Delivering according to strategy during a demanding year
Vattenfall presents the results for full year 2011:• Net sales in 2011 decreased by 15.2%, to SEK 181,040 million (217,572). • The cost-cutting programme is proceeding better than planned. • Sales of assets totalled SEK 23 billion, of which SEK 16 billion was received in 2011. • Operating profit decreased by 22.3% to SEK 23,209 million (29,853). Profit was charged with SEK 10.5 billion as a result of the German decision to phase out the country's nuclear power. • Underlying operating profit (1) for 2011 decreased by 16.4%, to SEK 30,793 million (36,838), mainly as a result of