Arise: Strong Q3 helped by Kölvallen - ABG

EBITDA SEK 713m vs. ABGSCe SEK 718m
Renewable energy project portfolio of >2,600 MW
Conference call at 11.00 CET


Q3’22 results

Arise delivered sales of SEK 917m, which was +8% compared to our forecast of SEK 848m. Group EBITDA came in at SEK 713m, -1% vs. ABGSCe at SEK 718m. Development and Solutions delivered an EBITDA of SEK 706m, +2% compared to ABGSCe at SEK 691m, driven by the sale of Kölvallen (277MW). Own production delivered 52 GWh (ABGSCe 52.2 GWh) with an average realized price of SEK 491/MWh (ABGSCe SEK 824/MWh). EBITDA was SEK 12m vs. ABGSCe SEK 32m. Net profit was SEK 705m, slightly above ABGSCe at SEK 689m.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/arise/Equity-research/2022/11/arise---strong-q3-helped-by-kolvallen/