Interim report for January-March 2023

27 April 2023

Financial highlights, January–March 2023

Net sales increased by 62% (53% excluding currency effects) to SEK 96,788 million (59,579)
Underlying operating profit¹ of SEK 9,545 million (9,504)
Operating profit¹ of SEK 16,332 million (12,783)
Profit for the period of SEK 11,818 million (6,064)

Business highlights, January–March 2023

Lower electricity prices and reduced price area differences
Repair of Ringhals 4 finalised
Completed divestment of the gas-fired power plant Magnum in the Netherlands
Important steps in the feasibility study for building small modular reactors at Ringhals
Final investment decision made for the Bruzaholm onshore wind farm
Completed acquisition of district heating network in the UK
Partnership entered into with the Stromma Group to electrify the company's boat fleet
Continued upgrading of the regional network to meet increasing capacity needs

^{1) See Definitions and calculations of key ratios for definitions of Alternative Performance Measures.}

Studio broadcast

Vattenfall's President and CEO Anna Borg and CFO Kerstin Ahlfont presented the results together with Andreas Regnell, Senior Vice President Strategic Development, in a live studio broadcast. A recorded version is available below.