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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.
| 3 Mar 2023 |
| Fortum updates business and reporting structure, and appoints new members to the Leadership Team | 2 Mar 2023 |
| Fortum Financial Statements Bulletin 2022: Weathering through the European energy crisis - a year of decisive actions | 2 Mar 2023 |
| Inside information: Fortum renews strategy to drive clean transition; new financial targets and dividend policy and more ambitious environmental targets | 2 Mar 2023 |
| Notice to the Annual General Meeting of Shareholders of Fortum Corporation 2023 | 2 Mar 2023 |