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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 Aug 2015 |
| Interim Report January-June 2015: Low electricity prices continued to impact results negatively – somewhat compensated by hydro volumes | 17 Jul 2015 |
| Invitation to Fortum's Interim Report January-June 2015 press and telephone conferences on 17 July 2015 | 2 Jul 2015 |
| Fortum not yet in agreement on TGC-1 hydro power - If restructuring proceeds, ready to take a minority stake in Fennovoima nuclear project | 24 Jun 2015 |
| Fortum would prefer continued operations at Oskarshamn nuclear power units 1 and 2 | 23 Jun 2015 |
| Fortum completes divestment of its Swedish electricity distribution business | 1 Jun 2015 |