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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.
| 14 Jun 2007 |
| FORTUM SHARES SUBSCRIBED FOR WITH SHARE WARRANTS | 9 May 2007 |
| SHARE ISSUE IN RUSSIAN TGC-1 - FORTUM PREPARED FOR PARTICIPATION | 8 May 2007 |
| INTERIM REPORT JANUARY - MARCH 2007 | 24 Apr 2007 |
| FORTUM APPEALS AGAINST THE SWEDISH ENERGY MARKET AUTHORITY'S DECISION | 11 Apr 2007 |