Vattenfall third quarter: Consolidation on track and improved underlying operating profit
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position.“The lower earnings for the third quarter than the corresponding period a year ago is mainly due to lower fair valuation of energy derivatives and inventories. Underlying profit has improved. During the third quarter Vattenfall delivered on its strategy to improve operational efficiency, consolidate the company’s financial position and focus on the three