Vattenfall's third quarter results 2017

President and CEO Magnus Hall and CFO Stefan Dohler comment on Vattenfall's third quarter results 2017.

 

The press conference for analysts and media was webcast live and is now available on-demand.
Vattenfall on-demand webcast

27 October 2017

Financial development, January–September 2017

  • Net sales decreased by 5% to SEK 96,839 million (101,412)
  • Underlying operating profit1 increased to SEK 16,012 million (14,602)
  • Operating profit1 of SEK 12,626 million (4,178)
  • Profit for the period of SEK 6,690 million (1,790)
  • Electricity generation of 92.2 TWh (86.3)

Financial development, July–September 2017

  • Net sales decreased by 8% to SEK 27,426 million (29,746)
  • Underlying operating profit1 increased to SEK 2,815 million (2,602)
  • Operating profit1 of SEK 2,173 million (2,251)
  • Profit for the period of SEK 789 million (787)
  • Electricity generation of 27.3 TWh (25.2)

1) See Definitions and calculations of key ratios on page 34 for definitions of Alternative Performance Measures.

Business highlights, July–September 2017

  • Growth in onshore wind with investment decision for Wieringermeer (180 MW) and acquisition of a neighbouring project (115 MW)
  • Improved availability in nuclear and completion of yearly revisions
  • Programme launch to increase efficiency in staff functions (SEK 2 billion cost reduction target by 2020)
  • Pushing the transition to electric vehicles through the EV100 initiative
  • Launch of climate smarter energy solutions, InHouse (SE), Haus-Strom (DE) and solar lease (DE, NL)

Presentation slides

Third quarter 2017 presentation slides (PDF 2 MB)

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
or
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: 2017-11-07 16:01