Year-end 2013 results
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Vattenfall's year-end results 2013
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Becoming a more sustainable energy provider is a critical part of Vattenfall's strategy.
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Vattenfall is one of Europe's largest generators of electricity and the largest producer of heat. Our main products are electricity, heat and gas.Our strategic direction includes:
Vision and strategy
"We have operations based on six energy sources – it is an important strength that gives us good flexibility and makes us less vulnerable." Øystein Løseth, President and CEO
Vattenfall's total electricity generation amounted to 171.6 TWh .
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Vattenfall at a glance
Vattenfall's R&D contributes to the development of tomorrow's energy system.
Research and development
Becoming a more sustainable energy provider is a critical part of Vattenfall's strategy. This is a long-term commitment and we continuosly take steps to improve our operations. Our strategy consists of three pillars:
Sustainability at Vattenfall
We are developing services and products to help you use energy in a smarter way. We also work to provide more sustainable, flexible and reliable energy supply.
More about smart energy use
We manage different energy sources, technologies and operations that interact with the environment in very different ways. Therefore, environmental consideration is a top priority.
Environment and operations
Safety is core to Vattenfall - we must always act responsibly so that our operations do not interfere with the health and safety of our employees, the public or anyone else who comes into contact with Vattenfall.
Public health and safety
Vattenfall's financial and sustainability targets are intended to ensure that Vattenfall creates value and generates a market rate of return, that the company strives for an efficient capital structure, and that its financial risk is kept at a reasonable level.
On 2 December, 2013, Vattenfall held its annual Capital Markets Day, at its offices at Arenastaden in Solna.
Topics covered included market trends, Vattenfall's market outlook and business & financial strategies.
More about the Capital Markets Day
Higher underlying operating profit – impairment losses in second quarter had negative effect on profit for full year.
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The French energy company GDF Suez is writing down the value of its gas and coal assets by €9.1 billion. The company says the impairments are in response to "serious and long-lasting changes on the energy market". The company is also writing down the value of its goodwill by €5.8 billion.
In a newly published report, Greenpeace claims that European energy utilities have spent their efforts on maintaining businesses mainly based on fossil fuels instead of promoting the introduction of renewable sources of energy.
The coal-fired power plant Moorburg in Hamburg fed electricity to the public grid for the first time at ten o'clock on Friday 28 February.
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Do you want to know what it is like to work at Vattenfall? Explore our work culture, benefit packages, development opportunities, and more.
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Are you at the start or end of your higher education? We have a range of opportunities available to help students and graduates fulfil their potential.
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As electricity generation increases, a need is growing for intelligent and flexible distribution networks.
More about smart grids
The European energy system is about to undergo a major transformation.
More about renewable energy sources and more small-scale generation
Electricity and heat are produced from energy sources and each one of them has a number of advantages and disadvantages.
Read more about electricity and heat production
The end use of energy is normally divided into four sectors: industry, transport, residential as well as commercial and public services.
Facts about energy usage