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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.
| 10 Feb 2020 |
| Strong operational performance in 2019 – financial targets achieved | 6 Feb 2020 |
| Notice to the Annual General Meeting of Shareholders of Fortum Corporation 2020 | 6 Feb 2020 |
| Proposals by Fortum's Shareholders' Nomination Board to the 2020 Annual General Meeting | 31 Jan 2020 |
| Fortum concludes the sale of its district heating business in Joensuu, Finland | 10 Jan 2020 |