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February 09, 2012| Amsterdam- Delivering according to strategy during a demanding year
“We have delivered in accordance with our strategy. Vattenfall's cost-cutting programme, aimed at reducing SEK 6 billion in costs by year-end 2013, is proceeding better than planned, and we have lowered our annual costs by SEK 4 billion. At the same time, future-oriented operations have given rise to new costs of SEK 1.4 billion. We have completed or signed agreements to carry out sales of non-core assets at a fast pace – corresponding to a value of SEK 3.7 billion. This includes the sale of operations in Finland, which was completed in January 2012.”
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February 09, 2012| Amsterdam- Warm 2011 reduces gas sales and profits at Nuon
Huib Morelisse, Nuon CEO, commented on the figures: “Our investments in more efficient power plants and renewable energy reached a record level of EUR 1.1 billion in 2011. We expect to put our three new gas plants and the second largest onshore wind farm in the Netherlands into operation soon. The implementation of the strategy of our parent company Vattenfall -aiming at higher efficiency, lower CO2 emissions and focus on core activities- is in full swing. For example, we successfully sold the gas fields in the North Sea and our subsidiary Nuon Belgium with book profits.”
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October 27, 2011| Amsterdam- 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| Amsterdam- 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| Amsterdam- 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.
