Interim report for January-June 2022

22 July 2022

Financial highlights, January–June 2022

Net sales increased by 34% (31% excluding currency effects) to SEK 107,749 million (80,465)
Underlying operating profit¹ of SEK 17,610 million (17,308)
Operating profit¹ of SEK 24,513 million (29,595)
Profit for the period of SEK 10,295 million (23,635)

Net sales increased by 39% (36% excluding currency effects) to SEK 48,170 million (34,554)
Underlying operating profit¹ of SEK 8,107 million (5,256)
Operating profit¹ of SEK 11,730 million (16,210)
Profit for the period of SEK 4,231 million (13,212)

Continued high, volatile electricity prices and record-high differences between price areas in the Nordics
Vattenfall's largest onshore wind farm Blakliden Fäbodberget inaugurated, and construction permit for offshore wind power at Swedish Kriegers Flak issued
Strategic review of Berlin district heating business
Feasibility study to investigate construction of small modular reactors near Ringhals
Sale of gas-fired Magnum power plant in the Netherlands
Inauguration together with LKAB and SSAB of HYBRIT's pilot plant for storing fossil-free hydrogen
New initiative with Preem to phase out fossil fuels using offshore wind power and hydrogen
New partnership with St1 for developing sustainable aviation fuel.

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

Ruben van Bavel, Head of Group Control & Investor Relations, +31 650 126 296

Johan Sennerö, Press Officer, +46 (0)73 046 40 45

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