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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.
| 5 Oct 2018 |
| Fortum's financial calendar in 2019 | 20 Sept 2018 |
| Arun Aggarwal appointed SVP, Business Technology and member of Fortum's Executive Management | 3 Sept 2018 |
| Changes in Fortum Executive Management – Head of Solar & Wind Development and M&A to leave Fortum | 29 Aug 2018 |
| Fortum's January-June 2018 Half-Year Financial Report: Uniper transaction closed – improved results on positive market conditions | 19 Jul 2018 |
| Fortum closes Public Takeover Offer on Uniper | 26 Jun 2018 |