Vattenfall's interim report for January-March 2021

29 April 2021

Financial highlights, January–March 2021

  • Net sales decreased by 5% (-1% excluding currency effects) to SEK 45,911 million (48,160)
  • Underlying operating profit1 of SEK 12,053 million (10,187)
  • Operating profit1 of SEK 13,385 million (12,313)
  • Profit for the period of SEK 10,423 million (6,900)

Business highlights, January–March 2021

  • Agreement on compensation for nuclear phase-out in Germany
  • Sale of part of production from Hollandse Kust Zuid 1-4 wind farm through long-term Power Purchase Agreement
  • Sale of Grönhult onshore wind power project
  • Start of construction of Vattenfall’s first district heating network in the UK – Brent Cross South in London
  • Start of district heating production at Amsterdam South Connection
  • Favourable ruling by Administrative Court on electricity network companies’ revenue frames for the period 2020-2023
  • HYBRIT – Demonstration plant for production of fossil-free sponge iron planned in Gällivare

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

On-demand webcast

The live webcast for analysts and media is available on-demand. 

On-demand webcast - Vattenfall interim report January-March 2021

For more information, contact:

Johan Sahlqvist, Head of Investor Relations, tel.: +46 (0)8 739 72 51, mob.: +46 (0)72 226 40 51

Markus Friberg, Head of Media Relations, mob.: +46 (0)70 261 30 84

Vattenfall's Press Office, phone +46 (0)8 739 50 10, mail: press@vattenfall.com