Vattenfall's 2022 full-year results

8 February 2023

Financial highlights, January–December 2022

Net sales increased by 33% (28% excluding currency effects) to SEK 239,644 million (180,119)
Underlying operating profit¹ of SEK 37,313 million (31,181)
Operating profit¹ of SEK 12,645 million (60,271)
Profit for the period of SEK 21 million (48,013)
The Board of Directors proposes a dividend of SEK 4,000 million

Financial highlights, October–December 2022

Net sales increased by 24% (18% excluding currency effects) to SEK 78,819 million (63,529)
Underlying operating profit¹ of SEK 13,469 million (9,092)
Operating profit¹ of SEK -24,062 million (7,750)
Profit for the period of SEK -16,959 million (6,101)

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

Business highlights, January–December 2022

Higher electricity prices, but Vattenfall’s achieved prices in the Nordic countries at a lower level compared to last year
Inauguration of Vattenfall's largest onshore wind farm Blakliden Fäbodberget
Inauguration of the biofuel-fired heat plant, Carpe Futurum, in Uppsala
Strategic review of Berlin district heating business
Feasibility study to investigate construction of small modular reactors near Ringhals
Foundation installation completed and delivery of first electricity from offshore wind farm Hollandse Kust Zuid in the Netherlands
Vattenfall gets to build Finland's first large offshore wind farm
Inauguration together with LKAB and SSAB of HYBRIT's pilot plant for storing fossil-free hydrogen

Live studio broadcast

Vattenfall’s President and CEO Anna Borg and CFO Kerstin Ahlfont presented the report and the results together with Andreas Regnell, Senior Vice President Strategic Development, in a live studio broadcast. A recorded version is available below.