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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.
| 25 Mar 2015 |
| Fortum concludes the divestment of its electricity distribution business by selling the Swedish business for approx. EUR 6.6 billion | 13 Mar 2015 |
| Fortum updates its long-term financial targets | 13 Mar 2015 |
| Fortum's operating and financial review and financial statements 2014 published | 20 Feb 2015 |
| Strong results close a challenging year – Dividend proposal EUR 1.10 per share, and in addition extra dividend EUR 0.20 per share for 2014 | 4 Feb 2015 |