Vattenfall AB Vattenfall - Interim report January-March 2017 (6714D)

TIDM96DV

RNS Number : 6714D

Vattenfall AB

28 April 2017

Vattenfall - Interim report January-March 2017

Business highlights:

-- High availability and production in Swedish nuclear

-- Significant renewables growth following the full commissioning of Sandbank (288 MW) and partial commissioning of Pen y Cymoedd (144 MW of a total of 228 MW)

-- Increase in customer base by about 95,000 contracts and strong Net Promoter Score, NPS, (customer loyalty)

-- Continued investments to improve quality of supply in distribution grids in Germany and Sweden

-- Build out of charging infrastructure for electric vehicles

Financial development:

-- Net sales decreased by 4% to SEK 40,064 million (41,619)

-- Underlying operating profit1 remained unchanged at SEK 8,341 million (8,300)

-- Operating profit1 of SEK 6,024 million (10,199)

-- Profit for the period of SEK 3,782 million (6,820)

-- Electricity generation of 36.6 TWh (34.5)

Please follow the link below to read the full report:

https://corporate.vattenfall.com/investors/financial-reports/

This information is provided by RNS

The company news service from the London Stock Exchange

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April 28, 2017 03:32 ET (07:32 GMT)