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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.
| 30 Jun 2014 |
| Appointment in Fortum's Executive Management | 10 Jun 2014 |
| Fortum completes divestment of its Norwegian electricity distribution business | 30 May 2014 |
| Good comparable operating profit despite low prices and weak rouble | 29 Apr 2014 |
| Invitation to press and telephone conferences on 29 April 2014 | 22 Apr 2014 |