Författare: Isabella

Our diversification brings results – sale of the largest battery project in the Nordics to date

CEO Comment:

 

We are pleased to state that our investment in Finland through the acquisition of Pohjan Voima is beginning to bring results with the sale of the Pysäysperä battery project corresponding to a full 125 MW, which is the largest of its kind in the Nordics to date. The earnings effect will come in the second quarter in conjunction with closing. The second payment for our first BESS sale, Pajkölen, has now been paid according to plan and expectations. The company is continuing to deliver on our strategy, and we have also commenced project development in Germany, focusing on battery storage. We have now taken further steps towards achieving our financial target of carrying out project sales corresponding to a total of 400 MW for 2024 and 2025.

First quarter (1 January–31 March 2025)

• Net sales for the quarter amounted to MSEK 85 (112).
• Operating profit before depreciation and amortisation (EBITDA) was MSEK 24 (71).
• Exchange rate effects during the quarter impacted EBITDA by an amount corresponding to approximately MSEK -18.
• Operating profit (EBIT) was MSEK 2 (54).
• Recognised profit/loss after tax totalled MSEK -19 (46) and earnings per share was SEK -0.39 (1.14).
• Adjusted for non-recurring costs of MSEK -19 related to the company’s refinancing, profit after tax totalled MSEK 0 and earnings per share amounted to SEK 0.07.
• Operating cash flow was MSEK 26 (117) and cash flow after investments amounted to MSEK -10 (54).
• Production generated 91 GWh (90) with an average income of SEK 555 per MWh (746).
• The project portfolio increased by almost 150 MW during the quarter.

 

1)  Adjusted for non-recurring costs related to the company’s refinancing.

 

Significant events during the quarter

• In January, Arise entered into a facilities agreement with DNB regarding a green term facility of approximately MEUR 52 and a green revolving facility of MEUR 40 and announced that the company will redeem all outstanding green bonds of MEUR 50. The new agreement leads to a significant reduction of the company’s financing costs. The bonds were redeemed on 31 January.
• In January, Arise announced that the Board of Directors had resolved to once again utilise the authorisation granted by the 2024 Annual General Meeting to repurchase the company’s own ordinary shares. The company intends to repurchase its own shares for an amount of up to MSEK 50 until the date of the 2025 Annual General Meeting. Under this share buyback programme, 273,704 own shares were repurchased for approximately MSEK 10 during the quarter.
• Arise subsidiary Pohjan Voima entered into an agreement with Alpiq AG for the sale of the Pysäysperä battery project with a capacity of 125 MW. The total cash consideration amounts to MEUR 6.7, which will be received upon closing. Closing is conditional upon certain approvals from authorities and is expected to take place in the second quarter of 2025.

Significant events after the end of the reporting period

• In April, Arise announced that the grid connection for the Pajkölen project had been completed. The conditions were thereby fulfilled for the second part of the purchase price, which amounted to approximately MSEK 15 and was received by Arise in the same month.

 

Halmstad, 29 April 2025

Arise AB (publ)

 

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, +46 735 321 776

Arise AB (publ) (“Arise”) has today, through its Finnish subsidiary Pohjan Voima Oy, entered into an agreement with Alpiq AG, a leading Swiss electricity producer and energy service provider, for the sale of the Pysäysperä battery project. The transaction entails all outstanding shares in Pysäysperän Sähkövarasto Oy.

Pysäysperä, located in central Finland, is expected to be one of the country’s largest BESS assets once constructed, with a capacity of 125 MW. The project also benefits from a fast-track grid connection to Fingrid’s substation in Haapajärvi.

The total cash consideration amounts to EUR 6.7 million, which will be received upon closing. Closing is conditional upon certain approvals from authorities and is expected to take place in the second quarter of 2025.

Per-Erik Eriksson, CEO, Arise:

”We are very pleased with this transaction, marking our second battery transaction in short period and our first in Finland. Our colleagues at Pohjan Voima have done an excellent job, bringing this project from concept to completion in just over a year. Furthermore, we see that these battery projects typically have a shorter development cycle which complements our wind and solar pipeline which typically have longer lead times. We continue to expand our pipeline with battery projects across our markets.”

Halmstad, 25 March 2025

ARISE AB (publ)

For further information, please contact:

Per-Erik Eriksson, CEO Arise AB, +46 702 409 902

Markus Larsson, CFO Arise AB, + 46 735 321 776

This information is such information as Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:00 CET on 25 March 2025.

About Arise

Arise is  a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on Nasdaq Stockholm.

Arise AB (publ), Linjegatan 7, SE-302 50 Halmstad, Sweden, telephone 46 (0)10 450 71 00, corporate id .no. 556274-6726. E-mail info@arise.se, www.arise.se

Ahead of the 2025 Annual General Meeting, Arise AB presents the Nomination Committee’s proposal for a new composition of the Board of Directors. All members of the Board of Directors are proposed for re-election, and Erik Rune and Mia Bodin are proposed as new ordinary members of the Board of Directors. Joachim Gahm is proposed to be elected as Chairman of the Board of Directors.

The Nomination Committee proposes that:

• the Board of Directors shall consist of six ordinary board members;
• Joachim Gahm, Johan Damne, Mikael Schoultz and P-G Persson shall be re-elected as ordinary board members;
• Erik Rune and Mia Bodin shall be elected as new ordinary board members; and
• Joachim Gahm shall be re-elected as Chairman of the Board of Directors.

Erik Rune, born 1973, is since 2024 the CEO of Claesson & Anderzén. Erik has many years of experience in the real estate industry and has previously been, among other things, CEO of Holmströmgruppen and Managing Director of London & Regional Properties’ Nordic operations. He has also worked with real estate financing at SEB and Eurohypo.

Other ongoing assignments: Board member of BZK Grain Alliance AB, CA Fastigheter Aktiebolag (publ), Rebellion Capital AB, Boet Bostad Holding AB (publ) and Lyvia Group AB (publ).

Education: Master of Science (Economics and Business) from Stockholm School of Economics.

Shareholding in Arise AB: Erik Rune owns no shares in the company and is considered to be independent in relation to the company and its senior management.

Mia Bodin, born 1977, is co-founder of Bodecker Partners and has more than 20 years’ experience of energy markets. Mia has, among other things, worked several years as the leading analyst for EU ETS emission allowances, Nordic power and environmental instruments at Modity Energy Trading and at E.ON in Sweden and Germany. At Bodecker Partners, Mia is responsible for long-term market analysis and PPA advisory for investors in large-scale renewable electricity production and climate-transitioning industry, and the hydrogen/PtX sectors.

Other ongoing assignments: Board member of Bodecker Partners AB, Golem AB, Maginum Capital Management AB (not active), Svensk Vindenergi Ekonomisk förening and Urdar Advise AB. Deputy board member of Nordiska Elbolaget AB (not active).

Education: Master of Science (Business Administration) from Stockholm University.

Shareholding in Arise AB: Mia Bodin owns no shares in the company and is considered to be independent in relation to the company and its senior management as well as in relation to major shareholders.

The Nomination Committee’s other proposals and motivations will be presented in connection with the publication of the notice to the 2025 Annual General Meeting. The Annual General Meeting takes place on May 7, 2025 at Hotel Tylösand.

The Nomination Committee for the 2025 Annual General Meeting consists of:

• Johan Claesson (Chairman), representing own holdings and through company;
• Lars Hagerud, representing AltoCumulus Asset Management;
• Peter Lundkvist, representing Tredje AP-fonden;
• Marcus Neckmar, representing Andra AP-fonden; and
• Joachim Gahm, Chairman of the Board of Directors.

Halmstad March 6, 2025

Arise AB (publ)

For further information, please contact

Joachim Gahm, Chairman of the Board of Directors, Arise AB, +46 708 752 755

This information was submitted for publication, through the agency of the contact person set out above, at 14.30 CET on 6 March 2025.

About Arise

Arise is  a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on Nasdaq Stockholm.

Arise AB (publ), Linjegatan 7, SE-301 50 Halmstad, Sweden, telephone 46 (0)10 450 71 00, corporate id .no. 556274-6726. E-mail info@arise.se, www.arise.se