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Fortum Oyj

FORTUM.HE

Latest Trade

21.39EUR

Change

0.05(+0.23%)

Volume

814,940

Today's Range

21.23

 - 

21.46

52 Week Range

17.97

 - 

22.12

As of on the Helsinki Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
21.34
Open
21.28
Volume
814,940
3M AVG Volume
28.13
Today's High
21.46
Today's Low
21.23
52 Week High
22.12
52 Week Low
17.97
Shares Out (MIL)
888.29
Market Cap (MIL)
18,956.20
Forward P/E
14.89
Dividend (Yield %)
5.15

Next Event

Q4 2019 Fortum Oyj Earnings Release

Latest Developments

More

Fortum Says Russian Government Commission Approves Co's Majority Ownership In Uniper Subject To Certain Conditions

Russia's Unipro Does Not Plan To Declare Other Assets In Russia As Strategic - Ifx

Fortum Q3 Comparable EBITDA At EUR 295 Million

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About Fortum Oyj

Fortum Oyj is a Finland-based company engaged in the generation and sale of electricity and heat, and operation and maintenance of power plants, as well as energy-related services. The Company operates, along with its subsidiaries, in four business segments: Power, comprising the Company’s power generation, physical operation and trading, as well as expert services for power producers; Heat, consisting of combined heat and power generation (CHP), district heating and cooling activities and business-to-business heating solutions; Russia, including power and heat generation and sales in Russia, and Electricity Solutions, responsible for Fortum’s electricity sales. The Company operates in Finland, Sweden, Norway, the Russian Federation, Poland, Lithuania, Latvia, Estonia, India and the United Kingdom, among others.

Industry

Electric Utilities

Contact Info

Keilaniementie 2-4, CD building

+358.10.4511

http://www.fortum.com

Executive Leadership

Matti Lievonen

Independent Chairman of the Board

Pekka Ilmari Lundmark

President, Chief Executive Officer, Member of the Executive Management

Klaus-Dieter Maubach

Independent Deputy Chairman of the Board

Markus Heikki Erdem Rauramo

Chief Financial Officer, Member of the Executive Management

Alexander Chuvaev

Executive Vice President, Russia Division; General Director of PAO Fortum; Member of the Executive Management

Key Stats

2.67 mean rating - 21 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2016

3.6K

2017

4.5K

2018

5.2K

2019(E)

5.5K
EPS (EUR)

2016

0.570

2017

0.580

2018

1.120

2019(E)

1.433
Price To Earnings (TTM)
14.38
Price To Sales (TTM)
3.45
Price To Book (MRQ)
1.53
Price To Cash Flow (TTM)
9.99
Total Debt To Equity (MRQ)
54.81
LT Debt To Equity (MRQ)
50.00
Return on Investment (TTM)
6.67
Return on Equity (TTM)
5.95

Latest News

Latest News

Russia approves Fortum plan to increase stake in Uniper

Russia approved Finnish utility Fortum's <FORTUM.HE> plan to increase its stake in Germany's Uniper <UN01.DE>, the head of Russia's anti-monopoly service (FAS) and the company both said on Thursday.

Uniper, subject to Fortum bid, remains independent for now - CFO

German energy firm Uniper , whose top shareholder Fortum is working on a plan to get a majority, will continue to drive its strategy as an independent company, its Chief Financial Officer Sascha Bibert told analysts on Tuesday.

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

Fortum CEO says Uniper obstructed proposed purchase: Kommersant

Uniper <UN01.DE> deliberately obstructed Fortum's proposed purchase of a stake in the German utility by registering assets in Russia as strategic, Kommersant daily quoted Fortum <FORTUM.HE> CEO Pekka Lundmark as saying on Thursday.

Fortum exec hopes Russian state finds solution for Uniper deal

Alexander Chuvayev, head of Fortum's Russian business, said on Thursday the company hoped the Russian state would find a solution to the acquisition of Uniper and the deal would go ahead.

UPDATE 2-Finland's Fortum reports quarterly profit surge, still misses forecasts

* Fortum wants to chair Uniper's supervisory board (Adds CEO's comments on Uniper deal)

Russian sovereign fund to invest in renewable energy with Fortum

Russia's RDIF sovereign wealth fund plans to invest hundreds of millions of U.S. dollars in joint renewable energy projects with Finish utility Fortum <FORTUM.HE> in Russia, RDIF said on Monday.

Russia may approve Fortum's acquisition of Uniper stake within half a year

Russia may approve a deal allowing Finnish utility company Fortum <FORTUM.HE> to increase its stake in Germany's Uniper <UN01.DE> within half a year, Russian Economy Minister Maxim Oreshkin said on Monday.

Russian commission could consider Fortum-Uniper by year-end: Interfax

The Russian government commission that reviews deals involving foreign investors could consider before the end of the year Finnish utility Fortum's <FORTUM.HE> to raise its stake in Germany's Uniper <UN01.DE>, Interfax reported.

Russia considers changing law to allow Fortum/Uniper deal: IFX

Russia's anti-monopoly service is considering changing regulations to allow Finnish utility Fortum <FORTUM.HE> to raise its stake in Germany's Uniper <UN01.DE>, Interfax news agency reported on Tuesday, citing the service.

Russia considers changing law which would allow Fortum/Uniper deal - Interfax

Russia's anti-monopoly service is considering changing regulations which would allow it to approve Finnish utility Fortum raising its stake in Germany's Uniper, Interfax news agency reported on Tuesday, citing the service.

Uniper remains independent for now despite Fortum push: CEO

Uniper's <UN01.DE> CEO will fight to get clarity from top shareholder Fortum <FORTUM.HE> on a range of issues ahead of a planned stake hike, he said in an internal memo, underlining that the German utility will remain independent for now.

Uniper says needs more answers from suitor Fortum

Uniper <UN01.DE> said on Thursday its suitor, Finnish utility Fortum <FORTUM.HE>, had yet to address a range of questions from the German energy firm's management to convince it to support a takeover deal.

Uniper says needs more answers from suitor Fortum

Germany's Uniper on Thursday said its suitor, Finnish utility Fortum, has yet to address a range of questions about its intentions in ongoing takeover talks to get management support for any deal.

Uniper works council criticizes Fortum's attempt to gain control

An employee representative of utility Uniper <UN01.DE> on Wednesday criticized Fortum's <FORTUM.HE> effort to gain control of the German company.

Finland's Fortum to gain control of Uniper in $2.5 billion deal

Finnish utility Fortum is set to gain control of Germany's Uniper by acquiring the stakes of activist funds Elliott [ECAL.UL] and Knight Vinke, potentially ending a long-running deadlock over ownership of the group.

Fortum CEO demands Uniper chairman seat after activist deal

Finland's Fortum has claimed the supervisory board chair at Uniper should a deal to buy stakes from two activist funds be approved by regulators, its chief executive said.

Uniper workers urge Fortum to spell out future plans to allay downgrade fears

Labor representatives at Uniper <UN01.DE>, fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum <FORTUM.HE> to lay out plans for future cooperation between the two companies.

UPDATE 1-Uniper, Fortum in constructive but complex talks over future

* Knight Vinke has threatened to call EGM next month (Recasts on Fortum relationship, adds context)

UPDATE 1-Fortum profit tops forecasts, Uniper talks continue

Finnish utility Fortum beat second-quarter profit expectations on Friday, boosted by higher power prices and a rise in electricity generation volumes, and said it was continuing talks with bid target Uniper's management.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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