Vattenfall's 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)

Financial highlights, April–June 2022

  • 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)

Business highlights, April–June 2022

  • 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.

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For more information, contact:

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