Vattenfall AB Vattenfall's 2018 January-June interim report (2983V)

TIDM96DV

RNS Number : 2983V

Vattenfall AB

20 July 2018

Press release

20 July 2018

Vattenfall's 2018 January-June interim report

Vattenfall today reports second quarter and first half year results for 2018.

Financial highlights, January-June 2018

-- Net sales increased by 10% (6% excluding currency effects) to SEK 76,286 million (69,418)

-- Underlying operating profit of SEK 13,129 million (13,234)

-- Operating profit of SEK 9,750 million (10,490)

-- Profit for the period of SEK 7,125 million (5,926)

Financial highlights, April-June 2018

-- Net sales increased by 9% (4% excluding currency effects) to SEK 31,959 million (29,306)

-- Underlying operating profit decreased to SEK 3,770 million (4,826)

-- Operating profit of SEK 2,775 million (4,399)

-- Profit for the period of SEK 2,967 million (2,097)

Business highlights, April-June 2018

-- Higher electricity generation as a result of increased hydro power generation

-- Construction started on one of Sweden's largest wind farms, Blakliden/Fäbodberget (353 MW)

-- Planned early closure by 2024 of the Hemweg 8 coal-fired power plant in the Netherlands, for reduced CO(2) emissions

-- Agreement with Facebook on supply of renewable electricity and power balancing

-- Continued growth in e-vehicle charging solutions through new partnerships and expansion of the InCharge charging network

-- Accelerated pace of investment in electricity grids where the need for renewal and expansion remains great

The report and presentation are available on corporate.vattenfall.com.

Vattenfall's President and CEO Magnus Hall and CFO Anna Borg will present the result at a live audiocast for analysts and media, starting 09.30 CEST today. The presentation and following Q&A session will be held in English.

Link: Audiocast - Vattenfall 2018 January-June interim report

To join by telephone please dial any of the following numbers:

   --      [phone] (Sweden) 
   --      [phone] (UK) 

Vattenfall's 2018 January-June interim report:

http://www.rns-pdf.londonstockexchange.com/rns/2983V_1-2018-7-20.pdf

For more information:

Markus Friberg, Head of Media Relations, [phone]

Johan Sahlqvist, Head of Investor Relations, [phone]

Vattenfall's Press Office, [phone], [e-mail]

This is information is such that Vattenfall AB is obliged to make public in accordance with the EU Market Abuse Regulation and the Swedish Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CEST on 20 July 2018.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

IR PGUUUMUPRUBU

(END) Dow Jones Newswires

July 20, 2018 05:04 ET (09:04 GMT)