Financial highlights, January-March 2025
- Net sales decreased by 11% to SEK 67,960 million (76,499)
- Underlying operating profit decreased by 21% to SEK 8,502 million (10,721)
- Operating profit decreased by 60% to SEK 8,367 million (20,755)
- Profit for the period decreased by 65% to SEK 5,961 million (16,879)
Business highlights, January-March 2025
- Vattenfall made the final investment decision on the Nordlicht 1 and 2 offshore wind farms in the North Sea and purchased the remaining 49% of the shares in the projects
- Vattenfall assesses ownership of district heating operations
- The work with new nuclear continues and Vattenfall is now preparing to send an application for financing according to Swedish the state's risk sharing model
- Vattenfall and Svenska Kraftnät launched a pilot concept to enable faster grid connections
- New power purchase agreement signed with chemicals group LyondellBasell of 450 GWh electricity annually from the Nordlicht 1 offshore wind farm
- Vattenfall secured permits for the Kattegat Syd offshore wind farm in Sweden and the Ourack onshore wind farm in the UK
The complete interim report and presentation images can be found at group.vattenfall.com.
At a live studio broadcast at 09.30 CEST Vattenfall's President and CEO Anna Borg and CFO Kerstin Ahlfont will present the results together with Head of Strategic Development Andreas Regnell.
The broadcast can be found at Vattenfall Q1 2025
To join by telephone, please dial one of the numbers a few minutes before the broadcast starts:
+46 8 505 218 52 (Sweden)
+44 20 3321 5273 (UK)
Telephone conference ID: 519 961 394#
The information was submitted for publication, through the agency of the contact persons set out below, at 08.00 CEST on April 29 2025. This report has been prepared in both Swedish and English versions. In the event of discrepancies between the two versions, the Swedish version shall govern.
For more information, contact:
Johan Sahlqvist, Head of Group Control & Investor Relations +46 72 226 40 51 johan.sahlqvist@vattenfall.com
Johan Sennerö, Press Officer +46 73 046 40 45 johan.senneroe@vattenfall.com
Vattenfall Press Office +46 87 39 50 10 press@vattenfall.com
