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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 Sept 2016 |
| Fortum’s acquisition of Ekokem finalised | 31 Aug 2016 |
| Fortum Interim Report January-June 2016: Operationally a good quarter, but weak power prices continue to burden profits | 20 Jul 2016 |
| Invitation to the news conferences on Fortum's January - June 2016 Interim Report on 20 July 2016 | 22 Jun 2016 |
| Fortum signs a new EUR 1.75 billion revolving loan facility | 17 Jun 2016 |
| Fortum to acquire Ekokem, a Nordic circular economy company | 27 May 2016 |