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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.
| 17 May 2022 |
| Fortum Corporation: Managers' transactions - Bernhard Günther | 17 May 2022 |
| Fortum Corporation: Managers' transactions - Per Langer | 17 May 2022 |
| Fortum Corporation: Managers' transactions - Simon-Erik Ollus | 17 May 2022 |
| Fortum Corporation: Managers' transactions - Nora Steiner-Forsberg | 17 May 2022 |