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Year-end report for the period 1 January – 31 December 2011

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Fourth quarter (1 October – 31 December 2011)

  • Net sales during the quarter amounted to MSEK 59 (21).
  • Operating income before depreciation (EBITDA) was MSEK 75 (10) of which a total of MSEK 28 (-) refers to development fees from Jädraås.
  • Operating income (EBIT) amounted to MSEK 53 (-2).
  • Earnings before tax amounted to MSEK 40 (-7).
  • Earnings after tax totalled MSEK 28 (-6) which corresponds to SEK 0.88 (neg) per share.
  • Average income per MWh was SEK 680 (762), of which SEK 399 (431) per MWh refers to electricity and SEK 281 (331) per MWh refers to electricity certificates.
  • Together with Platina Partner LLP (”Platina”), Arise acquired the project company Jädraås Vindkraft AB (”JVAB”), with a permit for the construction of up to 116 wind turbines.

Full year (1 January – 31 December 2011)

  • Net sales for the year amounted to MSEK 180 (67).
  • Operating income before depreciation (EBITDA) was MSEK 177 (35) of which a total of MSEK 37 (-) refers to development fees from Jädraås.
  • Operating income (EBIT) amounted to MSEK 104 (-2).
  • Earnings before tax amounted to MSEK 65 (-24).
  • Earnings after tax totalled MSEK 47 (-18) which corresponds to SEK 1.46 (neg) per share.
  • Average income per MWh was SEK 732 (754), of which SEK 432 (429) per MWh refers to electricity and SEK 300 (325) per MWh refers to electricity certificates.
  • Wind power production during the year conformed to the average values over the last 30 years, according to Danish wind energy statistics.

 
Halmstad, 17 February 2012
ARISE WINDPOWER AB (publ)

                            

For further information, please contact:
Peter Nygren, CEO Tel. +46 706-300 680
Thomas Johansson, CFO Tel. +46 768-211 115

The information contained herein constitutes information which Arise Windpower AB is legally required to publish under the Swedish Securities Market Act (SFS 2007:528) and/or the Swedish Financial Instruments Trading Act. The information was released for publication at 08.00 a.m. on 17February.

      

About Arise Windpower
Arise Windpower is one of Sweden’s leading companies in onshore wind power. Its business concept is to sell electricity generated at the company’s own wind turbines. The company’s target is to have about 700 MW (equivalent to about 300 wind turbines) in operation or under construction by 2014. Arise Windpower is listed on NASDAQ OMX Stockholm.

Arise Windpower AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)35 20 20 900, corporate id .no. 556274-6726

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Q4 Year-End Report Arise Windpower

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