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Year-end report 1 January–31 December 2020

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fourth QUARTER (1 October–31 December 2020)

  • Net sales for the quarter amounted to MSEK 26 (247).
  • Operating profit/loss before depreciation and amortisation (EBITDA) totalled MSEK 1 (147).
  • Operating profit/loss (EBIT) was MSEK -15 (128).
  • Comparable profit/loss before tax amounted to MSEK -23 (108) and recognised profit/loss before tax was MSEK -41 (108).
  • Comparable profit/loss after tax amounted to MSEK -24 (98) and recognised profit/loss after tax was MSEK -42 (98), corresponding to SEK -1.17 (2.93) per share before dilution and SEK -1.17 (2.29) per share after dilution.
  • Operating cash flow was MSEK -1 (193).
  • Production from Own wind power operations was 87 GWh (89).
  • Average income from Own wind power operations was SEK 202 per MWh (440), of which SEK 199 per MWh (323) pertained to electricity and SEK 3 per MWh (117) to electricity certificates, including guarantees of origin.
  • Arise successfully refinanced outstanding secured bonds with a green bank loan of MEUR 40. As such, the Group’s annual financing costs will be dramatically reduced from about MSEK 60 to less than MSEK 25, including interest expenses relating to the company’s outstanding convertible bonds, IFRS 16 items and accrued arrangement fees. During the fourth quarter of 2020, a one-off charge arose in connection with the refinancing totalling approximately MSEK -32, which was better than expected due to currency hedging.

full-year (1 January–31 December 2020)

  • Net sales for the period amounted to MSEK 130 (454).
  • Comparable operating profit/loss before depreciation and amortisation (EBITDA) totalled MSEK 33 (217) and recognised operating profit/loss before depreciation and amortisation (EBITDA) amounted to MSEK 33 (-56).
  • Comparable operating profit/loss amounted to MSEK -37 (142) and recognised operating profit/loss (EBIT) amounted to MSEK -37 (-131).
  • Comparable profit/loss before tax amounted to MSEK -90 (60) and recognised profit/loss before tax was MSEK -108 (-233).
  • Comparable profit/loss after tax totalled MSEK -90 (53) and recognised profit/loss after tax amounted to MSEK -108 (-235), corresponding to SEK -3.08 (-7.03) per share before and after dilution.
  • Operating cash flow was MSEK 65 (327).
  • Production from Own wind power operations was 355 GWh (333). The increase was due to stronger wind conditions than in the preceding year.
  • Average income from Own wind power operations was SEK 237 per MWh (436), of which SEK 204 per MWh (333) from electricity and SEK 33 per MWh (103) from electricity certificates, including guarantees of origin.
 

Halmstad, 17 February 2021

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. The information was submitted for publication through the agency of the contact persons set out above, at 08.00 CET on 17 February 2021.

Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se. 


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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Arise Q4 2020

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