Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Fortum Oyj    FORTUM   FI0009007132

FORTUM OYJ

(FORTUM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Fortum Q3 operating profit drops on weak Uniper results

11/17/2020 | 02:55am EST

HELSINKI, Nov 17 (Reuters) - Finland's biggest utility, Fortum, swung to a steeper than expected underlying third-quarter operating loss on Tuesday, burdened by a weak performance at its German subsidiary Uniper.

Fortum said its comparable third-quarter operating result fell from a year ago to a loss of 176 million euros ($209 million), against an average loss of 153 million expected by analysts in a company supplied poll.

"Fortum's operating environment in the third quarter of 2020 was characterised by continued uncertainty caused by COVID-19, low Nordic power prices due to high hydrology, and the seasonally weak third-quarter results of the Uniper segment," Chief Executive Markus Rauramo said in a statement.

Fortum felt the COVID-19 negative impact mainly on its Russian operations, which continued to be adversely effected from lower power and heat demand, while its impact on Nordic power demand was limited, Rauramo said.

"We have also proceeded with the strategic reviews of our Polish, Baltic, and Swedish district heating businesses as planned and are reviewing all alternatives, including possible divestments," he added.

($1=0.8436 euros) (Reporting by Anne Kauranen; Editing by Clarence Fernandez and Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FORTUM OYJ 0.47% 21.3 Delayed Quote.7.61%
UNIPER SE 0.67% 29.92 Delayed Quote.5.24%
WÄRTSILÄ OYJ -1.75% 8.85 Delayed Quote.10.53%
All news about FORTUM OYJ
01/05FORTUM OYJ : Corporation - A good production year 2020 at 's Loviisa nuclear pow..
AQ
01/04FORTUM OYJ : A good production year 2020 at Fortum's Loviisa nuclear power plant
PU
2020FORTUM OYJ : diversifies its wind power cooperation in Russia
PU
2020FORTUM CMD : strategy update – new financial and climate targets with a cl..
PU
2020FORTUM CORPORATION : Managers' transactions – Risto Pentti
PU
2020FORTUM CORPORATION : Managers' transactions – Markus Raur
PU
2020FORTUM OYJ : Apros® 6.10 SR1 is out
PU
2020FORTUM CORPORATION : Managers' transactions – Sirpa-Helena Sormunen
PU
2020FORTUM CORPORATION : Managers' transactions - Sirpa-Helena Sormunen
AQ
2020FORTUM OYJ : appoints Bernhard Gunther as new CFO
AQ
More news
Financials
Sales 2020 56 531 M 68 736 M 68 736 M
Net income 2020 1 946 M 2 367 M 2 367 M
Net Debt 2020 7 905 M 9 612 M 9 612 M
P/E ratio 2020 9,68x
Yield 2020 5,26%
Capitalization 18 832 M 22 782 M 22 898 M
EV / Sales 2020 0,47x
EV / Sales 2021 0,37x
Nbr of Employees 19 983
Free-Float 47,2%
Chart FORTUM OYJ
Duration : Period :
Fortum Oyj Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FORTUM OYJ
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 19,76 €
Last Close Price 21,20 €
Spread / Highest target 17,9%
Spread / Average Target -6,82%
Spread / Lowest Target -26,9%
EPS Revisions
Managers and Directors
NameTitle
Markus Heikki Erdem Rauramo President & Chief Executive Officer
Matti Juhani Lievonen Chairman
Timo Tapani Karttinen Chief Financial Officer
Kim Juhani Ignatius Independent Non-Executive Director
Tiina Marjukka Tuomela Director & Executive VP-Generation Division
Sector and Competitors
1st jan.Capitalization (M$)
FORTUM OYJ7.61%22 782
NEXTERA ENERGY8.94%164 660
ENEL S.P.A.3.65%105 470
IBERDROLA, S.A.0.26%86 944
ORSTED A/S-1.53%83 669
DUKE ENERGY CORPORATION-0.85%66 810