"No news is good news" is perhaps an apt proverb when reading the latest annual report from Swedish energy giant Vattenfall. The company has announced that it is developing as anticipated, despite stagnating revenue and a sizeable decline on the bottom line.
Vattenfall's revenue fell by four percent to SEK 40 billion (EUR 4.5 billion), against SEK 41.6 billion in the same quarter the year prior. However, the development on the bottom line is significantly more dramatic, where EBITDA declined from SEK 10.2 billion to SEK 6 billion. Looking at the results from a net profit standpoint, Vattenfall declined from SEK 6.8 billion to SEK 3.8 billion.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
H2 Energy calls for political courage, high carbon levy
Swiss firm H2 Energy, set to establish a 1GW hydrogen facility in Denmark, sees the transformation of heavy transport as a low-hanging fruit and calls for political courage to secure offtakers.
WindEurope warns against negative auction bids
If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.
BW Offshore halved bottom line in Q1
The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.
Equinor exits Russia
Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.
Better Energy enters 1GW Finnish collaboration
Solar panel developer Forus is teaming up with Better Energy on the sustainable development of solar farms in Finland.
Strategic Business Development Consultant 
Economists who are passionate about advocacy and industrial economics 
Head of department for digital change journey 
Head of Secretariat - The Indo-Danish Centre of Excellence for Offshore Wind and Renewable Energy 
Industry specialist and architect - Energy & Utility 
Junior Analyst for Power Solutions 
We are looking for project managers who will help shape the green transition and develop the business area "Sustainable Energy" 
Senior Expertise Director, Biomass 
Energy specialists - sales and consulting of heat pump solutions 
Operations economist for operational and business analyzes in the Settlement Team 
Strategic project manager for the green transition 
Marine Sales Executive - Performance Coatings 
Project Manager, Offshore Wind