Vattenfall’s Year-end report 2016: Transformation towards a sustainable generation portfolio
Key steps were taken in 2016 to shape the new Vattenfall and clarity improved in the regulatory landscape. The company today reports a loss for 2016 mainly attributed to significant impairments already announced in the second quarter and increased provisions. Underlying results improved owing to lower costs and increased earnings from the heat and sales operations.CEO COMMENT:”Entering 2016 a number of fundamental issues needed to be resolved to support the transition of the energy system and to shape the new Vattenfall. Significant progress was made during the year through the lignite