Interim report for January-September 2022

27 October 2022

Financial highlights, January–September 2022

Net sales increased by 38% (34% excluding currency effects) to SEK 160,825 million (116,590)
Underlying operating profit¹ of SEK 23,844 million (22,090)
Operating profit¹ of SEK 36,707 million (52,521)
Profit for the period of SEK 16,980 million (41,912)

Financial highlights, July–September 2022

Net sales increased by 47% (41% excluding currency effects) to SEK 53,076 million (36,125)
Underlying operating profit¹ of SEK 6,232 million (4,782)
Operating profit¹ of SEK 12,192 million (22,926)
Profit for the period of SEK 6,684 million (18,277)

Business highlights, July–September 2022

Turbulent market and continued major price differentials among Nordic price areas
Postponed restart of Ringhals 4 nuclear reactor
Foundation installation completed and delivery of first electricity from offshore wind farm Hollandse Kust Zuid in the Netherlands
Exercised option to continue to develop the offshore wind power project N-7.2 in Germany which is expected to cover the electricity consumption for over one million households
Joint venture with Midlothian Council to invest in low carbon energy solutions in Scotland
Upgrades to regional grid progressing with the inauguration of a regional grid station in Stockholm and detailed planning for a 150-kV transmission line in Luleå

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

Live studio broadcast

Vattenfall's President and CEO Anna Borg and CFO Kerstin Ahlfont presented the results together with Andreas Regnell, Senior Vice President Strategic Development, at a live studio broadcast for analysts and media.

An on-demand version of the studio broadcast is available below.