OX2 AB (publ) reports its result for the first quarter of 2024 today
April 25, 2024, 08:00
Regulatory
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January-March 2024
• Net sales amounted to SEK 944 million (1,463)
• Operating income amounted to SEK -110 million (102)
• Operating margin amounted to -11.6% (7.0)
• Net income for the period was SEK -58 million (89)
• Earnings per share before and after dilution totalled SEK -0.19 (0.36*)
• Cash flow from operating activities amounted to SEK 125 million (878)
CEO comments
"We have made good progress in our current sales processes and reiterate our forecast of an increased operating income for 2024. During the quarter, we initiated the process of selling another substantial portfolio of onshore wind power in Finland and after the end of the quarter we signed an agreement to sell ourfirst energy storage project in Sweden."
Webcast and telephone conference
A presentation of the company's interim report for the first quarter 2024 will be held today at 10.00 (CEST). If you wish to participate via webcast please use the link below. Via the webcast, there is an opportunity to ask written questions.
OX2 Q1 Report 2024 (financialhearings.com)
If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.
Call Access (financialhearings.com)
For further information, please contact:
Henrik Vikström, Investor Relations Director OX2
+46 709 528 006
henrik.vikstrom@ox2.com
About OX2 AB (publ)
OX2 develops, constructs, and sells renewable energy solutions at scale. 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 projects in onshore and offshore wind, solar, and energy storage, in various phases of development. The company is also active in developing projects based on other renewable energy technologies, such as hydrogen. OX2 is operating on eleven markets in Europe: Sweden, Finland, Estonia, Lithuania, Poland, Romania, France, Spain, Italy, Greece, and Åland. Since 2023 OX2 is also operating in Australia. Sales in 2023 was about 7.8 billion SEK. The company has about 500 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. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-25 08:00 CEST.
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OX2 Q1 2024 ENG 20240425 (1)
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OX2 Q1 2024 ENG 20240425 (1)
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OX2 AB (publ) published this content on
25 April 2024 and is solely responsible for the information contained therein. Distributed by
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OX2 AB is a Sweden-based renewable energy company. The Company develops, builds and manages renewable power generation and sells wind and solar farms using a dedicated, profitable business model that is divided into three phases: Expand, Develop and Deliver. The Expand phase is focused on extending company's business areas into new locations. Develop phase is related to acquiring wind or solar power project. OX2âs delivered product is commissioned wind or solar farms. The Company also offer services for the long-term management, operation and optimisation of farms. OX2 has operations in Sweden, Finland, Poland, France, Lithuania, Norway, Spain, Italy and Romania. The Group has only one operating segment.
OX2 AB 
