Vattenfall – interim report, January-September 2022

Financial highlights, January-September 2022

• Net sales increased by 38% (34% excluding currency effects) to SEK 160,825 million (116,590)
• Underlying operating profit of SEK 23,844 million (22,090)
• Operating profit 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 profit of SEK 6,232 million (4,782)
• Operating profit 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.

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

At a live studio broadcast 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 broadcast can be found at  Vattenfall Q3 report 2022

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

+46 8 505 218 52 (Sweden)

+44 20 3321 5273 (UK)

Telephone conference ID: 439 577 351#

The information was submitted for publication, through the agency of the contact persons set out below, at 08.00 CEST on 27 October 2022. This report has been prepared in both Swedish and English versions. In the event of discrepancies between the two versions, the Swedish version shall govern.

For more information, contact:

Ruben van Bavel, Acting 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 Press Office +46 87 39 50 10 press@vattenfall.com

Vattenfall is a leading European energy company, which for more than 100 years has electrified industries, supplied energy to people’s homes and modernised our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation. That's why we are driving the transition to a sustainable energy system through initiatives in renewable production and climate smart energy solutions for our customers. We employ approximately 19,000 people and have operations mainly in Sweden, Germany, the Netherlands, Denmark and the UK. Vattenfall is owned by the Swedish state. For more information: group.vattenfall.com.