Vattenfall – Year-End Report 2017

Financial highlights Q4, October–December 2017

  • Net sales increased by 2% to SEK 38,456 million (37,796)
  • Underlying operating profitincreased to SEK 7,311 million (7,095)
  • Operating profit of SEK 6,018 million (-2,841)
  • Profit for the period of SEK 2,881 million (-3,960)

Financial highlights Full Year, January–December 2017

  • Net sales decreased by 3% to SEK 135,295 million (139,208)
  • Underlying operating profitincreased to SEK 23,323 million (21,697)
  • Operating profit of SEK 18,644 million (1,337)
  • Profit for the year of SEK 9,571 million (-2,171)
  • The Board proposes a dividend of SEK 2,000 million, corresponding to 24% of profit for the year  attributable to owner of the Parent Company

Business highlights, January–December 2017

  • Increased customer base with over 360,000 contracts and expansion of decentralised solutions 
  • Full commissioning of the Sandbank offshore wind farm and the Pen y Cymoedd onshore wind farm 
  • Phase-out of coal-fired power generation to natural gas in Berlin 
  • Progress in partnerships for reduced carbon footprint, e.g. HYBRIT – for fossil-free steel production 
  • Strong production across Nordic hydro and nuclear fleet and investment decision for independent core cooling in reactors 3 and 4 at Ringhals 
  • Continued investments for improved quality in distribution grids
  • Expansion of charging infrastructure for electric vehicles
  • Strengthened presence in the UK through the acquisition of iSupplyEnergy and market entry for Distribution

The full Year-End Report and presentation slides are available at corporate.vattenfall.com.

At 09.30 CET, today Wednesday, Vattenfall’s President and CEO Magnus Hall and CFO Anna Borg will host the press conference at Vattenfall’s head office. The press conference is broadcasted live on corporate.vattenfall.com . To join by telephone please dial:
Sweden: +46 (0) 8 505 100 31, UK:
+44 (0) 207 107 0613

This information is such that Vattenfall is required to make public in accordance with the EU Market Abuse Regulation and/or the Swedish Securities Market Act. The information was submitted for publication, by the agency of the contact persons above, at 08.00 CET on 7 February 2018. This press release has been prepared in both Swedish and English versions. In the event of discrepancies between the two versions, the Swedish version shall govern. 

Vattenfall’s Press Office, telephone: +46 (0) 8 739 50 10, press@vattenfall.com
 

Vattenfall is a Swedish, state owned energy company with around 20,000 employees with operations in Sweden, Germany, the Netherlands, Denmark, UK and Finland. Vattenfall focuses on growth in business areas that drive the transition to a renewable energy system and has the objective to become leading in sustainable energy production and thereby secure a reliable and cost effective energy supply.

About Us

Vattenfall’s vision is to be a leading European energy company. Vattenfall’s main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers in the Nordic countries and northern Europe. The major customers are industrial plants, energy companies, municipalities, property companies and housing associations. For further information, please see www.vattenfall.com. The media service section, including a picture archive and Vattenfall’s press releases, can be found under News & Comments.

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