with an investor during the autumn of 2021.
• In June Eolus together with Hydro REIN signed an agreement to acquire the fully permitted wind power project Stor-Skälsjön from Enercon. The project, located in SE2, totals up to 260 MW and is covered by a 12-year Power Purchase Agreement (PPA) with Hydro. The sales process to sell a majority of the shares has been initiated and planned commissioning is during 2023.

6 Months January 2021 – June 2021

• Net sales 914.6 (549.9) MSEK.
• EBIT -21.2 (-58.0) MSEK. Profit before tax -25.4 (-65.2) MSEK. Net profit -18.3 (-40.9) MSEK.
• Earnings per share, before and after dilution equals -0.74 (-1.64) SEK.
• During the four months period 13 (0) wind turbines were taken into operations with a total installed capacity of 47 (0) MW.
• During the four months period the equivalent of 13 (2) wind turbines with an installed capacity of 13 (2) MW was handed over to customers.
• At the end of the period Eolus had 921 (687) MW under asset management.
• Eolus financial year has changed from September 1^st – August 31^st to January 1^st – December 31^st. During the financial year that ended December 31^st 2020 the presented periods where based on a prolonged financial year starting September 1^st 2019. During 2021 the comparative figures will be presented for quarters corresponding to the period in year 2020. It means that comparative periods during 2021 will correspond to interim periods that have not been presented before.

For further information contact:

Per Witalisson, CEO, +46 70-265 16 15
Catharina Persson, CFO, +46 70-932 97 77
Johan Hammarqvist, Head of Communications, +46 720 50 59 11

The information in this press release is disclosed pursuant to the EU Market Abuse Regulation. The information was released for public disclosure through the agency of head of communication Johan Hammarqvist on August 31^st, 2021, at 8.30 AM CET.

About Eolus:
Eolus Vind AB is one of the leading wind power developers in the Nordics. Eolus is active in the whole value chain from development of green field projects to construction and operation of wind farms. Eolus offers attractive and competitive investments in the Nordic and Baltic countries, Poland as well as the United States to both local and international investors. Founded in 1990, Eolus has constructed 666 wind turbines with a capacity of 1 414 MW. Eolus has signed contracts for about 1 400 MW of asset management services of which 921 MW are in operation and the rest under construction.

Eolus Vind AB has 40 000 shareholders. Eolus shares are listed at Nasdaq Stockholm.

For more information about Eolus, please visit www.eolusvind.com

Attachment

• Eolus - Extract of Q2 Report 2021