Large impairment losses – further cost-cutting and strategic review
Vattenfall reports a third quarter operating loss as a result of impairment charges of SEK 23.1 billion and a continued difficult market situation. Vattenfall is now raising its cost-cutting target for next year and conducting a further review of its investment programme. Parallel with this, a strategic review is being initiated.Period in summary · Net sales amounted to SEK 34,734 million (37,057) for the quarter and SEK 117,220 million (125,097) for the nine-month period. · The underlying operating profit was SEK 2,750 million (4,074) for the quarter and SEK 15,911 million (21,129)