Vattenfall's 2017 year-end results

Vattenfall's 2017 year-end financial report has been published. The press conference for analysts and media was webcast live. A recorded version is available.

CEO Magnus Hall and CFO Anna Borg comment on Vattenfall's year-end results 2017.

The press conference for analysts and media was webcast live. A recorded version is available:

Press conference on-demand webcast

7 February 2018 

Financial highlights Q4, October–December 2017

  • Net sales increased by 2% to SEK 38,456 million (37,796)
  • Underlying operating profit increased to SEK 7,311 million (7,095)
  • Operating profit of SEK 6,018 million (-2,841)
  • Profit for the period of SEK 2,881 million (-3,960)

Financial highlights Full Year, January–December 2017

  • Net sales decreased by 3% to SEK 135,295 million (139,208)
  • Underlying operating profit increased to SEK 23,323 million (21,697)
  • Operating profit of SEK 18,644 million (1,337)
  • Profit for the year of SEK 9,571 million (-2,171)
  • The Board proposes a dividend of SEK 2,000 million, corresponding to 24% of profit for the year attributable to owner of the Parent Company

Business highlights, January–December 2017

  • Increased customer base with over 360,000 contracts and expansion of decentralised solutions
  • Full commissioning of the Sandbank offshore wind farm and the Pen y Cymoedd onshore wind farm
  • Phase-out of coal-fired power generation to natural gas in Berlin
  • Progress in partnerships for reduced carbon footprint, e.g. HYBRIT – for fossil-free steel production
  • Strong production across Nordic hydro and nuclear fleet and investment decision for independent core cooling in reactors 3 and 4 at Ringhals
  • Continued investments for improved quality in distribution grids
  • Expansion of charging infrastructure for electric vehicles
  • Strengthened presence in the UK through the acquisition of iSupplyEnergy and market entry for Distribution  

 

For more information, please contact

Johan Sahlqvist, Head of Investor Relations, phone +46 (0) 8 739 72 51, cell +46 (0) 72 226 40 51

Markus Friberg, Head of Media Relations & Editorial Nordic/Corp/EU, cell: +46 (0) 70 261 30 84

Vattenfall's Press Office, telephone: +46 (0) 8 739 50 10, press@vattenfall.com

Facebook: facebook.com/vattenfallpressrum
Twitter: twitter.com/Vattenfall_Se

Last updated: 2018-02-07 10:21