Vattenfall – interim report, January-June 2024
Financial highlights, January-June 2024
- Net sales decreased by 19% to SEK 128,509 million (158,539)
- Underlying operating profit increased 23% to SEK 17,925 million (14,604)
- Operating profit of SEK 32,615 million (13,541)
- Profit for the period of SEK 26,244 million (6,923)
Financial highlights, April-June 2024
- Net sales decreased by 16% (15% excluding currency effects) to SEK 52,010 million (61,750)
- Underlying operating profit decreased 20% to SEK 4,041 million (5,057)
- Operating profit of SEK 11,860 million (-2,791)
- Profit for the period of SEK 9,365 million (-4,895)
Business highlights, April-June 2024
- Vattenfall and Copenhagen Infrastructure Partners have won the tender of IJmuiden Ver Beta offshore wind farm in the Netherlands
- Strengthened partnership through sale of 49% of the Germany offshore wind farms Nordlicht I and II to BASF
- Directional decision to extend the lifetime of Forsmark and Ringhals reactors from 60 to 80 years
- Vattenfall has taken the next step for new nuclear power at Ringhals by proceeding with two out of six evaluated suppliers of small modular reactors
- The sale of the heat business in Germany to the State of Berlin is completed
The complete interim report and presentation images can be found at group.vattenfall.com.
At a live studio 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 January-June 2024
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: 846 153 826#
This information is such that Vattenfall AB is required to make public in accordance with the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out below, at 08.00 CEST on July 19 2024.
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
See also
First six months 2024: Positive development during the first half year
Vattenfall is developing positively, and reports a satisfactory result for the first half year. Increased generation contributed positively, and we are continuously working to further improv...
First quarter 2024: Good result development despite lower electricity prices
Vattenfall has had a solid start to 2024 with a good result development despite lower electricity prices. During the quarter, we completed the sale of three wind power projects off the coast...
Full-year report: Strategic divestments strengthen Vattenfall's preparedness for the future
Electricity prices dropped significantly during 2023, which had a major impact on Vattenfall's earnings. Through strategic divestments of the heating operations in Berlin and our wind power ...