May 28, 2016 1:37 AM ET

Electric Utilities

Company Overview of Vattenfall AB

Company Overview

Vattenfall AB engages in the production, distribution, and sale of electricity and heat in Denmark, Finland, Germany, the Netherlands, Sweden, the United Kingdom, and internationally. The company operates through Customers & Solutions, Power Generation, Wind, Heat, and Distribution segments. It generates electricity primarily through biomass, coal, hydro, natural gas, solar, nuclear, waste, and wind sources. The company is also involved in the sale of gas; district heating and energy trading activities; and provision of energy services, such as charging solutions for electric vehicles, smart plugs, and solar panels. It has approximately 6.2 million electricity customers, 3.2 million electric...

Evenemangsgatan 13C

Solna,  169 56

Sweden

Founded in 1909

27,512 Employees

Phone:

46 87 39 50 00

Fax:

46 8 17 85 06

Key Executives for Vattenfall AB

Chief Executive Officer and President
Age: 56
Deputy Chief Executive Officer, Chief Financial Officer and Head of Staff Function Finance
Age: 56
Treasurer and Chief Executive Officer of Vattenfall Treasury AB
Head of Staff Function Legal & Chief Executive Officer Office, Senior Vice President, General Counsel and Secretary to the Board
Age: 58
Senior Executive Vice President of Business Area Heat and Mining & Generation
Age: 59
Compensation as of Fiscal Year 2015.

Vattenfall AB Key Developments

Vattenfall Appoints Elina Kivioja New Country Manager for Finland

Vattenfall AB has announced the appointment of Elina Kivioja as new country manager, and CEO, of Vattenfall Oy in Finland, succeeding Hannu Kostiainen, who will retire effective July 1, 2016. Elina Kivioja joined Vattenfall in 2012. Prior to that, she has held a wide range of leadership positions in other companies in consumer goods and services industries and has a MSc in Economics. She is currently Director Sales Channels within Business Unit Consumer Sales and initially she will combine the Country Manager assignment with her duties as Director within Consumer Sales.

Vattenfall AB Reports Earnings and Operating Results for the First Quarter of 2016

Vattenfall AB reported earnings and operating results for the first quarter of 2016. For the quarter, the company's net sales were SEK 45,929 million compared to SEK 45,377 million a year ago. Underlying operating profit was SEK 8,136 million compared to SEK 7,736 million a year ago. Operating profit was SEK 10,011 million compared to SEK 8,386 million a year ago. Profit after tax for the period was SEK 6,602 million compared to SEK 4,987 million a year ago. For the quarter, electricity generation was 48.7 TWh compared to 46.4 TWh a year ago.

Vattenfall AB, Q1 2016 Earnings Call, Apr 28, 2016

Vattenfall AB, Q1 2016 Earnings Call, Apr 28, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 18, 2016
Vattenfall AB., Lignite Operations in Germany
Merger/Acquisition
January 14, 2016
NUON Energie und Service GmbH
Merger/Acquisition
December 18, 2015
Vattenfall AB, 150 MW Ormonde Offshore Wind Farm
 

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