Vattenfall's Annual and Sustainability Report 2019 has now been published. The report describes Vattenfall's continued investments in sustainable energy solutions and the transition to fossil-free living. Vattenfall continues to drive the electrification of society with investments in technology and projects that are making a difference in the energy transition.
The goal is fossil-free living within one generation. The company's full-year turnover for 2019 increased by 9 per cent to SEK 166.4 billion (152.1) with a net profit of SEK 14.9 billion, an increase of SEK 2.9 billion. The Board of Directors proposes a dividend of SEK 7.2 billion. Overall, the underlying operating profit increased by SEK 5.2 billion to SEK 25.1 billion. Vattenfall has adopted an investment plan for 2020-2021 of SEK 58 billion. The lion share of the growth investments will be in wind power, but Vattenfall will also invest in solar power and in new business areas such as decentralised solutions, energy storage and e-mobility.