Vattenfall’s 2014 year-end report: Continued efficiency improvement and shift towards renewable energy production
In 2014 Vattenfall continued to consolidate its operations and shift its production towards more renewables. In a challenging market, earnings were weighed down by impairment losses, but were positively affected by lower costs through continued efficiency improvements. An overhaul of Vattenfall’s future strategy was initiated, and a new Group structure will take effect on 1 April.· Net sales amounted to SEK 165,945 million (172,253) for the full year and SEK 48,725 million (47,156) for the fourth quarter. · The underlying operating profit was SEK 24,133 million (28,135) for the full year,