Business description: Fortum Oyj

Fortum Oyj is one of the leading Nordic electricity producers. Net sales (before intra-group eliminations) break down by activity as follows:

- sale of electricity (75.3%);

- sale of heat (9.1%);

- other (15.6%).

Net sales are distributed geographically as follows: Nordic countries (70.4%), Poland (25.4%), and other (4.2%).

Number of employees: 4,551

Sales by Activity: Fortum Oyj

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

Generation

2.01B 2.9B 3.66B 4.42B 3.8B

Consumer Solutions (Includes The Consumer Solutions Business)

1.27B 2.62B 4.58B 3.77B 3.07B

Unallocated Netting of Nord Pool Transactions

-317M -1.13B -2.31B -1.51B -1.2B

Other Operations

140M 138M 136M 548M 596M

Eliminations

-598M -331M 434M -513M -469M

Uniper

44.51B 106B - - -

City Solutions (Excl. Consumer Solutions)

1.08B 1.3B 1.28B - -

Russia

929M 906M 1.03B - -

Geographical breakdown of sales: Fortum Oyj

Fiscal Period: December 2020 (EUR) 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR)

Nordics

4.75B 10.85B 6.43B 4.96B 4.08B

Poland

- - 1.1B 1.44B 1.47B

Other Countries

3.02B 8.57B 246M 316M 242M

Other Europe

- 35.86B - - -

Other Central Western Europe

17.79B - - - -

United Kingdom

9.62B 30.93B - - -

Germany

12.22B 24.25B - - -

Russia

1.61B 1.94B 1.03B - -

Executive Committee: Fortum Oyj

Manager TitleAgeSince
Chief Executive Officer 58 2020-06-30
Director of Finance/CFO 60 2023-03-31
Investor Relations Contact - 2017-11-30
General Counsel 55 2025-06-30
Corporate Officer/Principal 57 2021-05-31

Composition of the Board of Directors: Fortum Oyj

Director TitleAgeSince
Director/Board Member 59 2020-04-22
Director/Board Member 59 2021-04-27
Director/Board Member 62 2022-03-27
Chairman 70 2023-04-13
Director/Board Member 60 2023-04-13
Director/Board Member 59 2023-04-12
Director/Board Member 65 2023-04-11
Director/Board Member 64 2023-04-22

Shareholders: Fortum Oyj

NameEquities%Valuation
Government of Finland
51.26 %
459,902,988 51.26 % 10 896 M €
Keskinäinen Eläkevakuutusyhtiö Ilmarinen
2.198 %
19,720,000 2.198 % 467 M €
Keskinäinen Työeläkevakuutusyhtiö Varma
1.757 %
15,768,981 1.757 % 374 M €
Keskinäinen Työeläkevakuutusyhtiö Elo
1.265 %
11,350,000 1.265 % 269 M €
The Social Insurance Institution of Finland (Invt Port)
0.7167 %
6,430,896 0.7167 % 152 M €
NameEquities%Valuation
RiverFront Investment Group LLC
0.001379 %
61,881 0.001379 % 293 192 €

Company details: Fortum Oyj

Fortum Oyj

CD Building

02150, Espoo

+358 10 4511

http://www.fortum.com
address Fortum Oyj(FORTUM)

Group companies: Fortum Oyj

NameCategory and Sector
Suomen Energiayhtiö Oy
Sävar Vindkraft AB
E.ON Commodity DMCC
Hafslund Energi AB

Other Electric Utilities

Change 5d. change 1-year change 3-years change Capi.($)
+2.10%+0.20%+41.07%+40.77% 20.89B
-1.34%+4.74%+109.22% - 216B
+1.51%+5.21%+33.05%+23.97% 186B
+0.15%+3.71%+45.06%+83.94% 155B
+0.95%+2.87%+39.03%+79.49% 113B
+1.50%+2.87%+7.26%+37.91% 98.42B
+1.58%+3.47%+7.52%+26.75% 94.66B
-0.37%+0.10%-12.48%+221.18% 98.62B
+0.90%+2.45%+20.81%+37.01% 64.68B
+2.29%+6.26%+16.77%+10.50% 53.25B
Average +1.10%+2.07%+30.73%+62.39% 110.15B
Weighted average by Cap. +0.83%+3.09%+40.37%+65.94%
Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
19
Last Close Price
19.98EUR
Average target price
16.46EUR
Spread / Average Target
-17.61%

Quarterly revenue - Rate of surprise