Vattenfall's third quarter results 2018

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

The press and analyst conference was broadcasted in a live webcast. A recorded version is now available on-demand.

The on-demand webcast

30 October 2018

Financial highlights, January-September 2018

  • Net sales increased by 12% (7% excluding currency effects) to SEK 108,776 million (96,772)
  • Underlying operating profit1 of SEK 15,256 million (15,991)
  • Operating profit1 of SEK 13,430 million (12,605)
  • Profit for the period of SEK 8,907 million (6,675)

Financial highlights, July-September 2018

  • Net sales increased by 19% (12% excluding currency effects) to SEK 32,489 million (27,354)
  • Underlying operating profit1 decreased to SEK 2,127 million (2,757)
  • Operating profit1 of SEK 3,680 million (2,115)
  • Profit for the period of SEK 1,782 million (749)

Business highlights, July-September 2018

  • Higher electricity generation as a result of higher availability in nuclear power
  • Inauguration of European Offshore Wind Deployment Centre (97 MW) in Aberdeen, Scotland
  • Long-term agreement with Novo Nordisk and Novozymes for supply of renewable electricity from Kriegers Flak wind farm
  • Power purchase agreement for renewable wind power and balancing services for Aquila Capital's Kråktorpet wind farm in Sweden
  • New partnerships for charging solutions in the Netherlands and Sweden
  • Halving of CO2 emissions in Berlin three years earlier than pledged
  • Decision by the Swedish government on new legislation governing electricity grid operators' revenue frameworks from 2020 forward

1) See Definitions and calculations of key ratios on page 38 for definitions of Alternative Performance Measures.

For more information, contact

Johan Sahlqvist, Head of Investor Relations, phone +46 8 739 72 51, cell: +46 72-226 40 51

Markus Friberg, Head of Media Relations Nordic and Corporate, cell: +46 70 261 30 84

or Vattenfall's Press Office, phone: +46 8 739 50 10, press@vattenfall.com

Last updated: 2018-10-30 10:22