Interim report for January to March

First quarter results

CEO Magnus Hall and CFO Anna Borg comment on Vattenfall's first quarter results 2019. The press conference was broadcasted live in a live webcast. A recorded version is now available.

25 April 2019

Financial highlights, January–March 2019

  • Net sales increased by 13% (10% excluding currency effects) to SEK 49,552 million (43,860)
  • Underlying operating profit of SEK 9,673 million (9,359)
  • Operating profit1 of SEK 8,168 million (6,975)
  • Profit for the period of SEK 6,420 million (4,158)

Business highlights, January–March 2019

  • Major disruptions after the storm “Alfrida” with related costs of SEK 850 million
  • Decrease in generation partly owing to lower generation at Ringhals 2, where a generator is being replaced
  • Acquisition of sales company DELTA Energie in the Netherlands
  • Production at the coal-fired Hemweg 8 power plant in the Netherlands to end by year-end 2019
  • Commissioning of 170 MW wind power and 6 MW solar power
  • Participation in tender for Hollandse Kust Zuid 3 & 4 in the Netherlands and for a project in Dunkirk, France
  • City of Berlin intends to grant concession for electricity distribution to Berlin Energie

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 & Editorial Nordic/Corp/EU, mob.: +46 (0)70 261 30 84

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