Third quarter (1 July – 30 September 2014)
· Net sales during the quarter amounted to MSEK 45 (41).
· Operating profit before depreciation (EBITDA) amounted to MSEK 22 (25) of
which MSEK -15 (-12) represented Arise’s share of profits in associated
companies (after depreciation/amortisation,
interest expenses and tax).
· Profit/loss before tax amounted to MSEK -33 (-15), including non-recurring
items of MSEK -3 (-).
· Profit/loss after tax amounted to MSEK -29 (-15) equivalent to SEK -0.86 (
-0.44) per share.
· Power production amounted to GWh 117 (103), of which the segment Own wind
power operations produced 79 (54) GWh and Co-owned wind power operations
produced 38 (49) GWh.
· Average income from Own wind power operations amounted to SEK 569 (759) per
MWh with SEK 338 (476) per MWh from electricity and SEK 231 (284) per MWh from
electricity certificates.
· The Company's overall goal has changed from that of expanding its operations
to achieving a good return on the operations.
· The unsecured bond loan of MSEK 350 has been re-financed on largely
identical terms.
First nine months (1 January – 30 September 2014)
· Net sales for the first half year amounted to MSEK 162 (143).
· Operating profit before depreciation (EBITDA) amounted to MSEK 92 (123), of
which MSEK -28 (3) represented Arise’s share of profits in the associated
company owning the Jädraås project, (after depreciation/amortisation, interest
expenses and tax).
· Profit/loss before tax amounted to MSEK -50 (1) including non-recurring
items totalling MSEK -12(-).
· Profit/loss after tax amounted to MSEK -45 (1), equivalent to SEK -1.35
(0.04) per share.
· Power production amounted to 441 (363) GWh, divided between Own wind power
operations,
276 (204) GWh and Co-owned wind power operations, 165 (160) GWh.
· Average income from Own wind power operations totalled SEK 587 (704) per
MWh, with SEK 365 (420) per MWh from electricity and SEK 222 (283) per MWh from
electricity certificates.
Significant events after the end of the reporting period
· The wind farm, Brotorp, which is comprised of 14 turbines with a total
output of 46.2 MW and which is ready for construction has been sold to
BlackRock. The construction of the wind farm will start forthwith with Arise as
project leader during the construction phase and as manager during the operating
phase.
Halmstad 12 November, 2014
ARISE AB (publ)
For further information, please contact
Peter Nygren, CEO Arise AB, +46 706 300 680
Thomas Johansson, CFO Arise AB, +46 768 211 115
The information contained herein constitutes information which Arise AB is
legally required to publish under the Swedish Securities Market Act (2007:528)
and/or the Swedish Financial Instruments Trading Act (1991:980). The information
was released for publication at 08.00 a.m. on 12 November 2014.
About Arise
Arise is one of Sweden's leading onshore wind power companies. The company´s
business concept is to develop, build and manage wind farms for its own and
investors´ account with the aim of selling electricity produced by onshore wind
turbines. Arise is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)35
20 20 900, corporate id .no. 556274-6726 E-mail info@arise.se, www.arise.se
