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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.
| 13 May 2005 |
| Fortum Corporation Interim Report January - March 2005 | 3 May 2005 |
| TRANSITION TO INTERNATIONAL FINANCIAL REPORTING STANDARDS IN 2005 | 27 Apr 2005 |
| Fortum extends period of validity regarding offer to City of Espoo | 26 Apr 2005 |
| The Offer Price of Neste Oil Corporation Shares set at EUR 15.00 | 15 Apr 2005 |