Vattenfall AB 3rd Quarter Results

RNS Number : 5075K

Vattenfall AB

31 October 2024

 

Vattenfall - interim report

January-September 2024

 

Financial highlights, January-September 2024

·      Net sales decreased by 18% (-18% excluding currency effects) to SEK 177,082 million (216,876)

·      Underlying operating profit of SEK 19,297 million (15,550)

·      Operating profit of SEK 33,828 million (10,930)

·      Profit for the period of SEK 28,296 million (4,737)

Financial highlights, June-September 2024

·      Net sales decreased by 17% (-15% excluding currency effects) to SEK 48,573 million (58,337)

·      Underlying operating profit of SEK 1,372 million (946)

·      Operating profit of SEK 1,213 million (-2,611)

·      Profit for the period of SEK 2,053 million (-2,186)

Business highlights, June-September 2024

·      Inauguration of the offshore wind farms Vesterhav Nord and Syd in Denmark and the onshore wind farm Windplanblauw in the Netherlands

·      Decision to pause the development of the Swedish Kriegers Flak offshore wind power project

·      New power purchase agreement for wind power has been signed with the steel producer Salzgitter in Germany

·      Partnership with Industrikraft initiated to evaluate opportunities for co-investments in new fossil-free power generation in Sweden

·      Final decision from the Energy Market Inspectorate on revenue frames for the regulatory period 2020-2023

The complete interim report and presentation images can be found at group.vattenfall.com.

 

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