Arise AB (publ) (“Arise”) is a Swedish renewable energy company, the business concept is to develop, build and manage onshore wind farms on behalf of investors and its own account.
Arise is Creopretiumʼs first investment project since launch. Creopretium including related parties controls approximately one percent of the capital and votes.1 Creopretium has no board representation but has an active dialogue with the board of directors, other key shareholders and the management team.
Average return on equity over three and six years amounts to –6.6% and –3.9% respectively. The most important task for the CEO Daniel Johansson is to address an unsatisfactory profitability with the goal of making Arise best-in-class in terms of return on equity.
Against the backdrop of poor historical shareholder return, Creopretium as a local operating partner has proposed strategic initiatives including a number of measures for implementation, with the ultimate goal of raising risk-adjusted return on equity and enhance shareholder value.3
Cumulative Total Shareholder Returns to 9 November 2017
since 24 March 2010
since 9 October 2014
since 18 January 2016
Arise AB (publ)
Eolus Vind AB (publ)
SIX Return Index
Source: Creopretium, Infront.
24 March 2010; first day of trading in Arise common stock on the NASDAQ Stockholm Exchange following IPO.
9 October 2014; refined strategy declaration, please refer to press release from Arise AB (publ), “Revised target”.
18 January 2016; Daniel Johansson took office as CEO of Arise AB (publ).
9 November 2017; Arise share price (close) SEK 13.35.
1Including related parties. Source: Arise AB (publ) voting list from the 2016 AGM.