Vattenfall’s 2018 January - September interim report
Vattenfall today reports third quarter and first nine months results for 2018.
Financial highlights, January–September 2018
• Net sales increased by 12% (7% excluding currency effects) to SEK 108,776 million (96,772)
• Underlying operating profit of SEK 15,256 million (15,991)
• Operating profit of SEK 13,430 million (12,605)
• Profit for the period of SEK 8,907 million (6,675)
Financial highlights, July–September 2018
• Net sales increased by 19% (12% excluding currency effects) to SEK 32,489 million (27,354)
• Underlying operating profit decreased to SEK 2,127 million (2,757)
• Operating profit of SEK 3,680 million (2,115)
• Profit for the period of SEK 1,782 million (749)
Business highlights, July–September 2018
• Higher electricity generation as a result of higher availability in nuclear power
• Inauguration of European Offshore Wind Deployment Centre (97 MW) in Aberdeen, Scotland
• Long-term agreement with Novo Nordisk and Novozymes for supply of renewable electricity from
Kriegers Flak wind farm
• Power purchase agreement for renewable wind power and balancing services for Aquila Capital’s
Kråktorpet wind farm in Sweden
• New partnerships for charging solutions in the Netherlands and Sweden
• Halving of CO2 emissions in Berlin three years earlier than pledged
• Decision by the Swedish government on new legislation governing electricity grid operators’ revenue
frameworks from 2020 forward
The report and presentation are available on corporate.vattenfall.com.
Vattenfall’s President and CEO Magnus Hall and CFO Anna Borg will present the results at
a press- and analyst conference and live webcast, starting 09.30 CET today.
The presentation and following Q&A session will be held in English.
Link: Webcast - Vattenfall 2018 January-September interim report
To join by telephone please dial any of the following numbers:
+46 (0) 8 5051 0031 (Sweden); +44 (0) 207 107 0613 (UK)
For more information:
Markus Friberg, Head of Media Relations, +46 (0) 70 261 30 84
Johan Sahlqvist, Head of Investor Relations, +46 (0)72 226 40 51
Vattenfall’s Press Office, +46 (0) 8 739 50 10, press@vattenfall.com
This is information is such that Vattenfall AB is obliged to make public in accordance with the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 30 October 2018.
See also
Vattenfall's Annual and Sustainability Report 2023: Continued work for fossil freedom
Vattenfall’s Annual and Sustainability Report for 2023 contains a special focus on offshore wind and new nuclear power – necessary factors for the energy transition as well as Vattenfall's c...
Vattenfall and RWE conclude sale of Norfolk Offshore Wind Zone
Vattenfall has today completed the sale of the Norfolk Offshore Wind Zone to RWE. The agreed purchase price corresponds to an enterprise value of £963 million.
