Vattenfall's 2018 full-year results

7 February 2019

Financial highlights, January–December 2018

• Net sales increased by 16% (11% excluding currency effects) to SEK 156,824 million (135,114)
• Underlying operating profit1 of SEK 19,883 million (23,203)
• Operating profit1 of SEK 17,619 million (18,524)
• Profit for the period of SEK 12,007 million (9,484)
• The Board of Directors proposes a dividend of SEK 2,000 million, corresponding to 20% of profit for the year attributable to owner of the Parent Company

Financial highlights, October–December 2018

• Net sales increased by 25% (21% excluding currency effects) to SEK 48,048 million (38,342)
• Underlying operating profit1 decreased to SEK 4,627 million (7,213)
• Operating profit1 of SEK 4,189 million (5,920)
• Profit for the period of SEK 3,100 million (2,811)

Business highlights, January–December 2018

• Record high nuclear power generation
• City of Hamburg exercises its option to buy back Vattenfall's stake in district heating system
• Investment programme of SEK 3.5 billion in Uppsala heating system
• Continued customer growth, mainly driven by German market
• Record high investments in electricity grids in 2018, but new Swedish legislation will curtail future investments
• Important progress in renewable energy with new installed capacity and continued headway for investment projects, including completion of Aberdeen Bay (97 MW) and winningbid for Hollandse Kust Zuid 1 & 2 (~700 MW)

1) See Definitions and calculations of key ratios on page 40 for definitions of Alternative Performance Measures.

For more information, contact:

Johan Sahlqvist, Head of Investor Relations, phone: +46 8 739 72 51, mobile: +46 72-226 40 51
Markus Friberg, Head of Media Relations Nordic and Corporate, mobile: +46 70 261 30 84
Vattenfall's Press Office, phone: +46 8 739 50 10, press@vattenfall.com