Vattenfall AB Vattenfall's 2018 January-June interim report (2983V)
20 Juli 2018 - 11:04AM
UK Regulatory
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:
-- +46 (0) 8 5051 0031 (Sweden)
-- +44 (0) 207 107 0613 (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, +46 (0) 70 261 30
84
Johan Sahlqvist, Head of Investor Relations, +46 (0)72 226 40
51
Vattenfall's Press Office, +46 (0) 8 739 50 10,
press@vattenfall.com
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 rns@lseg.com or visit www.rns.com.
END
IR PGUUUMUPRUBU
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