Interim report for the period 1 January – 30 September 2011

Third quarter (1 July – 30 September 2011)

• Net sales during the quarter amounted to MSEK 40.5 (16.7).
• Operating income before depreciation (EBITDA) was MSEK 39.8 (9.8).
• Operating income (EBIT) amounted to MSEK 17.6 (-0.6), of which a total of MSEK 9.1 refers to development fees for Jädraås.
• Earnings after tax totalled MSEK 3.8 (-5.5) which corresponds to SEK 0.12 (-0.18) per share.
• Average income per MWh was SEK 682 (774), of which SEK 381 (444) per MWh refers to electricity and SEK 301 (330) per MWh refers to electricity certificates.

First nine months (1 January – 30 September 2011)

• Net sales during the period amounted to MSEK 121.4 (45.5).
• Wind power production during the period was approximately 4% lower compared with the last 30 year average according to Danish wind energy statistics.
• Operating income before depreciation (EBITDA) amounted to MSEK 101.6 (24.8).
• Operating income (EBIT) amounted to MSEK 50.7 (0.1).
• Earnings after tax totalled MSEK 18.6 (-12.3) which is equivalent to SEK 0.60 (-0.48) per share.
• Average income amounted to SEK 759 (751) per MWh, of which SEK 450 (429) refers to electricity and SEK 310 (322) per MWh refers to electricity certificates.

Significant events after the end of the reporting period

• Together with Platina Partner LLP (”Platina”), Arise acquired the project company Jädraås Vindkraft AB (”JVAB”) with permission to establish 116 wind power turbines in Jädraås, which is located 30 kilometers west of Gävle. The decision on investment has been taken regarding the construction of the first 43 turbines, equivalent to approximately 130 MW. The construction is to take place in a jointly-owned company which is owned to equal amounts by Arise and Platina. Construction is expected to commence on a further 70 MW (23 turbines) after the planned investment decision is taken in the winter of 2011/12. All 66 turbines (200 MW) are fully financed through equity and bank financing. Completely constructed, the project comprises northern Europe’s largest onshore wind power farm with an annual production of 570 GWh renewable electricity, of which half represent Arise’s share.

The above information is such that Arise Windpower AB (publ) is required to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 9 November at 07.30 am.
 

For additional information, please contact
Peter Nygren, CEO, Tel. +46(0)706-300 680
Thomas Johansson, CFO Tel. +46(0)768-211 115

About Arise Windpower
Arise Windpower is one of Sweden’s leading companies in onshore wind power. Arise Windpower’s business concept is to sell electricity generated by the company’s own onshore wind turbines. The company is aiming to have approximately 700 MW (equivalent to approximately 300 wind turbines) in operation or under construction by 2014. In a normal wind year these are expected to generate approximately 2 TWh of green electricity. Arise Windpower is listed on NASDAQ OMX Stockholm.

Arise Windpower AB (publ), Box 808, SE-301 18 Halmstad, Sweden, tel. +46 (0)35 20 20 900, org.no. 556274-6726
E-mail: {0>info@arisewindpower.se, www.arisewindpower.se<}100{>info@arisewindpower.se, www.arisewindpower.se

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