Kategori: Arise

Arise AB (publ) (“Arise”) today holds its Capital Markets Day in Stockholm. Arise’s CEO Per-Erik Eriksson, together with other representatives of the company, will present an update about Arise’s business as well as introduce financial targets for the company as outlined below.

Financial targets

Project portfolio

> 10,000 MW* by the end of 2025.

Project sales or FID

> 400 MW* in total during 2024-2025.

> 500 MW* per year, on average, during 2026-2028.

EBITDA margin within Production

> 60%

Equity ratio

> 30%

Dividend

> 20% of net profit attributable to Arise’s shareholders.

* Including part-owned projects

“This illustrates our ambitious and profitable growth targets for the coming years. We are well-positioned to deliver on these, primarily due to our successful diversification regarding geography and technology which we start to see results from already. The energy market is characterized by the ongoing green transition and security of supply and will probably be so for decades ahead. We are part of the solution, and we are confident in our ability to create attractive shareholder value in the coming years”, says Arise’s CEO, Per-Erik Eriksson.

Halmstad, 12 September 2023

Arise AB (publ)
For further information, please contact:
Per-Erik Eriksson, CEO, Arise AB, +46 702 409 902

This information is information that 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, on 12 September 2023 at 08.00 CEST.

SECOND QUARTER (1 APRIL – 30 JUNE 2023)

• Net sales for the quarter amounted to MSEK 110 (53).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 69 (25).
• Operating profit (EBIT) was MSEK 53 (10).
• Profit/loss after tax totalled MSEK 36 (-6) and earnings per share to SEK 0.85 (-0.13).
• Operating cash flow was MSEK 60 (67) and cash flow after investments amounted to MSEK -167 (-12).
• Production generated 54 GWh (61) of green electricity with an average income of SEK 947 (675)/MWh.
• Arise completed the previously announced acquisition of approximately 51% of the shares in Pohjan Voima Oy.
• The project portfolio increased by approximately 200 GW. 

FIRST HALF OF THE YEAR (1 JANUARY – 30 JUNE 2023)

• Net sales for the period amounted to MSEK 217 (141).
• Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 145 (86).
• Operating profit (EBIT) totalled MSEK 114 (56).
• Profit after tax totalled MSEK 88 (31) and earnings per share to SEK 2.01 (0.76).
• Operating cash flow was MSEK 90 (134) and cash flow after investments amounted to MSEK -208 (35).
• Production generated 141 GWh (161) of green electricity with an average income of SEK 940 (725)/MWh.

• 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 1.7 GW.
• The project portfolio increased by approximately 2,600 MW.

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

• No significant events have taken place after the end of the reporting period.

 

Halmstad, 18 July 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 second quarter of the year resulted in a power production of 53.9 GWh, compared to the quarter’s budget of 72.1 GWh.

Halmstad, 7 July 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’s interim report 1 January – 30 June 2023 will be released on Tuesday 18 July, 2023 08.00 CEST.

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 Q2 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 29 June, 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