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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.
| 12 Nov 2021 |
| Strong increase in market prices cause Fortum subsidiary Uniper to raise profit guidance for 2021 and to record major negative accounting effect | 21 Oct 2021 |
| Fortum to launch the savings period for 2022 under its employee share savings programme | 30 Sept 2021 |
| Fortum concludes the sale of its 50% stake in Stockholm Exergi | 20 Sept 2021 |
| Fortum's Shareholders' Nomination Board 2021 | 6 Sept 2021 |