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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.
| 10 Aug 2009 |
| Solid first-half year 2009 results | 17 Jul 2009 |
| Invitation to press and telephone conferences on 17 July 2009 | 9 Jul 2009 |
| Fortum shares subscribed for with share warrants | 8 May 2009 |
| A strong start for the year | 28 Apr 2009 |