Q4 2024 Arise AB Earnings Call Transcript
Key Points
- Arise AB (LTS:0MFA) increased its production capacity by adding 33 megawatts from the Lebo project in 2024.
- The company has a robust development pipeline with 8,850 megawatts, adding 2,000 megawatts in 2024.
- Arise AB (LTS:0MFA) reported a solid operating cash flow of SEK94 million for Q4 2024.
- The company successfully refinanced its debt, reducing annual financing costs and increasing capital allocation flexibility.
- Arise AB (LTS:0MFA) proposed an increased dividend of SEK1.25 per share, reflecting confidence in its financial position.
- Net sales for Q4 2024 decreased to SEK153 million from SEK191 million in the same quarter last year.
- The realized price per megawatt hour dropped to SEK525 from SEK727 in Q4 2023 due to lower wind speeds and market prices.
- The Development segment posted a weaker EBITDA compared to the previous year, impacted by the absence of the Fasikan transaction.
- Operating costs per megawatt in the Production segment were higher due to extraordinary maintenance activities.
- The company incurred a one-time cost of approximately EUR1.6 million related to the redemption of green bonds.
Welcome to the Arise Q4 report 2024. (Operator Instructions)
Now I will hand the conference over to CEO, Erik Eriksson, and CFO, Markus Larsson. Please go ahead.
Thank you very much. This is Per-Erik Eriksson. I will start with a brief intro on Arise. Arise was founded in 2007 and the first company in Sweden to be listed. First company in the sector in Sweden to be listed in 2010 listed on Nasdaq. We are currently some 73 employees in five different countries.
We have three different business segments. You could say that the original Arise was the IPP business, the Production. Currently, we have some 172 megawatts installed. I could also mention that during '24 also added 33 megawatts from Lebo. So we increased the capacity in '24, and this is corresponding to some 430-gigawatt hours annual production.
The second business segment is the Development business. Currently we have some 8,850 megawatts in pipeline. I could mention that we added during '24 some 2,000
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