EnergyWatch

Vattenfall earns SEK 1 billion extra

A strong increase in the production of hydropower in Sweden has boosted Vattenfall's result significantly. The company has booked a net result of SEK 4.2 billion (EUR 400 million).

Photo: Vattenfall

Offshore turbines performed better in Sweden over the first quarter of 2018 than in 2017. Nordic electricity prices have also improved slightly, and these two factors helped to pull up Vattenfall's result in the first quarter.

The company booked an underlying operating result of SEK 9.4 billion (EUR 900 million), SEK 1 billion more than in the same quarter last year. The quarter's adjusted result is SEK 4.2 billion, an improvement of SEK 0.4 billion. 

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