- Published: 29 October 2019 29 October 2019
Profits for the first nine months of the year improved substantially compared to 2018. This increase is explained by increased profits in business operations compared to the previous year, as well as some one-off effects.
The underlying operations developed positively, with higher prices achieved, good generation and sales, as well as a solid contribution from the wind business. For Wind, profits improved from about SEK 1.9 billion to about SEK 2.5 billion for the first nine months. The new wind farms, Horns Rev 3 in Denmark and Slufterdam in the Netherlands, contributed to increased generation. Total net sales increased by 12% (10% excluding currency effects) to SEK 120,181 million (107,071). Total profit for the period amounted to SEK 14,373 million (8,907).