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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.
| 15 May 2020 |
| Fortum Corporation: January-March 2020 Interim Report - Solid results in a volatile market environment | 15 May 2020 |
| Fortum increases ownership in Uniper to 73.4% | 8 May 2020 |
| Fortum Corporation's Board Committees 2020 | 23 Apr 2020 |
| Decisions by Fortum Corporation's Annual General Meeting 2020 | 23 Apr 2020 |