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Year-end report 1 January – 31 December 2019

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Fourth quarter (1 October – 31 December 2019)

  • Net sales for the quarter amounted to MSEK 247 (90).
  • Operating profit/loss before depreciation and amortisation (EBITDA) amounted to MSEK 147 (46).
  • Operating profit/loss (EBIT) totalled MSEK 128 (28).
  • Profit/loss before tax (EBT) amounted to MSEK 108 (5).
  • Profit after tax totalled MSEK 98 (2), corresponding to SEK 2.93 (0.07) per share before dilution and 2.29 (0.07) after dilution.
  • Operating cash flow was MSEK 196 (30).
  • Production from Own wind power operations was 89 GWh (85).
  • Average income from Own wind power operations was SEK 440 per MWh (437), of which SEK 323 per MWh (317) pertained to electricity and SEK 117 per MWh (120) to electricity certificates.
     
  • The 231 MW Skaftåsen project was divested to a fund managed by Foresight with an expected profit of approximately MSEK 210 between 2019 and 2021.

Full-year (1 January – 31 December 2019)

  • Net sales for the period amounted to MSEK 454 (343).
  • Operating profit/loss before depreciation and amortisation excluding associates (adjusted EBITDA) totalled MSEK 217 (191), and including associates (EBITDA) totalled MSEK -56 (191).
  • Operating profit/loss excluding associates (adjusted EBIT) amounted to MSEK 142 (118), and including associates (EBIT) totalled MSEK -131 (118).
  • Operating profit/loss excluding associates (adjusted EBT) amounted to MSEK 60 (28), and including associates (EBT) totalled MSEK -233 (28).
  • Profit/loss after tax excluding associates (adjusted profit/loss after tax) amounted to MSEK 53 (21) and including associates totalled MSEK -235 (21), corresponding to SEK -7.03 (0.64) per share before dilution and SEK -7.03 (0.64) after dilution.
  • Operating cash flow was MSEK 327 (114) and total cash flow was MSEK 305 (-85).
  • Production from Own wind power operations was 333 GWh (295). 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 436 per MWh (512), of which SEK 333 per MWh (344) pertained to electricity and SEK 103 per MWh (169) to electricity certificates.
  • The sale of the company’s participation in the associate Sirocco was completed and the Skaftåsen project was sold.

 
Halmstad 14 February, 2020
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 14 February 2020.

  
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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