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Fortum reported a drop in third-quarter profit, citing lower power generation from its nuclear and hydro plants which also pushed its net debt higher.
Finnish utility Fortum reported a sharp drop in second-quarter profit, citing struggles with its core nuclear and hydropower assets, while announcing a major acquisition to expand its wind power portfolio.
Fitch Ratings upgraded Fortum's long-term credit rating to BBB+ from BBB, citing the Finnish energy company's improved financial strength and sustained reduction in debt.
| 11 May 2023 |
| Inside information: Fortum to fully write down its Russian assets and deconsolidate the Russia segment - publishes restated comparison figures | 11 May 2023 |
| Fortum's Board of Directors has reassessed Leadership Team's long-term incentives - Leadership Team voluntarily waives incentives with delivery in 2024 | 2 May 2023 |
| Inside information: Russia has issued a new presidential decree with implications on Fortum's assets | 26 Apr 2023 |
| Russian subsidiary PAO Fortum's CEO replaced - confirmation of temporary asset management by Russia | 26 Apr 2023 |