Vattenfall – year-end report 2024
Financial highlights, January-December 2024
- Net sales decreased by 15% to SEK 245,570 million (290,168).
- Underlying operating profit of SEK 19,828 million (20,005).
- Operating profit of SEK 38,851 million (16,991).
- Profit for the period of SEK 33,380 million (10,395).
- The Board of Directors proposes a dividend of SEK 7 billion.
Financial highlights, October-December 2024
- Net sales decreased by 7% to SEK 68,488 million (73,292).
- Underlying operating profit of SEK 531 million (4,455).
- Operating profit of SEK 5,023 million (6,061).
- Profit for the period of SEK 5,084 million (5,657).
Business highlights, January-December 2024
- The sale of the heat business in Germany to the State of Berlin was completed.
- Vattenfall sold the Norfolk Offshore Wind Zone in the UK.
- Strengthened partnership with BASF through sale of 49% of the German offshore wind farms Nordlicht I and II.
- Directional decision to extend the operating time of the nuclear power plants Forsmark and Ringhals reactors from 60 to 80 years.
- Vattenfall took steps to enable new nuclear at Ringhals including evaluation of suppliers and investing conditions for construction.
- Vattenfall and Copenhagen Infrastructure Partners won the tender of the IJmuiden Ver Beta (Zeevonk) offshore wind farm in the Netherlands.
The complete interim report and presentation images are available on group.vattenfall.com.
At a live studio broadcast at 09.30 CET 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 2024 year-end report
To join by telephone, please dial one of the numbers before the broadcast starts:
+46 8 505 218 52 (Sweden)
+44 20 3321 5273 (UK)
Telephone conference ID: 499 681 986#
For more information, please 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
Full-year report: A strong result despite significantly lower market prices
Electricity prices continued to fall in 2024. Still, Vattenfall reports a stable underlying operating profit driven by higher achieved prices in the Nordics and an increased wind power gener...
Third quarter 2024: Continued good profit development and new steps towards fossil freedom
Despite a year characterised by falling electricity prices, Vattenfall reports a higher operating profit for the first nine months of the year, mainly due to higher achieved prices in the No...
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...