Vattenfall’s first half 2016: Stable operations – impairments due to tough market situation
Owing to lower costs and a stable production Vattenfall’s underlying operating profit improved to approximately SEK 11 billion for the first half of the year. However low electricity prices and margins result in a continued challenging market, which has led to significant impairments, mainly for the lignite operations.January–June summary: · Net sales of SEK 34,482 million (36,115) for the second quarter and SEK 80,411 million (81,492) for the first half of the year · Underlying operating profit of SEK 2,907 million (2,966) for the second quarter and SEK 11,044 million (10,703) for