- Fortum Oyj press release ( OTCPK:FOJCF ): 1H GAAP EPS of -€6.40.
- Revenue of €38.24B (+123.2% Y/Y).
- Outlook: The Generation segment’s Nordic generation hedges ~80% at EUR 38 per MWh for the remainder of 2022, and ~60% at EUR 37 per MWh for 2023.
- The Uniper segment’s Nordic generation hedges: approximately 70% at EUR 26 per MWh for the remainder of 2022, approximately 55% at EUR 30 per MWh for 2023 and approximately 25% at EUR 30 per MWh for 2024.
- CANCELLATION of capital expenditure guidance: Fortum removes its guidance on capital expenditure for 2022 for the time being and will come back with an update in due course
- Uniper’s anticipated losses from the gas curtailments will be recorded in Fortum’s comparable operating profit, mainly affecting the third-quarter result.
For further details see:
Fortum Oyj GAAP EPS of -€6.40, revenue of €38.24B