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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.
| 16 Feb 2012 |
| The nominees for Fortum's Board of Directors for the year 2012 | 1 Feb 2012 |
| Overall good year in a challenging environment | 1 Feb 2012 |
| Notice to the Annual General Meeting of Shareholders of Fortum Corporation | 1 Feb 2012 |
| Closing of the divestment of Fortum Energiaratkaisut Oy and Fortum Termest AS | 1 Feb 2012 |