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2022-07-29

Interim report April-June 2022

OX2 AB (publ) reports its result for the second quarter of 2022 today.

April-June 2022

  • Net sales amounted to SEK 1,469 million (950)
  • Operating income amounted to SEK 362 million (48)
  • The operating margin amounted to 24.7% (5.1)
  • Profit for the period totaled SEK 304 million (34)
  • Earnings per share before and after dilution amounted to SEK 1.11 (0.14)
  • Cash flow from operating activities amounted to SEK 1,076 million (220)
  • The project development portfolio grew with 435 MW to 23,864 MW (17,060)
  • Sold project volume amounted to 92 MW (111)

January-June 2022

  • Net sales amounted to SEK 3,090 million (1,953)
  • Operating income amounted to SEK 468 million (73)
  • The operating margin amounted to 15.1% (3.7)
  • Profit for the period totaled SEK 415 million (82)
  • Earnings per share before and after dilution amounted to SEK 1.52 (0.33)
  • Cash flow from operating activities amounted to SEK 894 million (88)
  • Sold project volume amounted to 268 MW (220)

CEO comments

“OX2 had strong operating profit in the quarter, mainly due to project sales alongside solid performance in the construction business. The quarter began with our listing on Nasdaq Stockholm's main list and we are glad to welcome new owners to OX2. We entered a new market, sold our first solar project, handed over two completed wind farms and signed new management contracts for operational wind farms.”

Webcast and telephone conference
A webcast and telephone conference of the company's interim report for the second quarter 2022 will be held today at 10.00 (CEST). The presentation will be given in English.

Link to the webcast: https://tv.streamfabriken.com/ox2-q2-2022

Call information:
SE: +46850558374
UK: +443333009265
US: +16467224957

Ask written questions by email via: ir@ox2.com
Ask questions live by calling one of the telephone numbers above.

Financial calendar
Interim report January-September: 27 October 2022
Interim report January-December: 22 February 2023

For further information, please contact:


Henrik Vikström
Investor Relations Director
+46 70 952 80 06
ir@ox2.com

About OX2 AB (publ)


OX2 develops, constructs, and sells onshore and offshore windfarms and solar PV farms. OX2 also offer management of wind- and solar farms after completion. OX2’s project development portfolio consists of in-house developed as well as acquired wind and solar projects in various phases of development. The company is also active in developing projects based on other renewable energy technologies, such as hydrogen and energy storage. OX2 is operating on eleven markets in Europe: Sweden, Norway, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy and Greece. Sales in 2021 was about 5 billion SEK. The company has almost 300 employees and is headquartered in Stockholm, Sweden. OX2 is listed on Nasdaq Stockholm since 2022. www.ox2.com

This information is information that OX2 is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-07-29 08:00 CEST.

Attachments


Interim Report April June

Författare MFN