Year-end report 1 January–31 December 2024
Satisfactory earnings and growing project portfolio
– expected project sales in 2025
CEO Comment:
Our efforts in Finland and the UK contributed to healthy growth in our project portfolio that increased by approximately 750 MW during the quarter and 2,000 MW during the year, while projects in late developmental phases increased by approximately 450 MW. As such, the company has good possibilities to achieve its financial target of selling a total of 400 MW in 2024 and 2025. We delivered 10% of this target in 2024 and are therefore expecting several project sales in 2025 and expect that Finland and the UK will play an important role in this.
Fourth quarter (1 October–31 December 2024)
- Net sales for the quarter amounted to MSEK 153 (191).
- Operating profit before depreciation and amortisation (EBITDA) was MSEK 47 (82).
- Operating profit (EBIT) was MSEK 24 (65).
- Profit after tax totalled MSEK 33 (77) and earnings per share amounted to SEK 0.86 (1.81).
- Operating cash flow was MSEK 94 (180) and cash flow after investments amounted to MSEK 40 (123).
- Production generated 97 GWh (88) with an average income of SEK 525 per MWh (727).
- The project portfolio increased by approximately 750 MW during the quarter.
|
Selected key figures |
Q4 2024 |
Q4 2023 |
Q4 2022 |
Q4 2021 |
Q4 2020 |
|
Net sales, MSEK |
153 |
191 |
106 |
79 |
26 |
|
EBITDA, MSEK |
47 |
82 |
52 |
32 |
1 |
|
Earnings per share, SEK |
0.86 |
1.81 |
0.80 |
0.33 |
-1.17 |
|
Adjusted equity per share, SEK |
65 |
58 |
57 |
31 |
25 |
|
Equity/assets ratio, % |
57 |
58 |
55 |
45 |
50 |
|
Project portfolio, MW |
~8,850 |
~6,900 |
~3,100 |
~2,600 |
~1,400 |
Full-year (1 January–31 December 2024)
- Net sales for the period amounted to MSEK 470 (503).
- Operating profit before depreciation and amortisation (EBITDA) totalled MSEK 226 (286).
- Operating profit (EBIT) totalled MSEK 144 (223).
- Profit after tax totalled MSEK 172 (200) and earnings per share was SEK 4.26 (4.65).
- Operating cash flow was MSEK 279 (222) and cash flow after investments amounted to MSEK 51
(-316). - Production generated 321 GWh (288) with an average income of SEK 581 per MWh (829).
- The project portfolio increased by almost 2,000 MW during the year.
- The Board proposes a dividend of SEK 1.25 (1.20) per share.
Halmstad, 14 February 2025
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 such information as 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, at 08:00 CET on 14 February 2025.
About Arise
Arise is a leading independent company that realises new green energy. The company develops, builds, sells and manages renewable electricity production. The company is listed on Nasdaq Stockholm.
Arise AB (publ), Linjegatan 7, 302 50 Halmstad, tel. +46 10 450 71 00, org.nr. 556274-6726, E-mail: [email protected], www.arise.se