LAHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
First quarter in brief
- Net sales for the quarter amounted to MSEK 136 (78).
- Operating profit before depreciation and amortisation (EBITDA) amounted to MSEK 40 (70), of which results from associated companies impacted by MSEK 0 (12).
- Profit/loss before tax amounted to MSEK -7 (17).
- Profit/loss after tax amounted to MSEK -3 (15), or SEK -0.08 (0.44) per share.
- Power production totalled 164 (228) GWh, of which 88 (122) GWh refers to Own wind power operations and 76 (106) GWh to Co-owned wind power operations.
- Average income from Own wind power operations was SEK 483 (562) per MWh, of which SEK 353 (408) per MWh refers to electricity and SEK 131 (154) per MWh to electricity certificates.
- The shovel-ready project Solberg of 75 MW project was sold to Fortum.
Significant events after the end of the reporting period
- The Kölvallen project was acquired in its entirety and is expected to comprise about 180 MW when it is constructed.
- Fortum took an investment decision relating to the previously sold Solberg project of 75 MW.
Halmstad 3 May, 2016
ARISE AB (publ)
The information contained herein constitutes information which Arise AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 08.00 a.m. on 3 May 2016.
Arise is one of Sweden´s leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ OMX Stockholm.
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