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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.
| 7 Sept 2011 |
| Results continued to develop well | 19 Jul 2011 |
| Invitation to press and telephone conferences on 19 July 2011 | 12 Jul 2011 |
| Q1 overall a good start of the year | 28 Apr 2011 |
| Fortum, the Finnish State and Ilmarinen into a final agreement over sale of Fingrid shares | 19 Apr 2011 |