Coverage
Filings
| Filing | Date |
|---|---|
| FORTUM ESTABLISHES A SEK 7,000,000,000 M | 20 Feb 2003 |
| Fortum Corporation Financial Statements | 13 Feb 2003 |
| BREAKTHROUGH FOR FORTUM IN NORWAY AND RU | 31 Jan 2003 |
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.