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Fortum Oyj (FORTUM.HE)

Helsinki - Helsinki Real-time price. Currency in EUR
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25.74+0.72 (+2.88%)
As of 10:53AM EET. Market open.
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Previous close25.02
Bid25.74 x 0
Ask25.76 x 0
Day's range25.22 - 25.84
52-week range18.17 - 27.78
Avg. volume1,222,766
Market cap22.865B
Beta (5Y monthly)1.15
PE ratio (TTM)84.12
EPS (TTM)0.31
Earnings date03 Mar 2022
Forward dividend & yield1.12 (4.48%)
Ex-dividend date29 Apr 2021
1y target est25.84
  • Reuters

    Fortum's gain from booming power price capped by hedging

    HELSINKI (Reuters) -Finnish energy company Fortum on Friday posted a bigger-than-expected rise in underlying third-quarter operating profit, but extensive hedging limited the windfall from rising energy prices. Fortum's comparable operating profit rose to 260 million euros ($298 million) from a loss of 179 million a year ago, beating the 203 million expected by analysts in a company-provided poll. Nordic power prices are highly volatile and the high level of hedging applied by the company's key Generation business, which sells a large portion of its electricity output on forward contracts, acted as a constraint on profits.

  • Reuters

    German utility Uniper could cut 1,200 jobs in service overhaul

    DUESSELDORF (Reuters) -German utility Uniper is planning to cut one in 10 jobs over the next few years, the group's works council head said, as it shifts services towards renewables and hydrogen and away from fossil fuel-based power plants, except its own. Harald Seegatz, who sits on Uniper's supervisory board, said the measures, which include power plant shutdowns, could affect at least 1,200 jobs, or about 10% of the total workforce. Sources had told Reuters earlier that Uniper, which is majority owned by Finland's Fortum, was preparing major job cuts.

  • Reuters

    Nasdaq and Fortum join forces to develop carbon removal market

    Financial services company Nasdaq and Finnish state-owned utility Fortum have joined forces to develop a trading platform for carbon removal credits, they said on Tuesday. Various forms of carbon trading have gained traction as tackling climate change has become urgent and industry is under pressure to cut or offset its emissions by buying into carbon reduction schemes, such as tree planting or emissions sequestration. Backed by Fortum, was founded in 2019 and offers verifiable and tradable carbon removal credits on an open, online platform, with existing corporate clients including Microsoft, the companies said.