Interim report
Page 1
Business highlights , July - September 2021 • Higher electricity prices owing to a lower hydrological balance , lower wind speeds , and higher prices for fuel and CO₂ emission allowances ● Interim report January - September 2021 Significant one - off effects had a positive impact on the profit for the period . Higher electricity and gas prices resulted in temporary high cash inflows due to increased margin calls received • Sale of Stromnetz Berlin completed on 1 July . The purchase price was EUR 2.1 billion VATTENFALL Inauguration of Scandinavia's largest wind farm , Kriegers Flak in Denmark • Strong increase in producers and customers wanting to connect to the electricity grid • Customer growth and expansion in e - vehicle charging solutions in Germany and the Netherlands KEY DATA • Continued steps to enable the expansion of district heating networks in Amsterdam and London Amounts in SEK million unless indicated otherwise Net sales Operating profit before depreciation , amortisation and impairment losses ( EBITDA ) ¹ Operating profit ( EBIT ) ¹ Underlying EBIT¹ Profit for the period Electricity generation , TWh Sales of electricity , TWh² - of which , customer sales Sales of heat , TWh Sales of gas , TWh Return on capital employed , % ¹ FFO / adjusted net debt , % ¹ Financial highlights , January - September 2021 • Net sales increased by 2 % ( 5 % excluding currency effects ) to SEK 116,590 million ( 114,815 ) Underlying operating profit¹ of SEK 22,090 million ( 17,802 ) Operating profit¹ of SEK 52,521 million ( 10,030 ) • Profit for the period of SEK 41,912 million ( 1,989 ) Financial highlights , July - September 2021 • Net sales increased by 2 % ( 4 % excluding currency effects ) to SEK 36,125 million ( 35,375 ) Underlying operating profit¹ of SEK 4,782 million ( 4,818 ) Operating profit¹ of SEK 22,926 million ( 4,743 ) • Profit for the period of SEK 18,277 million ( 3,583 ) ● ● ● ● Jan - Sep 2021 116 590 65 565 52 521 22 090 41 912 80.6 123.2 88.5 10.5 39.8 22.4 3 3 182.7 Jan - Sep Jul - Sep Jul - Sep 2020 2021 114 815 36 125 2020 35 375 34 387 10 030 17 802 1 989 82.2 120.1 86.6 9.3 37.9 4.7 3 3 27.9 1 ) See Definitions and calculations of key ratios for definitions of Alternative Performance Measures . 2 ) Sales of electricity also include sales to Nord Pool Spot and deliveries to minority shareholders . 3 ) Last 12 - month values . 27 293 22 926 4 782 18 277 1 VATTENFALL INTERIM REPORT JANUARY - SEPTEMBER 2021 21.8 37.8 28.2 1.3 5.3 22.4 3 182.7 3 9 235 4 743 4 818 3 583 25.0 37.9 26.9 1.4 5.9 4.7 3 3 27.9 Full year 2020 158 847 46 507 15 276 25 790 7 716 112.8 164.1 118.2 13.8 56.8 5.8 28.8 Last 12 months 160 622 77 685 57 767 30 078 47 639 111.2 167.2 120.1 15.0 58.7 22.4 182.7