Record-high electricity generation from Vattenfall

Despite a challenging year for the energy sector Vattenfall presents a stable 2012 full year underlying operating profit for comparable units. Vattenfall will continue to streamline its operations, strengthen its financial position while maintaining its focus on sustainability.

Figures for year 2012 were:

• Net sales for 2012 decreased by 7.6% to SEK 167,313 million (181,040). For comparable units sales increased by 2%.
• The underlying operating profit decreased by 9.9% to SEK 27,747 million (30,793). The underlying operating profit for comparable units decreased by 1.6%.
• Reported operating profit rose 12.8% to SEK 26,175 million (23,209). Profit for 2011 was affected by net charges of SEK -7.6 billion. Profit for 2012 was affected by capital gains, impairment losses and other items affecting comparability amounting to SEK -1.6 billion, net.
• Profit for the year (after tax) rose 65.4% to SEK 17,224 million (10,416), of which the reduced corporate income tax rate in Sweden contributed SEK 3.5 billion.
• Electricity generation increased by 7.3% in 2012, to 178.9 TWh (166.7). 2012 was record year for Vattenfall’s electricity generation.
• The Board proposes a dividend of SEK 6,774 million, corresponding to 40% of profit for the year after tax. The dividend for 2011 was SEK 4,433 million.

Source: Vattenfall press release