Windevo AB publishes interim report for the three-month period July – September, 2018

• Net sales for the third quarter 2018 amounted to SEK 12.2 million vs. SEK 6.9 million budgeted and SEK 9.9 million in Q3 2017 (as reported by former Aligera Group).
• Operating profit before depreciation and amortization (EBITDA) was SEK 8.1 million vs. SEK 3.6 million budgeted and SEK - 6.4 million in Q3 2017 (as reported by former Aligera Group).
• Production for the third quarter totaled 13.4 GWh, which was 9% higher than the third quarter 2017, but 14% behind budgeted P50 production.

“I am happy to present Windevo’s first quarterly report since our acquisition of the operating assets formerly held by the Aligera Group. Our financial performance in Q3 by far exceeded the budget set prior to the acquisition”, Windevo’s CEO Claes Jonson, comments.

“Production in July and August was much below our plans, due to the unusually warm and stable weather. However, the September production was well above normal, which brought the quarterly production nearly in line with our budget. Price development for electricity and certificates was very favorable in the period, which led to a financially strong performance despite the minor production shortfall. We still have some technical challenges with some of the turbines we acquired, but our planned ambitious repair- and retrofit projects are making good progress. The availability of the turbines is increasing every month, and we expect this positive trend to continue.”, Claes Jonson concludes.

The full quarterly report will be made available through Stamdata (www.stamdata.com) and will be distributed by Nordic Trustee to directly registered bond holders. In addition, it will soon be available at Windevo’s homepage (www.windevo.se). Investors with registered holdings of bonds issued by Windevo are also welcome at any time to request reports directly from Windevo by emailing claes@windevo.se.

A telephone conference with a presentation of Windevo and the quarterly report will be held on December 10, 2018, at 14:00 CET. The presentation will be held in English by our CEO Claes Jonson and will be followed by a Q&A session. Participants are requested to contact Claes Jonson at claes@windevo.se prior to the teleconference, to receive necessary call-in details.

For further information, please contact

Claes Jonson, CEO

Mobile: +46 705 812549
E-mail: claes@windevo.se

Claes Jonson, CEO
claes@windevo.se
+46 705 812549

Windevo AB
Grev Turegatan 7
114 46 Stockholm
Sweden