Interim report for the period 1 January - 30 June 2010

Second quarter (1 April - 30 June 2010)

  • Net sales during the period were TSEK 14,538 (6,042).
  • The operating result before depreciation (EBITDA) was TSEK 10,819 (-2,582).
  • The operating result (EBIT) was TSEK 3,124 (-4,757).
  • Earnings after tax were TSEK -1,891 (-1,108), which corresponds to SEK -0.06 (-0.08) per share.
  • The average income per MWh was SEK 725 (745), of which SEK 420 (512) refers to electricity and SEK 305 (233) refers to electricity certificates.
  • A one-off gain relating to the sale of the power grid station in Knäred had a positive impact on earnings of approximately SEK 4.7 million.
  • The expansion target for 2010 has largely been achieved (approx. 70 MW compared with a target of 75 MW). Construction of the remaining 5 MW is scheduled to begin in autumn 2010.

The first half (1 January - 30 June 2010)

  • Net sales during the period were TSEK 28,831 (6,480).
  • The wind energy content of the wind during the period was about 20 per cent below the average for the last 30 years, according to Danish wind energy figures.
  • The operating result before depreciation (EBITDA) was TSEK 14,965 (-7,454).
  • The operating result (EBIT) was TSEK 698 (-9,957).
  • Earnings after tax were TSEK -6,797 (-4,278), which corresponds to SEK -0.27 (-0.29) per share.
  • The average income per MWh was SEK 738 (735), of which SEK 420 (522) refers to electricity and SEK 318 (213) refers to electricity certificates.

Significant events after the end of the reporting period

  • The company has signed a loan agreement with Nordea for loan funding of the Idhult wind farm (8 Vestas turbines) and of the company's crane and related equipment.
  • A decision has been made to increase capacity at the Fröslida wind farm by a further 7.5 MW.

For additional information, please contact
Peter Nygren, CEO, Tel. +46(0)706-300 680
Thomas Johansson, CFO, Tel +46 (0)768-211115
Bo Rydlinger, IR Tel. 0703-300 853

A conference call will be held at 15.30. The dial-in number for the conference call is: Sweden dial in number: +46 (0)8 50 336 434 UK dial in number: +44 (0)1452 555 566 Conference ID: 95818387 Please call a few minutes before the scheduled start time to receive instructions from the operator. Presentation material for the conference call will be available at
http://intercallemea.stream57.com/20100825AriseWindpower

After the meeting a recording of the presentation will be available at the same link.

(C) Copyright 2010 Arise Windpower EN All rights reserved

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