Interim report 1 January – 31 March 2022

First QUARTER (1 January – 31 March 2022)

• Net sales for the quarter amounted to MSEK 88 (47).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 61 (23).
• Operating profit (EBIT) was MSEK 46 (7).
• Profit/loss before tax, before items affecting comparability, was MSEK 42 (4) and after items affecting comparability MSEK 37 (-4).
• Profit/loss after tax totalled MSEK 37 (-4), corresponding to SEK 0.90 (-0.12) per share.
• Operating cash flow was MSEK 67 (15) and cash flow after investments amounted to MSEK 47 (8).
• Production generated 100 GWh (82) of green electricity as a result of stronger winds than in the same period previous year.
• Average income from Production was SEK 756 per MWh (463), of which SEK 748 per MWh (450) was from electricity and SEK 7 per MWh (13) was from electricity certificates, including guarantees of origin.
• In February 2022, Arise established a green financing framework that contains criteria for investments exclusively in renewable energy. Arise can include bonds as well as existing and future debt under the green financing framework.
• In March 2022, Markus Larsson was appointed the new CFO of Arise and joined Group management.
• In March 2022, Arise made an investment decision regarding construction of the wind farm project Lebo in Västervik municipality. 

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• In April 2022, Daniel Cambridge was appointed as the new CCO, responsible for Business Development and M&A. He started his position on 2 May 2022 and joined Group management at the same time.
• In April 2022, Arise signed an asset management agreement with BlackRock regarding wind farms in Finland with an installed capacity of 219 MW.

Halmstad, 4 May 2022

Arise AB (publ)

 
For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, + 46 735 321 776
 

This information is such information as Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on 4 May, 2022.

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About Arise
Arise is a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on NASDAQ Stockholm.

Arise AB (publ), Box 808, 301 18 Halmstad, tel. +46 10 450 71 00, org.nr. 556274-6726, E-mail: info@arise.se, www.arise.se

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