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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.
| Marco Ryan steps down from Fortum’s Board of Directors |
| 1 Aug 2019 |
| Fortum Half-year Financial Report 2019 - Improved results in all business segments and strong cash flow | 19 Jul 2019 |
| Fortum January-March 2019 Interim Report: Positive effect of improved prices offset by lower hydro volumes | 26 Apr 2019 |
| Decisions by Fortum Corporation's Annual General Meeting 2019 | 26 Mar 2019 |
| Fortum Corporation's Board Committees 2019 | 26 Mar 2019 |