Power lines across a green field

Vattenfall – interim report, January-March 2023

Financial highlights, January-March 2023

  • Net sales increased by 62% (53% excluding currency effects) to SEK 96,788 million (59,579)
  • Underlying operating profit of SEK 9,545 million (9,504)
  • Operating profit of SEK 16,332 million (12,783)
  • Profit for the period of SEK 11,818 million (6,064)

Business highlights, January-March 2023

  • Lower electricity prices and reduced price area differences.
  • Repair of Ringhals 4 finalised.
  • Completed divestment of the gas-fired power plant Magnum in the Netherlands.
  • Important steps in the feasibility study for building small modular reactors at Ringhals.
  • Final investment decision made for the Bruzaholm onshore wind farm.
  • Completed acquisition of district heating network in the UK.
  • Partnership entered into with the Stromma Group to electrify the company's boat fleet.
  • Continued upgrading of the regional network to meet increasing capacity needs.

The complete interim report and presentation images can be found at 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 Q1 2023

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: 462 836 574#

The information was submitted for publication, through the agency of the contact persons set out below, at 08.00 CEST on April 27 2023. 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:

Johan Sahlqvist, Head of Group Control & Investor Relations +46 72 226 40 51 johan.sahlqvist@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

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