Kategori: Arise

THIRD QUARTER (1 JULY – 30 SEPTEMBER 2023)

• Net sales for the quarter amounted to MSEK 96 (917).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 59 (713).
• Operating profit (EBIT) was MSEK 43 (697).
• Profit after tax totalled MSEK 35 (705) and earnings per share was SEK 0.84 (15.86).
• Operating cash flow was MSEK -47 (792) and cash flow after investments amounted to MSEK -231 (659).
• Production generated 60 GWh (52) of green electricity with an average income of SEK 718 per MWh (496).
• Arise held its Capital Markets Day in September 2023 and presented new financial targets with a focus on profitable growth.
• The earnout payment for project Skaftåsen of MEUR 6.4 was settled in September 2023, of which MEUR 2.5 was recognised during the quarter.
• The project portfolio increased by approximately 160 MW during the quarter.

FIRST NINE MONTHS (1 JANUARY – 30 SEPTEMBER 2023)

• Net sales for the period amounted to MSEK 313 (1,058).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 204 (799).
• Operating profit (EBIT) totalled MSEK 157 (753).
• Profit after tax totalled MSEK 123 (736) and earnings per share was SEK 2.86 (17.74).
• Operating cash flow was MSEK 43 (926) and cash flow after investments amounted to MSEK -439 (694).
• Production generated 201 GWh (213) of green electricity with an average income of SEK 874 per MWh (669).
• In January 2023, Arise signed an agreement with Persson Invest, one of Sweden’s largest private landowners. The agreement pertains to development rights for potential wind power projects on a large portion of Persson Invest’s land, for which the company sees good potential to realise new wind power. According to the assessment from the company, the potential amounts to approximately 500 MW.
• In March 2023, Arise signed an agreement to acquire approximately 51% of the Finnish company Pohjan Voima Oy. Pohjan Voima Oy has developed a well-diversified portfolio of onshore wind and solar projects across Finland, with a project portfolio that at the time of the signing was approximately 1,700 MW.
• The project portfolio increased by approximately 3,200 MW during the period.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• The wind farm project Fasikan was divested in October 2023 to SCA. The total purchase price amounted to approximately MSEK 125, which also includes a variable portion that is dependent on how construction of the project progresses in relation to budget.
• Arise entered into a partnership agreement with SCA in October 2023 to cooperate in the development of wind power in six identified land areas. The estimated total potential amounts to approximately 1,000 MW and the projects will be included in Arise’s project portfolio as early-stage projects. Arise will have a 49% ownership in the projects once they reach ready-to-build status.
• Given the sale of Fasikan and the partnership agreement with SCA, the project portfolio amounts thereafter to approximately 6,800 MW.
• Arise announced in November 2023 that the Board of Directors has decided to utilise the authorisation granted by the Annual General Meeting in May 2023 to repurchase the company’s own shares up to a maximum amount of MSEK 100 until the date of the Annual General Meeting 2024.

 

Halmstad, 15 November 2023
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

The full report (PDF)

Arise’s interim report 1 January – 30 September 2023 will be released on Wednesday 15 November, 2023 08.00 CET. At 11.00 on the same day a webcast and teleconference will be held, hosted by

Per-Erik Eriksson, CEO and Markus Larsson, CFO, who will present the report to the stock market and media. After the presentation those attending will be invited to ask questions.

If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.

Arise Q3 Report 2023 (financialhearings.com)

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

Call Access (financialhearings.com)

Halmstad 30 October, 2023

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”) today entered into a partnership agreement with SCA, Europe’s largest private forest owner, regarding the development of onshore wind power on parts of SCA’s land in Sweden.

The development partnership with SCA is another step in Arise’ focus to deepen cooperations with landowners in the company’s core markets with the aim developing and constructing new wind power. Arise and SCA have identified six concrete land areas with an estimated total potential of approximately 1,000 MW. The identified land areas are believed to have good prospects to realize projects on during the coming 5 – 10 years and contribute to meeting the increasing demand for renewable energy in Northern Sweden. The companies will cooperate in the development phase of the projects, which Arise will have a 49% ownership in once they reach ready-to-build status. The projects will be included in Arise’ project portfolio as early-stage projects.

Per-Erik Eriksson, CEO, Arise AB:

”We are obviously very happy and proud to start a development partnership with SCA. The scope of this partnership implies that we will contribute significantly to the energy transition. It is my firm belief that together we have an exceptionally strong platform to develop onshore wind power in larger scale, which also is of benefit for Swedish industry’s competitiveness”.

Halmstad 20 October 2023

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 entered into an agreement with SCA, Europe’s largest private forest owner, for the sale of the 105 MW wind farm Fasikan (the ”Project”). Closing occured today.

The transaction covers all the shares in Fasikan Vind AB at an enterprise value of approximately SEK 1.6 billion. The project is sold in ready-to-build status at a share purchase price of approximately SEK 125 million. The purchase price includes a variable portion which is dependent upon how construction of the project progresses in relation to budget. Furthermore, Arise will manage the construction in accordance with a construction management agreement.

Nordex will be supplying 15 turbines with a total nominal capacity of 105 MW and the wind farm is expected to be commissioned in the beginning of 2026.

Per-Erik Eriksson, CEO, Arise AB:

”We are very happy to be able to divest Fasikan under current market conditions and are especially happy to do it to SCA which creates conditions for a long and successful collaboration.”

Halmstad 20 October 2023

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

Weaker wind conditions than normal during the third quarter of the year resulted in a power production of 59.8 GWh, compared to the quarter’s budget of 67.0 GWh.

Halmstad, 9 October 2023

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 information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15.00 CEST on 9 October, 2023.

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