Vattenfall's 2018 January-June interim report

President and CEO Magnus Hall and CFO Anna Borg comment on Vattenfall's half-year results 2018.

 

The web audiocast for analysts and media is now available on-demand.

On-demand web audiocast

20 July 2018

Financial highlights, January–June 2018

  • Net sales increased by 10% (6% excluding currency effects) to SEK 76,286 million (69,418)
  • Underlying operating profit of SEK 13,129 million (13,234)
  • Operating profit of SEK 9,750 million (10,490)
  • Profit for the period of SEK 7,125 million (5,926)

Financial highlights, April–June 2018

  • Net sales increased by 9% (4% excluding currency effects) to SEK 31,959 million (29,306)
  • Underlying operating profit decreased to SEK 3,770 million (4,826)
  • Operating profit of SEK 2,775 million (4,399)
  • Profit for the period of SEK 2,967 million (2,097)

Business highlights, April–June 2018

  • Higher electricity generation as a result of increased hydro power generation
  • Construction started on one of Sweden's largest wind farms, Blakliden/Fäbodberget (353 MW)
  • Planned early closure by 2024 of the Hemweg 8 coal-fired power plant in the Netherlands, for reduced CO2 emissions
  • Agreement with Facebook on supply of renewable electricity and power balancing
  • Continued growth in e-vehicle charging solutions through new partnerships and expansion of the InCharge charging network
  • Accelerated pace of investment in electricity grids where the need for renewal and expansion remains great

For more information, please contact

Johan Sahlqvist, Head of Investor Relations, cell +46 (0)72226 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

Last updated: 2018-07-20 10:05