Interim report for January-September 2020
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Third quarter report
CEO Magnus Hall and CFO Anna Borg comment on Vattenfall’s third quarter results 2020. The press and analyst conference has been broadcast in a live web audiocast. A recorded version is available.
27 October 2020
Financial highlights, January–September 2020
- Net sales decreased by 4% (-5% excluding currency effects) to SEK 114,815 million (120,181)
- Underlying operating profit1 of SEK 17,802 million (16,889)
- Operating profit1 of SEK 10,030 million (19,715)
- Profit for the period of SEK 1,989 million (14,373)
Financial highlights, July–September 2020
- Net sales decreased by 2% (0% excluding currency effects) to SEK 35,375 million (35,938)
- Underlying operating profit1 of SEK 4,818 million (3,594)
- Operating profit1 of SEK 4,743 million (8,677)
- Profit for the period of SEK 3,583 million (6,700)
Business highlights, July–September 2020
- Unusually high hydrological balance puts pressure on Nordic electricity prices
- Inauguration of Princess Ariane wind farm in the Netherlands
- Participation in auction for closure of Moorburg power plant in Hamburg
- Tendering process for the electricity grid in Berlin rejected by the Higher Regional Court. After the end of the quarter, Vattenfall offered to sell the company Stromnetz Berlin to the State of Berlin
- Inauguration of pilot plant for HYBRIT, a partnership project for fossil-free steel production
- Anna Borg named as new President and CEO, effective 1 November
1) See Definitions and calculations of key ratios for definitions of Alternative Performance Measures.
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