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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.
| 26 Jun 2017 |
| Fortum-RUSNANO wind investment fund chooses Vestas as wind turbine supplier in Russia | 21 Jun 2017 |
| Oslo City Council approves Hafslund ownership restructuring between Fortum and the City of Oslo | 15 Jun 2017 |
| Fortum-RUSNANO wind investment fund has been awarded 1,000 MW wind capacity in Russian wind CSA auction | 15 Jun 2017 |
| Fortum sells its gas infrastructure assets in Poland to Infracapital | 26 May 2017 |
| Fortum January-March 2017 Interim Report: Improved results in a demanding market – Russian EBIT target reached | 27 Apr 2017 |