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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.
| 11 Jan 2005 |
| Fortum's shareholders' nomination committee representatives | 16 Dec 2004 |
| FORTUM SHARES SUBSCRIBED FOR WITH SHARE WARRANTS | 9 Dec 2004 |
| FORTUM SHARES SUBSCRIBED FOR WITH SHARE WARRANTS | 3 Nov 2004 |
| Fortum Corporation: Interim Report January-September 2004 | 21 Oct 2004 |