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2023-10-17 11:45:00 ET Summary European utilities are at the forefront of the green energy transition on the continent. Investment needs have significantly increased over the years and 2024 will see another 5% expansion in capex. Inflation and the higher cost of materials mean...
2023-10-10 14:41:16 ET Summary I believe Fortum's divestment of its stake in Uniper was a major strategy failure in the utility sector in Europe. Fortum had initially paid a significant amount of money for Uniper but later decided to sell its entire stake. The divestment has b...
2023-09-28 13:08:23 ET More on Fortum Oyj Fortum: Clean Nordic Utility With Hefty Dividends Fortum Oyj (FOJCF) Q2 2023 Earnings Call Transcript Fortum Oyj 2023 Q2 - Results - Earnings Call Presentation Historical earnings data for Fortum Oyj For furth...
2023-08-31 12:53:33 ET Summary Fortum is a major power utility in the Nordics with a strong asset base and a leading retail business. The worst is over for Fortum after the agreement with the German government over Uniper and the full write-off of Russian assets. Fortum has a ...
2023-08-06 07:40:19 ET Fortum Oyj (FOJCF) Q2 2023 Earnings Conference Call August 04, 2023, 04:00 AM ET Company Participants Ingela Ulfves - Head of Investor Relations Markus Rauramo - Chief Executive Officer Tiina Tuomela - Chief Financial Officer Conferen...
2023-07-17 04:58:28 ET Vladimir Putin signed a decree on Sunday stating that the Russian government would temporarily take control of French yoghurt maker Danone's ( OTCQX:DANOY ) Russian unit and Baltika, a local brewer owned by Carlsberg ( OTCPK:CABGY ). The decree placed the ...
2023-06-05 23:29:57 ET Summary The Russian government seized all of Fortum's assets located in Russia. As a result, the stock now trades at just 6.5x core earnings, despite one of the best balance sheets within utilities and significant growth prospects. I present my outlook f...
2023-05-11 17:49:08 ET Fortum Oyj (FOJCF) Q1 2023 Earnings Conference Call May 11, 2023 4:00 AM ET Company Participants Ingela Ulfves – Head-Investor Relations Markus Rauramo – Chief Executive Officer Tiina Tuomela – Chief Financial Officer ...
2023-05-09 19:32:00 ET Summary The Top 40 European utilities will invest a total of €128bn in 2023. According to the European integrated utilities' capital expenditure plans, 48% of their investments will be dedicated to renewables, representing about €46bn in total....
2023-03-15 04:56:13 ET Summary Fortum is a major European utility that has been dragged through the mud in 2022 as a result of the Russian Invasion. Their biggest problem has been resolved as Germany nationalized Uniper, but with 20% of their assets in Russia, the valuation is sti...