INTERIM REPORT 1 JANUARY-30 SEPTEMBER 2017

Third quarter (1 July-30 September 2017)

• Net sales for the quarter amounted to MSEK 42 (77).
• Operating profit before depreciation and amortisation (EBITDA) was MSEK 19 (21), of which associates had an impact of MSEK 0 (0) on the Group. Operating cash flow was MSEK 53 (70).
• A decision was made to recognise impairment of MSEK 152 (0) on the company’s assets in relation to Own wind power operations and Wind power development.
• Underlying EBIT (before impairment) was MSEK -1 (-1). Due to impairment, recognised EBIT was MSEK -153 (-1).
• Loss before tax was MSEK -21 (-22) before, and MSEK -173 (-22) after impairment.
• After impairment, loss after tax amounted to MSEK -173 (-22), corresponding to SEK -5.19 (-0.65) per share.
• Production was 107 GWh (121), of which Own wind power 63 GWh (68) and Co-owned wind power 44 GWh (53). The decrease was due to weaker winds and fewer farms.
• Average income from Own wind power was SEK 417 per MWh (416), of which SEK 268 per MWh (254) pertained to electricity and SEK 149 per MWh (162) to electricity certificates.

First nine months (1 January-30 September 2017) 

• Net sales for the period amounted to MSEK 197 (303).
• Operating profit before depreciation and amortisation (EBITDA) was MSEK 91 (77), of which associates had an impact of MSEK 0 (0) on the Group. Operating cash flow was MSEK 66 (145).
• Underlying EBIT (before impairment) was MSEK 32 (11). Due to impairment, recognised EBIT was MSEK -120 (-1).
• Loss before tax amounted to MSEK -32 (-52) before, and MSEK -184 (-64) after impairment.
• After impairment, loss after tax totalled MSEK -184 (-51), corresponding to SEK -5.53 (-1.54) per share.
• Production totalled 433 GWh (402), of which Own wind power 241 GWh (225) and Co-owned wind power 193 GWh (177). The increase was due to stronger winds than last year.
• Average income from Own wind power was SEK 370 per MWh (434), of which SEK 268 per MWh (290) pertained to electricity and SEK 102 per MWh (144) to electricity certificates. 

Halmstad 10 november, 2017
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 10 November 2017.

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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