Interim report for January to September 2019

Third quarter report

CEO Magnus Hall and CFO Anna Borg comment on Vattenfall’s third quarter results 2019. The press and analyst conference has been broadcast in a live webcast and is available on-demand.

29 October 2019

Financial highlights, January–September 2019

  • Net sales increased by 12% (10% excluding currency effects) to SEK 120,181 million (107,071)
  • Underlying operating profit1 of SEK 16,889 million (15,256)
  • Operating profit1 of SEK 19,715 million (13,430)
  • Profit for the period of SEK 14,373 million (8,907)

Financial highlights, July–September 2019

  • Net sales increased by 12% (10% excluding currency effects) to SEK 35,938 million (32,035)
  • Underlying operating profit1 of SEK 3,594 million (2,127)
  • Operating profit1 of SEK 8,677 million (3,680)
  • Profit for the period of SEK 6,700 million (1,782)

Business highlights, July–September 2019

  • Winning tender for the Hollandse Kust Zuid 3 & 4 offshore wind farm in the Netherlands
  • Transfer of district heating operations in Hamburg completed
  • Power-to-Heat facility connected to district heating network in Berlin, enabling the closure of a coal-fired power plant
  • Ringhals 2 operating at reduced output ahead of its final decommissioning at year-end
  • Name change from Nuon to Vattenfall in the Netherlands completed

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 & 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