Interim report January-March 2018, Rabbalshede Kraft AB (publ)

2018-05-17

Service, on March 6, the service business signed a financial management agreement for seven turbines. Rabbalshede Kraft manages a total of 181 turbines, of which 93 are own or co-owned. Business Development, on March 27 two wind power projects, Gärdshyttan and Lönhult, was acquired. Gärdshyttan contains an environmental permit for five wind turbines with a tip hight of 190 meters, located in Askersund municipality, Örebro County. Lönhult contains five wind turbines with a tip height of 210 meters, located in Aneby municipality, Jönköping County. The acquisition of Lönhult is subject to the environmental permit entering legal force · On March 27, project Lursäng entered legal force for 3 wind turbines with a tip height of 200 meters · On January 23, consultations were held regarding updates of the permit for projects Årjäng NV phase II Production, the production for the company's own parks amounted to 115 528 MWh (138 059 MWh), production was adversely affected by weak wind conditions. During the period, the company had a high availability of almost 98 percent

Key figures

+------------------------------------+---------+---------+----------------+
|KSEK  |Q1 2018  |Q1  2017 |Full-year  2017 |
+------------------------------------+---------+---------+----------------+
|Electricity production, MWh  |115 528 |138 059 |509 535 |
+------------------------------------+---------+---------+----------------+
|Net sales  |60 277 |60 672 |234 163 |
+------------------------------------+---------+---------+----------------+
|EBIT   |-273 |2 852 |3 081 |
+------------------------------------+---------+---------+----------------+
|Loss before tax  |-10 694 |-13 798 |-100 114 |
+------------------------------------+---------+---------+----------------+
|Loss for the period   |-10 694 |-13 798 |-100 114 |
+------------------------------------+---------+---------+----------------+
|Debt/equity ratio, multiple  |0,6 |0,7 |0,6 |
+------------------------------------+---------+---------+----------------+
|Cash flow from operating activities |30 011 |7 203 |18 264 |
+------------------------------------+---------+---------+----------------+
|Shareholders’ equity  |1 286 153|1 346 743|1 295 784 |
+------------------------------------+---------+---------+----------------+
|Total assets   |2 197 576|2 368 139|2 201 881 |
+------------------------------------+---------+---------+----------------+

Events after the end of the period 

On May 1, the Femstenaberg project for 8 turbines with a tip height of 200 meters entered legal force
On May 9, two turbines in Hjo and Skara were acquired from Magni Invest, model Vestas V90, 2MW
On May 15, one turbine in Väby outside Falkenberg was acquired, model Vestas V90, 2MW
 

For further information, please contact
Britta Ersman, IR and Financial Manager
Tel. +46 (0) 525-197 18
britta.ersman@rabbalshedekraft.se 

Interim report PDF