|Bid||22.78 x 0|
|Ask||22.80 x 0|
|Day's range||22.58 - 22.86|
|52-week range||15.23 - 23.54|
|Beta (5Y monthly)||1.14|
|PE ratio (TTM)||10.22|
|Earnings date||12 May 2021|
|Forward dividend & yield||1.12 (4.91%)|
|Ex-dividend date||29 Apr 2021|
|1y target est||19.62|
HELSINKI (Reuters) -Finnish energy company Fortum reported first-quarter operating profit slightly above forecasts on Wednesday helped by its German holding Uniper and high power prices. "Nordic power prices increased significantly from last year, despite the persistently high hydro reservoir levels," CEO Markus Rauramo said in a statement. Generation’s Nordic achieved power price rose to 37.2 euros from 34 euros a year earlier, and slightly above analysts' expectation of 37.1 euros.
Finland's Fortum has tightened its grip on German utility Uniper after a boardroom shake-up that sees changes to the chairman, CEO and chief financial officer. In a sudden move on Monday, Uniper CEO Andreas Schierenbeck, who joined in 2019, was replaced by Supervisory Board Chairman Klaus-Dieter Maubach, confirming what sources told Reuters earlier. Fortum boss Markus Rauramo is taking over as Uniper's supervisory board chairman and Fortum executive Tiina Tuomela will replace Uniper Chief Financial Officer Sascha Bibert.
Fortum on Friday reported a jump in fourth-quarter profit helped by German subsidiary Uniper but its core power generation business missed forecasts, knocking shares in Finland's biggest utility. Comparable operating profit rose to 928 million euros ($1.11 billion) from 398 million a year earlier, beating the 864 million expected by analysts, Refinitiv Eikon data showed. "When taking into account that Uniper's result was better than expected, the operating result of 'the old Fortum' was a slight disappointment," said Inderes analyst Juha Kinnunen.