Interim Report January- March 2019 Rabbalshede Kraft AB (publ)

Production in the first quarter for the company’s own farms totaled 232 GWh, of which 166 GWh were proprietary and 66 co-owned. Weak winds in January and February resulted in lower production than expected. March concluded with good wind conditions, which put production at normal levels for Q1. Availability of our own and our customers’ wind turbines remained high, around 98 percent. In February, Rabbalshede Kraft acquired the Högen wind farm, which covers an environmental permit of four wind turbines with a tip height of 180 meters. In February, a permit was obtained to construct eight wind turbines with a tip height of 240 meters in the Årjäng NV2 project.Final investment decision was taken for the Gärdshyttan wind farm (five turbines) in end of February concerning a total of 20 MW; construction has begun on this project.Tenders for technical management have been submitted for approximately 40 turbines. A new agreement has been signed with Kungälv Närenergi. As of the new year, the company services two wholly owned windfarms, Brattön and Hud.

- The net sales amounted to KSEK 78,861 (60,277) from January through March 
- EBIT equalled KSEK 17,386 (-273) 
- The loss for the period was KSEK 5,565 (-10,694) 
- The cash flow from operating activities was KSEK 47,231 (30,011) 
- Total assets equaled KSEK 2,320,527 (2,197,576) 

For additional information, please contact:

Fredrik Samuelsson, Energy Trading- and IR Manager
Tel. +46 (0) 525-197 13 | E-mail; fredrik.samuelsson@rabbalshedekraft.se

This is Rabbalshede Kraft
Rabbalshede Kraft AB (publ) plans and establishes proprietary land-based wind farms, in collaboration with other players or for divestment whereby the Company is able to offer operating services. Rabbalshede Kraft was formed in 2005 and currently manages 197 wind turbines of which 105 turbines are own or co-owned. The electricity produced from the Company’s wind farms in operation is sold in the open electricity market, Nord Pool. Follow the Company’s progress at www.rabbalshedekraft.se

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