August 24, 2016 3:04 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

27,980 Employees

Phone:

46 87 39 50 00

Fax:

46 8 17 85 06

Key Executives for Vattenfall AB

Chief Executive Officer and President
Age: 57
Deputy Chief Executive Officer, Chief Financial Officer and Head of Staff Function Finance
Age: 57
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: 59
Senior Executive Vice President of Business Area Heat and Mining & Generation
Age: 60
Compensation as of Fiscal Year 2016.

Vattenfall AB Key Developments

Ingrid Bonde Decides to Step Down from Her Current Positions at Vattenfall

CFO, Ingrid Bonde has decided to step down from her position at Vattenfall. Ingrid Bonde has a six months’ notice period and will remain in her role during this time. Ingrid Bonde joined Vattenfall in May 2012 as Chief Financial Officer and Executive Vice President after one year as a member of the Board of Directors.

Vattenfall AB to Build New Wind Farm Offshore Scottish Coast

Vattenfall AB has decided to invest more than SEK 3 billion in a combined wind farm and technology development center off the Scottish coast. The wind farm, known as the European Offshore Wind Deployment Centre (EOWDC), will comprise eleven turbines and have a capacity of 92.4 MW. Apart from generating electricity, it will also be a center for testing and developing new technologies for offshore wind power.

Vattenfall Announces Earnings and Production Results for the Second Quarter and Six Months Ended June 2016

Vattenfall announced earnings and production results for the second quarter and six months ended June 2016. For the quarter, net sales were SEK 34,482 million compared to SEK 36,115 million a year ago. Underlying operating profit was SEK 2,907 million compared to SEK 2,966 million a year ago. Loss after tax was SEK 28,644 million compared to SEK 28,812 million a year ago. For the six months, the company reported net sales of and SEK 80,411 million compared to SEK 81,492 million a year ago. Underlying operating profit was SEK 11,044 million compared to SEK 10,703 million a year ago. Loss after tax was SEK 22,042 million compared to SEK 23,825 million a year ago. Owing to lower costs and a stable production Vattenfall's underlying operating profit improved to approximately SEK 11 billion for the first half of the year. The company reported electricity generation of 39.9 TWh compared to 39.7 TWh for the second quarter of 2015. For the six months, the company reported electricity generation of 88.7 TWh compared to 86.1 TWh for the first half of the year in 2015.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 10, 2016
Northern Energy Global Tech II GmbH
Merger/Acquisition
July 21, 2016
European Offshore Wind Deployment Centre
Merger/Acquisition
April 18, 2016
Vattenfall AB., Lignite Operations in Germany
 

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