Vattenfall’s 2018 January-June interim report

Vattenfall today reports second quarter and first half year results for 2018.

Financial highlights, January–June 2018
• Net sales increased by 10% (6% excluding currency effects) to SEK 76,286 million (69,418)
• Underlying operating profit of SEK 13,129 million (13,234)
• Operating profit of SEK 9,750 million (10,490)
• Profit for the period of SEK 7,125 million (5,926)

Financial highlights, April–June 2018
• Net sales increased by 9% (4% excluding currency effects) to SEK 31,959 million (29,306)
• Underlying operating profit decreased to SEK 3,770 million (4,826)
• Operating profit of SEK 2,775 million (4,399)
• Profit for the period of SEK 2,967 million (2,097)

Business highlights, April–June 2018
• Higher electricity generation as a result of increased hydro power generation
• Construction started on one of Sweden’s largest wind farms, Blakliden/Fäbodberget (353 MW)
• Planned early closure by 2024 of the Hemweg 8 coal-fired power plant in the Netherlands, for reduced CO
2
emissions
• Agreement with Facebook on supply of renewable electricity and power balancing
• Continued growth in e-vehicle charging solutions through new partnerships and expansion of the InCharge charging network
• Accelerated pace of investment in electricity grids where the need for renewal and expansion remains great

The report and presentation are available on corporate.vattenfall.com.

Vattenfall’s President and CEO Magnus Hall and CFO Anna Borg will present the result at a live audiocast for analysts and media, starting 09.30 CEST today.
The presentation and following Q&A session will be held in English.

Link: Audiocast - Vattenfall 2018 January-June interim report 


To join by telephone please dial any of the following numbers:

  • +46 (0) 8 5051 0031 (Sweden)

  • +44 (0) 207 107 0613 (UK) 

For more information:
Markus Friberg, Head of Media Relations, +46 (0) 70 261 30 84
Johan Sahlqvist, Head of Investor Relations, +46 (0)72 226 40 51

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

This is information is such that Vattenfall AB is obliged to make public in accordance with the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CEST on 20 July 2018.

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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.