Interim report January-September 2016 Rabbalshede Kraft AB (publ)

Third quarter production totaled 104,775 MWh (113,395) · Net sales were KSEK 50,364 (51,899) · EBITDA amounted to KSEK 25,305 (26,903) · EBIT was KSEK 2,868 (-492) · Average income for wind power production was SEK 481/MWh (458), of which electricity accounted for SEK 305/MWh (299) and electricity certificates and guarantees of origin for SEK 176/MWh (159) · During the quarter, the company reduced borrowings for Hud and Töftedal Vind AB

The first nine months, January-September 2016

· Production from the Group’s wind farms in January-September 2016 totaled 316,825 MWh (406,437).
· Net sales amounted to KSEK 144,809 (185,393).
· EBITDA was KSEK 65,601 (119,112).
· Pursuant to IFRIC 21, property tax was expensed for the entire fiscal year at June 30. The effect on the accounts for October–December was KSEK 2 190.
· The company posted EBIT of KSEK -1,607 (43,042).
· Average income for wind power production was SEK 457/MWh (456), of which electricity accounted for SEK 298/MWh (289) and electricity certificates and guarantees of origin for SEK 160/MWh (167).
· Depreciation/amortization was KSEK 67,208 (76,170).
· The company’s result after tax was KSEK -114,778 (-14,442).
· The AGM for the 2015 fiscal year was held on April 1, 2016, in Gothenburg, Sweden.

Significant events

Work on the Lyrestad wind farm, situated in Mariestad and Töreboda municipalities, is proceeding as planned and the farm is scheduled to be commissioned during autumn 2017. The first foundation was molded in September and, in this connection, the company held an information meeting at the farm for landowners and local residents.

During the period, the company reduced borrowings for Hud and Töftedal Vind AB.

Significant events after the end of the period

In early October, the company reduced borrowings for Årjäng NV Vind AB, Årjäng SV Vind AB and Skaveröd/Gurseröd Vind AB. The company has now reduced its borrowings from banks by around 40%. This has been possible as a result of shareholder loans from the company’s principal owner Manor.

On October 20, permits for three 180-meter turbines at the Sköllunga project became legally effective.

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