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Fortum Oyj

FORTUM.HE

Latest Trade

19.21EUR

Change

-0.08(-0.41%)

Volume

2,840,055

Today's Range

19.07

 - 

19.38

52 Week Range

12.25

 - 

23.46

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

Pricing

Previous Close
19.29
Open
19.29
Volume
2,840,055
3M AVG Volume
42.38
Today's High
19.38
Today's Low
19.07
52 Week High
23.46
52 Week Low
12.25
Shares Out (MIL)
888.29
Market Cap (MIL)
17,130.76
Forward P/E
13.07
Dividend (Yield %)
5.70

Next Event

Fortum Oyj Capital Markets Day (Virtual)

Latest Developments

More

Fortum Q3 Comparable EBITDA Falls To EUR 132 Mln

PGNiG and PGE Modify Offer To Fortum, Now For Polish Heating Assets Only

PGNiG In Consortium Bids For Fortum Heating Assets In Baltics And Poland

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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

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

Per Langer

Executive Vice President, City Solutions, Member of the Executive Management

Key Stats

2.95 mean rating - 22 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2017

4.5K

2018

5.2K

2019

5.4K

2020(E)

52.1K
EPS (EUR)

2017

0.580

2018

1.120

2019

1.760

2020(E)

1.502
Price To Earnings (TTM)
9.49
Price To Sales (TTM)
0.58
Price To Book (MRQ)
1.37
Price To Cash Flow (TTM)
6.24
Total Debt To Equity (MRQ)
85.41
LT Debt To Equity (MRQ)
68.95
Return on Investment (TTM)
6.63
Return on Equity (TTM)
4.78

Latest News

Latest News

PGE and PGNiG seen as frontrunners to buy Fortum's Polish assets - sources

Poland's biggest energy group PGE and gas company PGNiG have emerged as frontrunners to buy Polish district heating assets from Finland's Fortum, people close to the matter said.

CORRECTED-Fortum Q3 operating profit drops on weak Uniper results

Finland's biggest utility, Fortum, reported a drop of 215% in underlying third-quarter operating profit on Tuesday, burdened by a seasonally weak quarter at its German subsidiary Uniper .

UPDATE 1-Fortum puts Polish, Baltic district heating assets on the block - sources

Finnish state-controlled utility Fortum has put its district heating assets in Poland and the Baltic states up for sale as it seeks to streamline its business, people close to the matter said.

Fortum puts Polish, Baltic district heating assets on the block - sources

Finnish state-controlled utility Fortum has put its district heating assets in Poland and the Baltic states up for sale as it seeks to streamline its business, people close to the matter said.

Fortum second quarter operating profit drops 11%, Russia weighs

Finland's biggest utility Fortum <FORTUM.HE> reported an 11% fall in its underlying second-quarter operating profit on Wednesday, dented by low power prices and the impact of the new coronavirus on its Russian business.

Fortum Q2 operating profit drops 11%

Finland's biggest utility Fortum reported an 11% fall in its underlying second-quarter operating profit on Wednesday, dented by low power prices.

Fortum raises stake in Uniper to more than 75%

Fortum has raised its stake in German peer Uniper to 75.01%, Uniper said on Tuesday, enough to implement a domination agreement which would give the Finnish energy firm access to all finances and cash flow.

Fortum sells district heating business in south Finland

Finnish utility Fortum <FORTUM.HE> said on Friday it had signed an agreement to sell its district heating business in the Jarvenpaa-Tuusula area in southern Finland to a local consortium of companies for 375 million euros ($421 million).

DNV GL approves Shell's CO2 technology use at Fortum's plant

EShell's carbon dioxide capture technology has been approved for use at Fortum's waste-to-energy plant in Oslo, the risk management and quality assurance firm DNV GL said on Thursday.

Fortum's new CEO sees natural gas, hydrogen helping green transition

The new chief executive of Fortum <FORTUM.HE> said on Wednesday natural gas and hydrogen could help Europe shift to clean energy and promised to present a strategy for the Finnish utility and its newly acquired German rival Uniper by the end of 2020.

New Fortum CEO sets year end as goal for joint strategy with Uniper

Finnish top utility Fortum's <FORTUM.HE> new chief executive Markus Rauramo said on Wednesday he had set the end of this year as a deadline for developing a strategy for the combined group with Germany's Uniper <UN01.DE>.

Finnish utility Fortum names new CEO to integrate Uniper

Fortum named Chief Financial Officer Markus Rauramo as its new chief executive on Tuesday as Finland's top utility seeks to integrate Uniper after securing a majority stake in its former German rival following a two-year struggle.

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

Fortum <FORTUM.HE> 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.

Uniper installs new directors at Fortum's request

Uniper <UN01.DE> announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland's Fortum <FORTUM.HE> secured a 69.6% stake in the German energy group.

UPDATE 1-Uniper chairman resigns after Fortum takes majority stake

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

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.

Uniper raises payouts as group transformation takes hold

Uniper <UN01.DE> on Tuesday exceeded dividend forecasts for 2019 and this year, increasing its appeal to investors as top shareholder Fortum <FORTUM.HE> moves closer to taking control of the German energy group.

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.

BASF, Fortum, Nornickel agree to plan battery recycling hub

Germany's BASF <BASFn.DE>, Finland's Fortum <FORTUM.HE> and Russia's Nornickel <GMKN.MM> on Friday said they signed an agreement to map out a battery recycling cluster in Finland to cater the electric vehicle market.

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

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