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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.
| 25 Oct 2022 |
| Fortum publishes restated comparison figures to reflect the divestment of Uniper | 6 Oct 2022 |
| Fortum to launch the savings period for 2023 under its employee share savings programme | 30 Sept 2022 |
| Notice to the Extraordinary General Meeting of Shareholders of Fortum Corporation | 26 Sept 2022 |
| Fortum draws on the liquidity facility provided by the Finnish State - an Extraordinary General Meeting convened to resolve on a directed share issue without payment to Solidium | 26 Sept 2022 |
| Fortum to fully divest Uniper to the German State | 21 Sept 2022 |