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    FORTUM   FI0009007132

FORTUM OYJ

(FORTUM)
  Report
Delayed Quote. Delayed Nasdaq Helsinki - 05/14 11:29:30 am
22.8 EUR   +0.26%
05/12GLOBAL MARKETS LIVE : Bayer, Toyota, Xiaomi...
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05/12FORTUM OYJ  : investor presentation May 2021 . pdf, 3.56 MB
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Fortum Oyj : Uniper raises outlook on strong commodities business

04/27/2021 | 07:27am EDT
FILE PHOTO: The logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf

BERLIN (Reuters) - German utility Uniper on Tuesday hiked its guidance for full-year operating profit, boosted by its global commodities business which drove earnings in the first quarter.

The company, majority-owned by Finland's Fortum, said it now expected 2021 adjusted earnings before interest and tax (EBIT) between 800 million and 1.05 billion euros ($966 million to $1.27 billion).

It previously expected 700 to 950 million euros.

First-quarter adjusted EBIT rose to about 730 million euros from 651 million, mainly due to extraordinary gains from the international business of the Global Commodities segment, Uniper said.

Shares in the company rose 1.8% on the news.

Fortum, which owns 76% of Uniper, last month tightened its grip on the German firm, which was spun off from E.ON in 2016, filling key leadership positions, including chairman and finance chief.

The Finnish group has pledged not to squeeze out minorities or seek a domination agreement before 2022.

($1 = 0.8285 euros)

(Reporting by Maria Sheahan and Christoph Steitz; Editing by Riham Alkousaa and Edmund Blair)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FORTUM OYJ 0.26% 22.8 Delayed Quote.15.74%
UNIPER SE 0.49% 30.96 Delayed Quote.9.63%
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05/12Finland's Fortum reports Q1 profit jump helped by Uniper
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Financials
Sales 2021 67 601 M 82 026 M 82 026 M
Net income 2021 1 560 M 1 893 M 1 893 M
Net Debt 2021 7 374 M 8 948 M 8 948 M
P/E ratio 2021 12,2x
Yield 2021 4,96%
Capitalization 20 253 M 24 582 M 24 575 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,41x
Nbr of Employees 20 036
Free-Float 47,3%
Chart FORTUM OYJ
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Fortum Oyj Technical Analysis Chart | MarketScreener
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Technical analysis trends FORTUM OYJ
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 21,77 €
Last Close Price 22,80 €
Spread / Highest target 18,9%
Spread / Average Target -4,50%
Spread / Lowest Target -32,0%
EPS Revisions
Managers and Directors
NameTitle
Markus Heikki Erdem Rauramo President & Chief Executive Officer
Bernhard Günther Chief Financial Officer
Matti Juhani Lievonen Chairman
Eva Gerd Alice Hamilton Independent Director
Veli-Matti Reinikkala Deputy Chairman
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