3rd Quarter Results
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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