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German nuclear power decision weighs down operating profit by SEK 10.2 billion

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Vattenfall is reporting a lower operating profit for the second quarter, 12.2 SEK billion, mainly due to the German parliament's decision to phase out the country's nuclear power, but also because the company could not repeat the high production and sales volumes it had during the corresponding quarter a year ago.

· Net sales decreased by 18.6% to SEK 40,443 million (49,713) for the second quarter and by 23.3% to SEK 92,311 million (120,370) for the first half of the year.

 

 

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Vattenfall Q2 Øystein Løseth

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