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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.
| Proposals by Fortum's Shareholders' Nomination Board to the Annual General Meeting 2016 |
| 22 Jan 2016 |
| Invitation to news and telephone conferences on Fortum's Financial Statements Bulletin 2015 on 3 February 2016 | 20 Jan 2016 |
| Fortum’s fourth quarter net profit will be impacted negatively by approx. EUR 185 million due to one-time impairments and provisions as well as fair value changes in derivatives | 20 Jan 2016 |
| Fortum makes a public tender offer for the electricity and gas sales company Duon in Poland | 8 Jan 2016 |
| Fortum Interim Report January-September 2015: Swedish co-owned nuclear write-down and low power prices impacted results negatively | 22 Oct 2015 |