Vattenfall – year-end report 2021

Financial highlights, January-December 2021

• Net sales increased by 13% (16% excluding currency effects) to SEK 180,119 million (158,847)
• Underlying operating profit of SEK 31,181 million (25,790)
• Operating profit of SEK 60,271 million (15,276)
• Profit for the period of SEK 48,013 million (7,716)
• The Board of Directors proposes a dividend of SEK 23,414 million   

Financial highlights, October-December 2021

• Net sales increased by 44% (46% excluding currency effects) to SEK 63,529 million (44,032)
• Underlying operating profit of SEK 9,092 million (7,987)
• Operating profit of SEK 7,750 million (5,246)
• Profit for the period of SEK 6,101 million (5,727)

Business highlights, January-December 2021

• Higher electricity prices, but Vattenfall´s achieved prices in the Nordic countries at the same level as last year
• Agreement with the German state regarding compensation for closure of nuclear power affected the results by SEK 11.1 billion in the second quarter
• Agreement on sale of 49.5% of offshore wind farm Hollandse Kust Zuid in the Netherlands
• Sale of Stromnetz Berlin completed on July 1. The purchase price totalled EUR 2.1 billion
• Inauguration of Scandinavia's largest wind farm, Kriegers Flak in Denmark, and final investment decision for the Vesterhav Syd and Nord wind farms
• Green light for expanding final repository of short-lived radioactive waste as well as in January 2022 also for construction of a final repository for spent nuclear fuel
• Tightening of emission-reduction targets to comply with the 1.5-degree target and net-zero emissions by 2040
• First fossil-free steel from HYBRIT and new collaboration with Shell, LanzaTech, and SAS for the development of sustainable aviation fuel

The complete year-end report and presentation images are available on group.vattenfall.com. At a live webcast at 09.30 CET Vattenfall’s President and CEO Anna Borg and CFO Kerstin Ahlfont will present the results together with Head of Strategic Development Andreas Regnell. 

The webcast can be found via following link Vattenfall year-end report January-December 2021 and can also be attended by phoning +46 (0)8 505 100 31.

Vattenfall AB is obliged to disclose information of this nature under the EU Market Abuse Regulation. The information was submitted for publication on 3 February 2022 at 08:00 am CET by the following contact persons.

For more information, contact:

Johan Sahlqvist, Head of Group Control & Investor Relations, +46 72 226 40 51, johan.sahlqvist@vattenfall.com

Henrik Svensson, Press Officer, +46 73 079 70 47, henrik3.svensson@vattenfall.com 

Vattenfall's Press Office, +46 8 739 50 10, press@vattenfall.com