Kategori: Arise

FIRST QUARTER (1 JANUARY – 31 MARCH 2022)

• Net sales for the quarter amounted to MSEK 88 (47).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 61 (23).
• Operating profit (EBIT) was MSEK 46 (7).
• Profit/loss before tax, before items affecting comparability, was MSEK 42 (4) and after items affecting comparability MSEK 37 (-4).
• Profit/loss after tax totalled MSEK 37 (-4), corresponding to SEK 0.90 (-0.12) per share.
• Operating cash flow was MSEK 67 (15) and cash flow after investments amounted to MSEK 47 (8).
• Production generated 100 GWh (82) of green electricity as a result of stronger winds than in the same period previous year.
• Average income from Production was SEK 756 per MWh (463), of which SEK 748 per MWh (450) was from electricity and SEK 7 per MWh (13) was from electricity certificates, including guarantees of origin.
• In February 2022, Arise established a green financing framework that contains criteria for investments exclusively in renewable energy. Arise can include bonds as well as existing and future debt under the green financing framework.
• In March 2022, Markus Larsson was appointed the new CFO of Arise and joined Group management.
• In March 2022, Arise made an investment decision regarding construction of the wind farm project Lebo in Västervik municipality.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• In April 2022, Daniel Cambridge was appointed as the new CCO, responsible for Business Development and M&A. He started his position on 2 May 2022 and joined Group management at the same time.
• In April 2022, Arise signed an asset management agreement with BlackRock regarding wind farms in Finland with an installed capacity of 219 MW.

The Annual Report of Arise AB 2021, is now available on our website www.arise.se

It is sent by post to shareholders who have notified the Company that they wish to receive a copy.

Printed copies of the report can be ordered via info@arise.se.

Arise AB (publ) (”Arise”) has signed an asset management agreement with BlackRock regarding four wind farms in Finland, with an installed capacity of close to 200 MW. In addition to these four wind farms, which are under construction, Arise already manages one of BlackRock’s commissioned wind farms in Finland and the assignment now totals 219 MW.

”We are very proud that BlackRock choses to continue building upon our long-standing relationship and the assignment is an important step in our geographical expansion”, says Per-Erik Eriksson, CEO, Arise AB.

Significantly weaker wind conditions than normal in March resulted in a power production of 21.2 GWh, compared to the month’s budget of 31.1 GWh.

Halmstad, 7 April 2022

ARISE AB (publ)

Daniel Cambridge has been appointed as the new Chief Commercial Officer at Arise AB (publ) (“Arise”) where he will be responsible for new business development and M&A activities. He will take office 2^nd May 2022, when he also will form part of Group Management.

Most recently Daniel Cambridge has been a Director for UK and Irish subsidiaries of ib vogt GmbH, an integrated German solar pv and battery storage developer. Daniel has also, among others, worked as Senior Investment Manager at Foresight Group LLP, working within their Infrastructure team.

”We welcome Daniel as a new member in our Group Management. He is a key recruit in realizing our new strategy to diversify our business in terms of geographies and technology. Daniel´s background and experience is a perfect match for our growth plan”, says Per-Erik Eriksson, CEO, Arise AB.