Consolidation on track and improved underlying operating profit

Vattenfall presents third quarter 2011

• Net sales rose 1.6% during the third quarter, to SEK 38,276 million (37,665). For the nine-month period January–September, net sales decreased by 17.4% to SEK 130,587 million (158,035).
• Operating profit for the third quarter decreased by 23.7% to SEK 4,447 million (5,829). For the nine-month period January–September, operating profit decreased by 47.6% to SEK 13,050 million (24,907). Excluding items affecting comparability1,operating profit for the first nine months of the year decreased by 32.2% to SEK 20,478 million (30,220).
• The underlying operating profit for the third quarter, i.e., operating profit excluding items affecting comparability and fair valuation of energy derivatives and inventories, improved by 6.8% to SEK 5,950 million (5,571).
• Profit after tax decreased by 23.1% to SEK 1,345 million (SEK 1,749) for the third quarter and by 50.4% to SEK 5,313 million (10,721) for the nine-month period January–September. Excluding items affecting comparability, profit after tax decreased by 36.0% to SEK 10,239 million (15,986) for the first nine months of the year.

1) Items affecting comparability are specified on page 5 in the report.

Q3 report 2011 (new window)