Vattenfall – interim report, January-June 2022

Financial highlights, January-June 2022

  • Net sales increased by 34% (31% excluding currency effects) to SEK 107,749 million (80,465)
  • Underlying operating profit of SEK 17,610 million (17,308)
  • Operating profit of SEK 24,513 million (29,595)
  • Profit for the period of SEK 10,295 million (23,635)

Financial highlights, April-June 2022

  • Net sales increased by 39% (36% excluding currency effects) to SEK 48,170 million (34,554)
  • Underlying operating profit of SEK 8,107 million (5,256)
  • Operating profit of SEK 11,730 million (16,210)
  • Profit for the period of SEK 4,231 million (13,212)

Business highlights, April-June 2022

  • Continued high, volatile electricity prices and record-high differences between price areas in the Nordics.
  • Vattenfall's largest onshore wind farm Blakliden Fäbodberget inaugurated, and construction permit for offshore wind power at Swedish Kriegers Flak issued.
  • Strategic review of Berlin district heating business.  
  • Feasibility study to investigate construction of small, modular reactors near Ringhals.
  • Sale of gas-fired Magnum power plant in the Netherlands.
  • Inauguration together with LKAB and SSAB of HYBRIT's pilot plant for storing fossil-free hydrogen.
  • New initiative with Preem to phase out fossil fuels using offshore wind power and hydrogen.
  • New partnership with St1 for developing sustainable aviation fuel.

The complete interim report and presentation images are available on group.vattenfall.com.

At a live audiocast at 09.30 CEST Vattenfall’s President and CEO Anna Borg and CFO Kerstin Ahlfont will present the results together with Head of Strategic Development Andreas Regnell. 

The audiocast can be found at Vattenfall Q2 report .

To join by telephone, please dial one of the numbers a few minutes before the audiocast starts:
 

+46 8 505 218 52 (Sweden)

+44 20 3321 5273 (UK)

Telephone conference ID: 128 085 109 9

Vattenfall AB is obliged to disclose information of this nature under the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication on 22 July 2022 at 08:00 am CEST by the following contact persons.

For more information, contact:
Ruben van Bavel, Head of Group Control & Investor Relations +31 650 126 296 ruben.van.bavel@vattenfall.com
Johan Sennerö, Press Officer +46 73 046 40 45 johan.senneroe@vattenfall.com

Vattenfall's Press Office +46 87 39 50 10 press@vattenfall.com

See also

Anna Borg

First 6 months 2022: Gas market is in focus and emphasises the importance of the energy transition

Vattenfall's underlying results for the first half of the year remained unchanged from last year. In Europe there is a lot of focus on securing gas for the upcoming winter.

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Vattenfall's logo at the entrance to the head office in Solna, Sweden

Vattenfall to present interim report for January-June 2022 on July 22

Vattenfall's interim report for January to June 2022 will be published on Friday July 22 at 08.00 CEST on group.vattenfall.com.

Read the full article

First power from offshore wind farm Hollandse Kust Zuid delivered

The first power from Hollandse Kust Zuid wind farm has been successfully delivered to the Dutch electricity grid.

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