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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 2022 |
| Fortum's Financial Statements and Operating and Financial Review 2021 published | 3 Mar 2022 |
| Proposals by Shareholders' Nomination Board of Fortum to the 2022 Annual General Meeting – the planned AGM date changed | 26 Jan 2022 |
| Fortum’s subsidiary Uniper takes precautionary financing measures including credit facilities from KfW Bank and Fortum to secure liquidity in extremely volatile markets | 4 Jan 2022 |
| Change in Fortum Executive Management – head of Business Technology to leave Fortum | 17 Nov 2021 |