Vattenfall's interim report for January to June 2021

20 July 2021

Financial highlights, January–June 2021

  • Net sales increased by 1% (5% excluding currency effects) to SEK 80,465 million (79,440)
  • Underlying operating profit1 of SEK 17,308 million (12,982)
  • Operating profit1 of SEK 29,595 million (5,287)
  • Profit for the period of SEK 23,635 million (-1,594)

Financial highlights, April–June 2021

  • Net sales increased by 10% (14% excluding currency effects) to SEK 34,554 million (31,280)
  • Underlying operating profit1 of SEK 5,256 million (2,792)
  • Operating profit1 of SEK 16,210 million (-7,027)
  • Profit for the period of SEK 13,212 million (-8,495)

Business highlights, April–June 2021

  • Agreement on sale of 49.5% of the Hollandse Kust Zuid offshore wind farm
  • Approval by Germany’s Bundestag of compensation for nuclear plant closures which affected results in the second quarter by SEK 11.1 billion
  • Decision by Swedish Parliament on special investment scope for electricity grid investments

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

Important events after the balance sheet date

Sale of electricity distribution business Stromnetz Berlin completed on 1 July. The purchase price was EUR 2.1 billion and the transaction will impact the results in the third quarter.

On-demand audiocast

A recorded version of the audiocast for press and analysts is available.
On-demand audiocast - Vattenfall interim report January - June 2021

For more information, contact

Johan Sahlqvist, Head of Group Control & Investor Relations, +46 (0)8 739 72 51, +46 (0)72 226 40 51

Henrik Svensson, Press Officer, +46 (0)70 271 11 32

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