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Fortum Oyj

FORTUM.HE

Latest Trade

17.56EUR

Change

0.33(+1.92%)

Volume

3,004,403

Today's Range

17.18

 - 

17.57

52 Week Range

12.25

 - 

23.46

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

Pricing

Previous Close
17.23
Open
17.32
Volume
3,004,403
3M AVG Volume
80.25
Today's High
17.57
Today's Low
17.18
52 Week High
23.46
52 Week Low
12.25
Shares Out (MIL)
888.29
Market Cap (MIL)
15,300.87
Forward P/E
11.24
Dividend (Yield %)
6.39

Next Event

Fortum Oyj Investor Group Call Hosted By Carnegie

Latest Developments

More

Fortum Oyj Says Subsidiary Uniper Has Announced That Datteln 4 Power Plant Will Begin Operating On Saturday, 30 May

Fortum Q1 Comparable EBIT Falls To EUR 393 Million

Fortum Cancels Financial Targets

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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

02150

Finland

+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)

2017

4.5K

2018

5.2K

2019

5.4K

2020(E)

55.5K
EPS (EUR)

2017

0.580

2018

1.120

2019

1.760

2020(E)

1.527
Price To Earnings (TTM)
7.39
Price To Sales (TTM)
2.99
Price To Book (MRQ)
1.11
Price To Cash Flow (TTM)
5.72
Total Debt To Equity (MRQ)
86.64
LT Debt To Equity (MRQ)
65.98
Return on Investment (TTM)
7.27
Return on Equity (TTM)
4.54

Latest News

Latest News

MEDIA-CPPIB, KKR, others eye Fortum's Indian solar projects - Livemint

-- Note: Reuters has not verified this story and does not vouch for its accuracy

UPDATE 2-Finland's Fortum sticks to dividend goal as profit beats forecast

Fortum reported a 4% fall in headline first-quarter profit on Friday, beating forecasts with help from gains from hedging as it stuck to its long-term dividend targets.

Fortum beats Q1 profit expectations despite slumping prices

Finland's top utility Fortum beat expectations with a 4% fall in first-quarter profit on Friday and said it would stick to its dividend policy.

BRIEF-Uniper CEO says workers still in discussion with Fortum over guarantees, no agreement yet

* SAYS OBSERVING THAT GERMAN POWER DEMAND STABILISING AT LOWER LEVELS, BRITAIN, NORDIC DEMAND STILL DECREASING WITH TIME LAG IN CORONAVIRUS CRISIS

UPDATE 1-Uniper chairman resigns after Fortum takes majority stake

* Fortum moves to tighten grip after clinching majority (Adds detail)

BRIEF-Fortum Cancels Tuesday's Annual General Meeting 2020, Postpones To A Later Date

* FORTUM CANCELS TOMORROW'S ANNUAL GENERAL MEETING 2020, POSTPONES TO A LATER DATE

UPDATE 1-Fortum gains control of Uniper after two-year struggle

Energy company Fortum said on Friday it had met all regulatory conditions to take a majority stake in German rival Uniper, after receiving a final approval from Russian authorities.

Fortum calls Uniper greener strategy a step in the right direction

Energy group Uniper's new strategy to shift towards greener generation is a step in the right direction, Finland's Fortum, its major shareholder that has been trying to take over its German peer, said on Friday.

BRIEF-Fortum Provides Instructions Concerning AGM Due To Corona Virus Situation

* INSTRUCTIONS CONCERNING ANNUAL GENERAL MEETING OF FORTUM CORPORATION

Uniper says it will keep up constructive relationship with Fortum

German energy group Uniper will continue to work constructively with its major shareholder, Finnish sector peer Fortum, chief executive officer Andreas Schierenbeck said on Tuesday.

UPDATE 1-Uniper raises payouts as group transformation takes hold

* Sees 2020 dividend of 1.37 eur per share (Recasts, adds CEO quote, details)

BASF, Fortum, Nornickel agree to plan battery recycling hub

Germany's BASF, Finland's Fortum and Russia's Nornickel on Friday said they signed an agreement to map out a battery recycling cluster in Finland to cater the electric vehicle market.

Nokia replaces CEO with Fortum boss Lundmark to revive 5G business

Nokia has rehired former executive Pekka Lundmark from energy group Fortum to lead the Finnish telecoms company's efforts to revive its faltering 5G business.

Nokia appoints Fortum CEO Lundmark to replace Suri from Sept 1

Finland's Nokia on Monday appointed Pekka Lundmark, until now the CEO of energy group Fortum, as its new chief executive starting from Sept. 1, 2020, the telecoms equipment maker said.

Fortum sells unit in eastern Finland for $588 million

Finnish utility Fortum <FORTUM.HE> said on Friday it has agreed to sell its district heating business in Joensuu, eastern Finland to regional utility Savon Voima Oyj for 530 million euros ($588 million).

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.

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

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