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INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2019

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Third quarter (1 July – 30 September 2019)

  • Net sales for the quarter amounted to MSEK 58 (150).
  • Operating profit/loss before depreciation and amortisation excluding associates (adjusted EBITDA) totalled MSEK 22 (90), and including associates (EBITDA) totalled MSEK 21 (90).
  • Operating profit/loss excluding associates (adjusted EBIT) amounted to MSEK 3 (72), and including associates (EBIT) totalled MSEK 2 (72).
  • Profit/loss before tax excluding associates (adjusted EBT) amounted to MSEK -15 (53), and including associates (EBT) totalled MSEK -16 (53).
  • Profit/loss after tax excluding associates (adjusted profit/loss after tax) amounted to MSEK -15 (46) and including associates totalled MSEK -16 (46), corresponding to SEK -0.48 (1.38) per share before and after dilution.
  • Operating cash flow was MSEK -4 (40).
  • Production from Own wind power operations was 69 GWh (68).
  • Average income from Own wind power operations was SEK 419 per MWh (575), of which SEK 322 per MWh (367) pertained to electricity and SEK 97 per MWh (209) to electricity certificates.

First nine months (1 January – 30 September 2019)

  • Net sales for the period amounted to MSEK 206 (253).
  • Operating profit/loss before depreciation and amortisation excluding associates (adjusted EBITDA) amounted to MSEK 71 (144), and including associates (EBITDA) totalled MSEK -202 (144).
  • Operating profit/loss excluding associates (adjusted EBIT) amounted to MSEK 14 (90), and including associates (EBIT) totalled MSEK -259 (90).
  • Profit/loss before tax excluding associates (adjusted EBT) amounted to MSEK -48 (24), and including associates (EBT) totalled MSEK -341 (24).
  • Profit/loss after tax excluding associates (adjusted profit/loss after tax) amounted to MSEK -45 (19) and including associates totalled MSEK -333 (19), corresponding to SEK -9.96 (0.57) per share before dilution and SEK -9.92 (0.57) after dilution.
  • Operating cash flow was MSEK 131 (84) and total cash flow was MSEK 118 (-94) including cash proceeds from the sale of associates of MSEK 193 (0) and loan repayments of MSEK -146 (-929).
  • Production from Own wind power operations was 245 GWh (210). Production from Co-owned wind power operations ceased in conjunction with the sale of the associate Sirocco.
  • Average income from Own wind power operations was SEK 435 per MWh (543), of which SEK 337 per MWh (355) from electricity and SEK 98 per MWh (188) from electricity certificates.
  • The sale of the company’s participation in the associate Sirocco was completed.

 
Halmstad 8 November, 2019
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 8 November 2019.

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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