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Fortum Oyj (FORTUM.HE)

FORTUM.HE on Helsinki Stock Exchange

18.24EUR
11:12am BST
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€-0.00 (-0.03%)
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€18.24
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€18.12
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€18.36
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€18.08
Volume
622,724
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1,789,803
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€22.91
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€17.97

Latest Key Developments (Source: Significant Developments)

Fortum To Build Wireless Charging Stations For Electric Taxis
Thursday, 21 Mar 2019 

March 21 (Reuters) - Fortum Oyj ::TO BUILD WORLD'S FIRST WIRELESS CHARGING STATIONS FOR ELECTRIC TAXIS.  Full Article

Fortum To Build 250-MW Solar Power Plant In India
Monday, 4 Mar 2019 

March 4 (Reuters) - Fortum Oyj ::FORTUM WINS THE RIGHT TO BUILD A 250-MW SOLAR POWER PLANT IN INDIA.SOLAR PARK WILL BE ENTITLED TO A FIXED TARIFF OF 2.48 INR/KWH FOR 25 YEARS.COMMISSIONING OF PLANT IS EXPECTED IN Q4 OF 2020.HAS WON RIGHT FROM SOLAR ENERGY CORPORATION OF INDIA TO BUILD A 250-MEGAWATT (MW) SOLAR POWER PLANT IN RAJASTHAN, INDIA.  Full Article

Fortum Issues EUR 2.5 Bln Eurobonds
Tuesday, 19 Feb 2019 

Feb 20 (Reuters) - Fortum Oyj ::SAID ON TUESDAY IT HAS ISSUED EUR 2.5 BILLION EUROBONDS UNDER ITS EURO MEDIUM TERM NOTE (EMTN) PROGRAMME.THE BONDS WERE ALLOCATED TO MORE THAN 200 INVESTORS AND WILL BE LISTED IN LUXEMBOURG.  Full Article

Fortum: Government Of Gujarat In India Cancels Solar Auction Results
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Fortum Oyj ::GOVERNMENT OF GUJARAT IN INDIA CANCELS THE SOLAR AUCTION RESULTS AND FORTUM'S RIGHT TO BUILD A 250-MW SOLAR PLANT.INDIA HAS CANCELLED RESULTS OF 700-MEGAWATT (MW) SOLAR AUCTION HELD IN DECEMBER 2018,.GOVERNMENT OF GUJARAT HAS INDICATED THAT THERE WILL BE A NEW AUCTION.  Full Article

Vestas Gets 99 MW Wind Turbine Order In Russia
Friday, 25 Jan 2019 

Jan 25 (Reuters) - VESTAS WIND SYSTEMS A/S ::SAYS HAS SECURED AN ORDER FOR A 99 MW WIND PROJECT FROM A JOINT VENTURE BETWEEN RUSNANO AND FORTUM.THE CONTRACT INCLUDES SUPPLY, INSTALLATION AND COMMISSIONING OF THE WIND TURBINES.TURBINE DELIVERY AND INSTALLATION IS EXPECTED TO START IN THE THIRD QUARTER OF 2019.  Full Article

Fortum Board To Cancel All Fortum Shares Currently Owned By Co Without Decreasing Share Capital
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Fortum Oyj ::CANCELLATION OF FORTUM'S TREASURY SHARES.BOARD OF DIRECTORS HAS TODAY DECIDED TO CANCEL ALL 72,580 FORTUM SHARES CURRENTLY OWNED BY COMPANY WITHOUT DECREASING SHARE CAPITAL.CANCELLATION WILL BE ENTERED IN TRADE REGISTER ON OR AROUND 21 DECEMBER 2018.AFTER CANCELLATION OF SHARES HAS BEEN REGISTERED IN TRADE REGISTER, TOTAL NUMBER OF SHARES OF FORTUM CORP WILL BE 888.3 MILLION.  Full Article

Uniper CFO: not much progress in talks with Fortum
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Uniper ::CFO SAYS MEDICAL TREATMENT OF CEO KLAUS SCHAEFER CONTINUES.CFO SAYS AIM TO HAVE CLARITY SOON ON WHAT TO DO WITH OUR FRENCH ASSETS WHICH ARE UNDER REVIEW.CFO SAYS THERE IS VERY LITTLE PROGRESS TO REPORT IN OUR DISCUSSIONS WITH FORTUM <<>>.CFO SAYS EXPECTS COMPENSATION MECHANISM AS PART OF GERMAN ROADMAP TO SHUT DOWN COAL-FIRED POWER PLANTS.  Full Article

Fortum Updates Its Strategy, Reconfirms Financial Targets And Dividend Policy
Monday, 12 Nov 2018 

Nov 12 (Reuters) - FORTUM OYJ ::FORTUM UPDATES ITS STRATEGY - FINANCIAL TARGETS AND DIVIDEND POLICY RECONFIRMED.FORTUM'S FINANCIAL TARGETS AND DIVIDEND POLICY REMAIN UNCHANGED.LONG-TERM OVER--CYCLE FINANCIAL TARGETS ARE: * RETURN ON CAPITAL EMPLOYED (ROCE) AT LEAST 10%.LONG-TERM OVER--CYCLE FINANCIAL TARGETS ARE: COMPARABLE NET DEBT TO EBITDA RATIO OF AROUND 2.5 TIMES.COMPARABLE NET DEBT TO EBITDA RATIO OF AROUND 2.5 TIMES.ESTIMATED ANNUAL CAPITAL EXPENDITURE FOR 2019 IS APPROXIMATELY EUR 600-650 MILLION.IN 2020, CAPITAL EXPENDITURE IS EXPECTED TO DECLINE.CAPITAL EXPENDITURE (INCLUDING MAINTENANCE AND EXCLUDING ACQUISTIONS) FOR 2018 IS EXPECTED TO BE EUR 600-700 MILLION.SOLAR AND WIND BUSINESSES HAVE GROWN BEYOND INITIAL DEVELOPMENT PHASE AND ARE NOW ARE BEING REORGANISED.DIVIDEND POLICY IS TO PAY A STABLE, SUSTAINABLE, AND OVER TIME INCREASING DIVIDEND OF 50-80% OF EARNINGS PER SHARE, EXCLUDING ONE-TIME ITEMS.WIND OPERATIONS WILL BECOME A BUSINESS AREA WITHIN GENERATION DIVISION.  Full Article

Fortum CEO Says Proposed Uniper Probe Is A Matter Of Private Discussion Between The Companies
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fortum Oyj ::FORTUM CEO SAYS WILL NOT COMMENT THE PROPOSAL REGARDING A SPECIAL AUDIT IN UNIPER, SAYS IT IS A MATTER OF PRIVATE DISCUSSION BETWEEN FORTUM AND UNIPER.  Full Article

Fortum CEO Says Questions Whether Fortum Could Increase Stake In Uniper Are "Hypothetical"
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fortum Oyj ::FORTUM CEO SAYS ALL QUESTIONS WHETHER FORTUM WOULD FURTHER INCREASE STAKE IN UNIPER ARE HYPOTHETICAL, CITES RUSSIAN REGULATORY LIMITATION FOR THE OWNERSHIP.  Full Article

Fortum's Q1 profit lags forecast on low hydropower output

OSLO, April 26 Finnish utility Fortum reported weaker than expected profits for the first quarter on Friday as higher power prices were offset by low volumes in electricity generation from the firm's hydropower assets.