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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.
| 2 Dec 2014 |
| President and CEO Tapio Kuula at Fortum’s Capital Markets Day: Successful structural changes | 5 Nov 2014 |
| Fortum to sell its Gasum shares to the Finnish State | 3 Nov 2014 |
| Fortum's Gasum divestment completed | 3 Nov 2014 |
| Flexible hydro production partly offset weak electricity prices | 23 Oct 2014 |