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October 27, 2011- Vattenfall third quarter: Consolidation on track and improved underlying operating profit
Vattenfall reports an operating profit for the third quarter 2011 of SEK 4,447 million (5,829). The underlying profit has improved, and the Group delivered on its strategy of streamlining operations and consolidating its financial position.
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September 08, 2011- Helianthos solar cell foil development stopped
Nuon intends to stop the development of Helianthos solar cell foil. The company was unable to find a commercial partner willing to invest the capital and expertise necessary for the transition to profitable production after the R&D phase; the last potential investor recently withdrew from the process. Ramping up large-scale production and a timely product launch are not possible without a partner. This means that the transition from the current R&D project to large-scale production cannot go ahead, and the development plant opened in Arnhem in 2009 will be closed. A social plan is in place for the employees.
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July 28, 2011- German nuclear power decision weighs down operating profit by SEK 10.2 billion
Vattenfall is reporting a lower operating profit for the second quarter, 12.2 SEK billion, mainly due to the German parliament's decision to phase out the country's nuclear power, but also because the company could not repeat the high production and sales volumes it had during the corresponding quarter a year ago.
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July 28, 2011- First half year Nuon: Solid results, investments increased
The reported net profit of energy company N.V. Nuon Energy decreased to EUR 198 million in the first half of 2011, compared to EUR 269 million in the same period in 2010. Operational results improved; excluding incidental items the net profit, increased to EUR 184 million. Net turnover decreased, mainly due to lower gas volumes sold as a result of the warmer weather in 2011. Production and wholesale margins continued to be under pressure due to market circumstances. Operating expenses, excluding incidental items, remained stable thanks to a continuous focus on cost control which was also reflected in lower personnel expenses. The construction of three new efficient gas-fired power plants is proceeding according to plan.
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June 22, 2011- Vattenfall: Negative impact in second quarter due to German nuclear decision
Assuming an approval by the German parliament of the German government decision to shut down the country’s nuclear power plants, Vattenfall’s operating profit for the second quarter 2011 will be negatively impacted by about SEK 10 billion. Vattenfall is the European parent company of Dutch energy company Nuon.
n.v. Nuon
On 29 June 2009 n.v. Nuon split into a production and supply company (Nuon Energy) and a network company (Alliander). For historical information about n.v. Nuon prior to unbundling, see:
