V ater falls report for 2015, as expected, depressing reading. Losses of nearly 20 billion and continued low electricity prices spiced with an increase in carbon dioxide emissions. But, unexpectedly enough, President’s word be that which sets the agenda for Vattenfall in years.
CEO Magnus Hall presents its interim report during a press conference at Vattenfall’s headquarters in Solna. Photo: Maja Suslin / TT
Vattenfall report for 2015 was , as expected, depressing reading. Losses of nearly 20 billion and continued low electricity prices spiced with an increase in carbon dioxide emissions.
One hardly knows where to begin to sort out the mess. Clearly the massive defeat was expected because of the billion write-downs of the German coal power. But we clean away the losses created by the poor business many years ago is not as taxpayers and hence owners especially happier for it.
Vattenfall’s profit drops at an alarming rate, compared with last year, dropping to 3.6 billion in 12 months. It is a completely different and much more serious than a headache impairments. It will definitely also get worse in the coming months and indeed years. It’s all about Waterfall usually purchase price protection.
A couple of years ago, when energy prices were high, so they protected their energy for several years. Protection is now gradually disappearing fast. This means that earnings this year will likely fall more rapidly than we saw last year.
Even if costs also drops so it is far from the same rate. Depreciation billion for coal and Nuonköp has muddied Vattenfall numbers for several years. But the effects of the low price of energy is the crisis that will determine the Company’s earnings capacity going forward and thus the company’s ability to distribute billions of dollars to the state.
It looks dark for this government to get that much money from Vattenfall his time in power. Maybe there will not be a dime.
In what other companies time had its management hung out billions and missed targets, but the waterfall, it’s owners, the Swedish government that deserves a hearty scolding. The impression you get of Vattenfall’s CEO Magnus Hall anyway.
Vattenfall’s CEO Magnus Hall’s seemingly conservative whining of expensive nuclear power is really nothing more than an ultimatum to the government that affect our children’s future. Therefore, perhaps Halls Ceo one of the more important in recent years.
We have not really luxury to live on only renewable energy even if we see an accelerating expansion. It will mean that nuclear power is replaced in part, at least initially, likely to a large part of the energy created by fossil fuels. It has, as we know, Vattenfall plenty of both coal and natural gas. Thus, we can expect to waterfalls, all else equal, continuing last year’s development and emit more carbon.
In terms of what we know about climate change as it is driven mostly by right-carbon. Experts agree that the effect of a warmer climate threatens the survival of humanity – nuclear power has long since not even on the map of threats to the survival of mankind.
This means there is enough facts to Magnus Hall should be getting, not just aid, but even greater attendance in their attack against its shareholders. It is dared by Vattenfall’s CEO to go in the opposite of himself government. The question for 2016 has suddenly become if it could cost him his job, or if the government backs on nuclear power.
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