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Interim report 1 January – 30 June 2020

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Second quarter (1 April – 30 June 2020)

  • Net sales for the quarter amounted to MSEK 30 (67).
  • Operating profit/loss before depreciation and amortisation (EBITDA) totalled MSEK 6 (9).
  • Operating profit/loss (EBIT) was MSEK -12 (-10).
  • Profit/loss before tax amounted to MSEK -28 (-30).
  • Profit/loss after tax totalled MSEK -27 (-29), corresponding to SEK -0.80 (-0.87) per share before and after dilution.
  • Operating cash flow was MSEK 6 (98).
  • Production from Own wind power operations was 75 GWh (73). The increase was due to stronger wind conditions than in the preceding year.
  • Average income from Own wind power operations was SEK 175 per MWh (394), of which SEK 156 per MWh (313) from electricity and SEK 19 per MWh (81) from electricity certificates, including guarantees of origin.

FIRST half of the year (1 January – 30 June 2020)

  • Net sales for the period amounted to MSEK 80 (148).
  • Operating profit/loss before depreciation and amortisation excluding associates (adjusted EBITDA) totalled MSEK 32 (49), and including associates (EBITDA) totalled MSEK 32 (-223).
  • Operating profit/loss excluding associates (adjusted EBIT) amounted to MSEK -6 (11), and including associates (EBIT) totalled MSEK -6 (-261).
  • Profit/loss before tax excluding associates (adjusted EBT) amounted to MSEK -35 (-33), and including associates (EBT) totalled MSEK -35 (-324).
  • Profit/loss after tax excluding associates (adjusted loss after tax) amounted to MSEK -34 (-30) and including associates totalled MSEK -34 (-317), corresponding to SEK -1.01 (-9.48) per share before dilution and SEK -1.01 (-9.40) per share after dilution.
  • Operating cash flow was MSEK 16 (139).
  • Production from Own wind power operations was 199 GWh (175). The increase was due to stronger wind conditions than in the preceding year.
  • Average income from Own wind power operations was SEK 262 per MWh (441), of which SEK 206 per MWh (342) from electricity and SEK 56 per MWh (99) from electricity certificates, including guarantees of origin.

Significant events after the end of the reporting period

  • Following an in-depth technical analysis performed by a third party, the expected economic lifetime for the company’s own wind farms will increase from an average of 25 years to approximately 30 years. This is expected to result in about a MSEK 9 decrease in depreciation annually, starting in August 2020.

Halmstad, 17 July 2020

ARISE AB (publ)                                       

For further information, please contact
Daniel Johansson, VD Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916

This information is information that Arise AB 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 08.00 CET on 17 July 2020.

Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se. 

About Arise
Arise is one of Sweden's leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.

Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)10 450 71 00, corporate id. no. 556274-6726
E-mail info@arise.se, www.arise.se

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