Vattenfall's first quarter results 2018

Vattenfall's first quarter financial report 2018 has been published. A press conference for analysts and media started at 09.30 CEST and was broadcasted live on the web. A recorded version is now available on the web.

President and CEO Magnus Hall and CFO Anna Borg comment on Vattenfall's first quarter results 2018.

 

A recorded version is now available:

Press conference on-demand webcast

26 April 2018

Financial highlights, January–March 2018

  • Net sales increased by 11% to SEK 44,328 million (40,112)
  • Underlying operating profit increased to SEK 9,359 million (8,408)
  • Operating profit of SEK 6,975 million (6,091)
  • Profit for the period of SEK 4,158 million (3,829)
  • The Annual General Meeting resolved in favour of a dividend of SEK 2,000 million for the 2017 financial year

Business highlights, January–March 2018

  • Higher total electricity generation as a result of increased hydro power generation
  • Strong performance for sales operations
  • Decrease in generation and lower margins for coal- and gas-fired power
  • Winning bid for first non-subsidised offshore wind farm, Hollandse Kust Zuid, in the Netherlands
  • Installation of wind turbines in Aberdeen with the world's largest turbine capacity and innovative foundations
  • Stable security of supply as a result of preventive maintenance and network investments

Presentation slides

Q1 2018 presentation slides (PDF 2 MB)

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: 2018-04-26 11:21