for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Fortum Oyj

FORTUM.HE

Latest Trade

17.34EUR

Change

0.29(+1.67%)

Volume

1,713,693

Today's Range

17.00

 - 

17.34

52 Week Range

12.25

 - 

23.46

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

Pricing

Previous Close
17.06
Open
17.08
Volume
1,713,693
3M AVG Volume
62.16
Today's High
17.34
Today's Low
17.00
52 Week High
23.46
52 Week Low
12.25
Shares Out (MIL)
888.29
Market Cap (MIL)
15,149.86
Forward P/E
10.80
Dividend (Yield %)
6.45

Next Event

Q2 2020 Fortum Oyj Earnings Release

Latest Developments

More

Lowell Acquires Fortum's Solvencia AS

Fortum And Bahnhof In New Cooperation

Fortum To Sell Its District Heating Business In Järvenpää, Finland

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

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

2.83 mean rating - 23 analysts
Sell
Hold
Buy
Revenue (MM, EUR)

2017

4.5K

2018

5.2K

2019

5.4K

2020(E)

54.7K
EPS (EUR)

2017

0.580

2018

1.120

2019

1.760

2020(E)

1.572
Price To Earnings (TTM)
7.32
Price To Sales (TTM)
2.96
Price To Book (MRQ)
1.10
Price To Cash Flow (TTM)
5.67
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

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.

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 <UN01.DE>, whose top shareholder Fortum <FORTUM.HE> 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.

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

German energy firm Uniper <UN01.DE>, whose top shareholder Fortum <FORTUM.HE> 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.

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.

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

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up