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Electricity giants make huge profits per employee

Published måndag 21 februari 2011 kl 10.59

Anger over the winter's high electricity prices is put into context by the newspaper Svenska Dagbladet, which has found that the biggest electricity companies in Sweden, Vattenfall, Fortum and Eon are raking in profits equivalent to several millions kroner per employee.

At Fortum, which mainly focuses on nuclear and hydro electric power in Sweden and Finland, the profit last year was 6,4 million kroner, or just under a million US dollars, per employee. That is compared to the five biggest electricity clients, industrial companies like Sandvik, Stora Enso and SSAB, which has profits more in the range of 20,000 to 47,000 US dollars per employee.

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