INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2018

Third quarter (1 July – 30 September 2018)

  • Net sales for the quarter amounted to MSEK 150 (42).
  • Operating profit before depreciation and amortisation (EBITDA) was MSEK 90 (19), of which associates had an impact of MSEK 0 (0) on the Group. Operating cash flow was MSEK 40 (52).
  • Operating profit (EBIT) was MSEK 72 (-153).
  • Profit before tax amounted to MSEK 53 (-173).
  • Profit after tax totalled MSEK 46 (-173), corresponding to SEK 1.38 (-5.19) per share.
  • Production totalled 128 GWh (107), of which Own wind power operations accounted for 68 GWh (63) and Co-owned wind power operations for 60 GWh (44). Winds were slightly weaker than normal for Own wind power operations but nevertheless stronger than in the preceding year.
  • Average income from Own wind power operations was SEK 575 per MWh (417), of which SEK 367 per MWh (268) pertained to electricity and SEK 209 per MWh (149) to electricity certificates. 
  • The 45 MW Bröcklingeberget project was divested to a fund managed by re:cap global investors with an expected profit of approximately MSEK 70 between 2018 and 2019.
  • The acquisition and subsequent sale was completed of the 37 MW Enviksberget project to a fund managed by BlackRock with an expected profit of about MSEK 40 between 2018 and 2019.
  • Arise exceeded 1,000 MW in total managed wind power capacity by being entrusted with the assignment to manage a 235 MW project for Green Investment Group, part of Macquarie Group.

First nine months (1 January – 30 September 2018) 

  • Net sales for the period amounted to MSEK 253 (197).
  • Operating profit before depreciation and amortisation (EBITDA) was MSEK 144 (91), of which associates had an impact of MSEK 0 (0) on the Group. Operating cash flow was MSEK 84 (65).
  • Operating profit (EBIT) was MSEK 90 (-120).
  • Profit before tax amounted to MSEK 24 (-184).
  • Profit after tax totalled MSEK 19 (-184), corresponding to SEK 0.57 (-5.53) per share.
  • Production totalled 379 GWh (433), of which Own wind power operations accounted for 210 GWh (241) and Co-owned wind power operations for 169 GWh (193). The decrease was due to weaker winds than in the preceding year.
  • Average income from Own wind power operations was SEK 543 per MWh (370), of which SEK 355 per MWh (268) pertained to electricity and SEK 188 per MWh (102) to electricity certificates.

Halmstad 9 November, 2018
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 9 November 2018.

 
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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