Vattenfall – January-September 2017 interim report

Financial development, January-September 2017:
• Net sales decreased by 5% to SEK 96,839 million (101,412)
• Underlying operating profit increased to SEK 16,012 million (14,602)
• Operating profit of SEK 12,626 million (4,178)
• Profit for the period of SEK 6,690 million (1,790)
• Electricity generation of 92.2 TWh (86.3)

Financial development, July-September 2017:
• Net sales decreased by 8% to SEK 27,426 million (29,746)
• Underlying operating profit increased to SEK 2,815 million (2,602)
• Operating profit of SEK 2,173 million (2,251)
• Profit for the period of SEK 789 million (787)
• Electricity generation of 27.3 TWh (25.2)

Business highlights, July-September 2017:
• Growth in onshore wind with investment decision for Wieringermeer (180 MW) and acquisition of a neighbouring project (115 MW)
• Improved availability in nuclear and completion of yearly revisions
• Programme launch to increase efficiency in staff functions (SEK 2 billion cost reduction target by 2020)
• Pushing the transition to electric vehicles through the EV100 initiative
• Launch of climate friendly energy solutions, InHouse (SE), Haus-Strom (DE) and solar lease (DE, NL)

The full interim report and presentation slides are available at corporate.vattenfall.com.

At 10.30 CET, today Friday, Vattenfall’s president and CEO Magnus Hall and CFO Stefan Dohler will host the press conference at Vattenfall’s head office. The press conference is broadcasted live on corporate.vattenfall.com. To join by telephone please dial +46 (0) 8 505 100 31 (Sweden) or +44 (0) 207 107 0613 (UK).

For more information, please contact:
Johan Sahlqvist, Head of Investor Relations, phone +46 (0) 8 739 72 51, cell +46 (0) 72 226 40 51
Markus Friberg, Head of Media Relations & Editorial Nordic/Corp/EU, cell: +46 (0) 70 261 30 84
Vattenfall’s Press Office, telephone: +46 (0) 8 739 50 10, press@vattenfall.com

This information is such that Vattenfall is required to make public in accordance with the EU Market Abuse Regulation and/or the Swedish Securities Market Act. The information was submitted for publication, by the agency of the contact persons above, at 09.00 CET on 27 October 2017.

See also

A child in a half-pipe skate ramp

Vattenfall's Annual and Sustainability Report 2020: “Climate progress. It's happening.”

Vattenfall's Annual and Sustainability Report 2020 has now been published. The report describes a year marked by a faster pace in the energy transition despite a tough and exceptional market...

Read the full article
The Storrotliden wind farm in Sweden

Vattenfall issues EUR 500 million green bond

Today, Friday, Vattenfall has issued a new EUR 500 million green senior bond. The issue was oversubscribed by more than 3.5 times. Vattenfall now has three green bonds outstanding with a tot...

Read the full article
Vattenfall’s President and CEO Anna Borg

Year-end report 2020: Resilience and progress during a challenging year

Vattenfall has managed well during 2020. The year-end report shows a stable underlying operating profit despite low electricity prices, lower sales and ongoing pandemic.

[Missing text '/newslistpagetemplate/NewsItemPage' for 'English']