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Year-end report 1 January–31 December 2021

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Fourth QUARTER (1 October–31 December 2021)

  • Net sales for the quarter amounted to MSEK 79 (26).
  • Operating profit/loss before depreciation and amortisation (EBITDA) before items affecting comparability totalled MSEK 46 (1) and after items affecting comparability MSEK 32 (1).
  • Operating profit/loss (EBIT) before items affecting comparability amounted to MSEK 31 (-15) and after items affecting comparability to MSEK 17 (-15).
  • Profit/loss before tax before items affecting comparability was MSEK 28 (-23) and after items affecting comparability MSEK 13 (-41).
  • Profit/loss after tax totalled MSEK 13 (-42), corresponding to SEK 0.33 (-1.17) per share before and SEK 0.33 (-1.17) per share after dilution.
  • Operating cash flow was MSEK 23 (-1) and cash flow after investments amounted to MSEK -10 (-10).
  • Production generated 82 GWh (87) of green electricity. The decrease was primarily due to weaker winds than in the preceding year.
  • Average income from Production was SEK 812 per MWh (202), of which SEK 803 per MWh (199) from electricity and SEK 9 per MWh (3) from electricity certificates, including guarantees of origin, resulting in an increase in the total income from Production to MSEK 67 (18).
  • Per-Erik Eriksson was appointed the new CEO from 11 October 2021, Hans Carlsson was employed as COO and deputy CEO, starting his new position on 1 March 2022, and the recruitment process for a new CFO was initiated, while an interim CFO was contracted.
  • In conjunction with Arise leasing wind farms to a customer between 2013 and 2016, a final non-recurring cost of MSEK 14 occurred, which was charged to the fourth quarter of 2021.

Full-year (1 January–31 December 2021)

  • Net sales for the period amounted to MSEK 278 (130).
  • Operating profit/loss before depreciation and amortisation (EBITDA) before items affecting comparability totalled MSEK 157 (33) and after items affecting comparability MSEK 143 (33).
  • Operating profit/loss (EBIT) before items affecting comparability amounted to MSEK 93 (-37) and after items affecting comparability to MSEK 79 (-37).
  • Profit/loss before tax before items affecting comparability was MSEK 79 (-90) and after items affecting comparability MSEK 58 (-108).
  • Profit/loss after tax totalled MSEK 57 (-108), corresponding to SEK 1.51 (-3.08) per share before and SEK 1.49 (-3.08) per share after dilution.
  • Operating cash flow was MSEK 49 (65) and cash flow after investments amounted to MSEK 19 (31).
  • Production generated 282 GWh (355) of green electricity. The decrease was primarily due to weaker winds than in the preceding year.
  • Average income from Production was SEK 614 per MWh (237), of which SEK 606 per MWh (204) from electricity and SEK 9 per MWh (33) from electricity certificates, including guarantees of origin, resulting in an increase in the total income from Production to MSEK 173 (84).
  • The sale of the Ranasjö- and Salsjöhöjden wind farms – together totalling 242 MW – was finalised, which is expected to have a positive earnings effect of approximately MSEK 135 in total between 2021 and 2024, of which approximately MSEK 55 was recognised in 2021.
  • Arise and Hällefors Tierp Skogar (“HT Skogar”) entered a partnership which can strengthen the electricity supply in Central Sweden. The potential is estimated to amount to more than 1,500 MW of new wind power.
  • The environmental permit for the Kölvallen project, nearly 300 MW, gained legal force and the work on the final planning and procurement of the project is in progress. The aim is to complete the sale of the project during the latter part of the second quarter of 2022.

 

 

 

 

 

Halmstad, 17 February 2022

Arise AB (publ) 

 

For further information, please contact:

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

Linus Hägg, CFO Arise AB, +46 702 448 916

 

 

 

 

 

This information is such information as Arise AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 17 February, 2022.

 

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 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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Arise Q4 2021

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