FORTUM.HE
Latest Trade
21.12EURChange
-0.51(-2.36%)Volume
2,120,874Today's Range
-
21.7552 Week Range
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23.46As of on the Helsinki Stock Exchange ∙ Minimum 15 minute delay
Previous Close | 21.63 |
|---|---|
Open | 21.59 |
Volume | 2,120,874 |
3M AVG Volume | 44.38 |
Today's High | 21.75 |
Today's Low | 21.00 |
52 Week High | 23.46 |
52 Week Low | 12.25 |
Shares Out (MIL) | 888.29 |
Market Cap (MIL) | 18,760.78 |
Forward P/E | 14.01 |
Dividend (Yield %) | 5.21 |
Fortum To Sell Eight Small Hydropower Plants In Sweden
Fortum Appoints Bernhard Günther New CFO
Fortum: Strategy Update - New Financial And Climate Targets
Fortum Oyj is a Finland-based company engaged in the generation and sale of electricity and heat, and operation and maintenance of power plants, as well as energy-related services. The Company operates, along with its subsidiaries, in four business segments: Power, comprising the Company’s power generation, physical operation and trading, as well as expert services for power producers; Heat, consisting of combined heat and power generation (CHP), district heating and cooling activities and business-to-business heating solutions; Russia, including power and heat generation and sales in Russia, and Electricity Solutions, responsible for Fortum’s electricity sales. The Company operates in Finland, Sweden, Norway, the Russian Federation, Poland, Lithuania, Latvia, Estonia, India and the United Kingdom, among others.
Industry
Electric Utilities
Executive Leadership
Matti Lievonen
Independent Chairman of the Board
Markus Heikki Erdem Rauramo
President, Chief Executive Officer, Member of the Executive Management
Klaus-Dieter Maubach
Independent Deputy Chairman of the Board
Alexander Chuvaev
Executive Vice President, Russia Division; General Director of PAO Fortum, Member of the Executive Management
Per Langer
Executive Vice President, City Solutions, Member of the Executive Management
Price To Earnings (TTM) | 10.39 |
|---|---|
Price To Sales (TTM) | 0.64 |
Price To Book (MRQ) | 1.50 |
Price To Cash Flow (TTM) | 6.84 |
Total Debt To Equity (MRQ) | 85.41 |
LT Debt To Equity (MRQ) | 68.95 |
Return on Investment (TTM) | 6.63 |
Return on Equity (TTM) | 4.78 |
Finland's top utility Fortum , which owns 75% of German peer Uniper, has appointed industry executive Bernhard Guenther as its new finance chief, it said on Friday.
* Fortum shares down 3.9%, Uniper down 1.9% (Updates shares, adds analyst, Uniper CEO, labour leader)
Finland's biggest utility, Fortum, reported a drop of 215% in underlying third-quarter operating profit on Tuesday, burdened by a seasonally weak quarter at its German subsidiary Uniper .
Finnish state-controlled utility Fortum has put its district heating assets in Poland and the Baltic states up for sale as it seeks to streamline its business, people close to the matter said.
Finnish state-controlled utility Fortum has put its district heating assets in Poland and the Baltic states up for sale as it seeks to streamline its business, people close to the matter said.
* New CEO's top priority joint strategy with Uniper (Adds details, shares)
Finland's biggest utility Fortum reported an 11% fall in its underlying second-quarter operating profit on Wednesday, dented by low power prices.
Fortum has raised its stake in German peer Uniper to 75.01%, Uniper said on Tuesday, enough to implement a domination agreement which would give the Finnish energy firm access to all finances and cash flow.
Finnish utility Fortum said on Friday it had signed an agreement to sell its district heating business in the Jarvenpaa-Tuusula area in southern Finland to a local consortium of companies for 375 million euros ($421 million).
The new chief executive of Fortum <FORTUM.HE> said on Wednesday natural gas and hydrogen could help Europe shift to clean energy and promised to present a strategy for the Finnish utility and its newly acquired German rival Uniper by the end of 2020.
Fortum named Chief Financial Officer Markus Rauramo as its new chief executive on Tuesday as Finland's top utility seeks to integrate Uniper after securing a majority stake in its former German rival following a two-year struggle.
* BELGIAN COURT OF APPEAL RULES IN FAVOUR OF FORTUM ON INCOME TAX CASE FOR THE YEAR 2008
Fortum <FORTUM.HE> reported a 4% fall in headline first-quarter profit on Friday, beating forecasts with help from gains from hedging as it stuck to its long-term dividend targets.
Fortum reported a 4% fall in headline first-quarter profit on Friday, beating forecasts with help from gains from hedging as it stuck to its long-term dividend targets.
* SAYS OBSERVING THAT GERMAN POWER DEMAND STABILISING AT LOWER LEVELS, BRITAIN, NORDIC DEMAND STILL DECREASING WITH TIME LAG IN CORONAVIRUS CRISIS
Uniper <UN01.DE> announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland's Fortum <FORTUM.HE> secured a 69.6% stake in the German energy group.
* Fortum moves to tighten grip after clinching majority (Adds detail)
* FORTUM CANCELS TOMORROW'S ANNUAL GENERAL MEETING 2020, POSTPONES TO A LATER DATE
Energy company Fortum said on Friday it had met all regulatory conditions to take a majority stake in German rival Uniper, after receiving a final approval from Russian authorities.
Energy group Uniper's new strategy to shift towards greener generation is a step in the right direction, Finland's Fortum, its major shareholder that has been trying to take over its German peer, said on Friday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.