Vattenfall has published its interim report for January to June 2025, showing a mixed financial performance with growth in underlying profit but declines in overall profit and sales. For the first six months of 2025, net sales fell by 8% compared to the same period in 2024.
Net sales for the first six months amounted to SEK 118,513 million and underlying operating profit rose by 4% to SEK 15,316 million. However, operating profit declined significantly to SEK 14,434 million, down from SEK 32,615 million last year. Profit for the period dropped to SEK 10,828 million from SEK 26,244 million.
In the second quarter alone, net sales fell by 3% to SEK 50,553 million. Underlying operating profit for the quarter rose sharply by 69% to SEK 6,814 million. Operating profit declined to SEK 6,067 million, and profit for the period was SEK 4,867 million, compared to SEK 9,365 million in the same quarter of 2024.
Key developments between April and June 2025 included a planned investment of over SEK 600 million in the Harsprånget hydropower plant to increase its capacity. The Muir Mhòr offshore wind farm received approval for its onshore infrastructure. Vattenfall was selected as a partner by the City of Hamburg to help develop the city’s new public charging network for electric vehicles.
The company also formed two new partnerships aimed at optimising battery storage operations in the Netherlands and Germany. Work continues on plans to establish new nuclear power capacity at the Ringhals site on the Värö Peninsula.
