Interim report for the period 1 January - 30 June 2011
Second quarter (1 April - 30 June 2011)
· Net sales during the quarter amounted to MSEK 39.6 (14.5).
· Operating income before depreciation (EBITDA) was MSEK 25.3 (10.8).
· Operating income (EBIT) amounted to MSEK 8.7 (3.1).
· Earnings after tax totalled MSEK 1.3 (-1.9) which corresponds to SEK
0.04 (-0.06) per share.
· Average income per MWh was SEK 823 (725), of which SEK 498 (420) per
MWh refers to electricity and SEK 325 (305) per MWh refers to
electricity certificates.
First half year (1 January - 30 June 2011)
· Net sales during the period amounted to MSEK 80.9 (28.8).
· Wind power production during the period was approximately 4% greater
compared with the last 30 year average according to Danish wind energy
statistics.
· Operating income before depreciation (EBITDA) amounted to MSEK 61.8
(15.0).
· Operating income (EBIT) amounted to MSEK 33.1 (0.7).
· Earnings after tax totalled MSEK 14.8 (-6.8) which is equivalent to
SEK 0.48 (-0.27) per share.
· Average income amounted to SEK 805 (738) per MWh, of which SEK 490
(420) per MWh refers to electricity and SEK 315 (318) per MWh refers to
electricity certificates.
Significant events after the end of the reporting period
· A loan agreement has been signed with DnB NOR regarding financing of
the wind farms in Blekhem, Södra Kärra and Gettnabo (a total of 18
Vestas turbines).
· A purchase option for the acquisition of Jädraås Vindkraft AB has
been extended whilst awaiting final investment decisions.
· Cooperation has been initiated with Platina Partners LLP which
provides Platina with the right to acquire and finance fifty percent of
the Jädraås project.
The above information is such that Arise Windpower AB (publ) is required
to disclose under the Securities Market Act and/or the Financial
Instruments Trading Act. The information was submitted for publication
on 18 February at 07.30 am.
For additional information, please contact
Peter Nygren, CEO, Tel. +46(0)706-300 680
Thomas Johansson, CFO Tel. +46(0)768-211 115
About Arise Windpower
Arise Windpower is one of Sweden's leading companies in onshore wind
power. Arise Windpower's business concept is to sell electricity
generated by the company's own onshore wind turbines. The company is
aiming to have approximately 700 MW (equivalent to approximately 300
wind turbines) in operation or under construction by 2014. In a normal
wind year these are expected to generate approximately 2 TWh of green
electricity. Arise Windpower is listed on NASDAQ OMX Stockholm.
Arise Windpower AB (publ), Box 808, SE-301 18 Halmstad, Sweden, tel. +46
(0)35 20 20 900, org.no. 556274-6726
E-mail: info@arisewindpower.se (info@arisewindpower.se),
www.arisewindpower.se (http://www.arisewindpower.se/)
