Higher underlying operating profit – impairment losses in second quarter had negative effect on profit for full year
Despite challenging market conditions Vattenfall grew its 2013 underlying operating profit. Electricity generation rose, with a high level of availability especially for nuclear power, and further reductions were made in operating expenses. However, net profit for the year experienced a severe negative impact from impairment losses.Summary January–December 2013 · Net sales rose 2.6% to SEK 171,684 million (167,313). · The underlying operating profit rose 1.3% to SEK 27,900 million (27,530). · Operating profit amounted to SEK -6,453 million (25,958). Profit was charged with SEK 30.